|Approval Date||11 Sep 2020|
|Signature Date||19 Jan 2021|
|Planned Completion Date||30 Jun 2023|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||31110|
The proposed Technical Assistance operation is to support the development of the Bokamoso Ba Rona Agri-Industrial Park Project (BBR) located in Merafong City Local Municipality of the West Rand District of Gauteng Province. This is a grant not exceeding Five Hundred Thousand Units of Account (UA 500,000) to the Republic of South Africa from the resources of the Middle-Income Country Technical Assistance Fund. The BBR project is one of the prioritized Agri Parks to be supported by the Bank. This is a proposed large-scale, agri-industrial development undertaking that will support commercial, emerging and small-scale farmers, as well as the community through a network of integrated agricultural and energy developments on 30,000 ha land area. The purpose of the project is to engage a firm as a Transaction adviser (TA) to assist the Gauteng Infrastructure Finance Agency (GIFA) and the BBR Founding Partners in providing critical technical, financial, legal and marketing support for the establishment of the Bokamoso Ba Rona Agripark project in Gauteng Province. The Technical Assistance will be implemented over a period of two years between August 2020 and July 2022 following approval by the Bank.
The general objective of the project is to provide Technical Assistance in technical, financial legal and marketing services to support the establishment of the Bokamoso Ba Rona (BBR) Agri-Industrial Park located in West Rand District of Gauteng Province. The specific objectives of the project are to support GIFA and its Partners to achieve the following: (i) Establish an implementation management structure that will enable infrastructure development in the BBR project; (ii) Undertake targeted funder engagement and raise investments for the Bokamoso Ba Rona Projects; and (iii) Provide technical assistance on project coordination and management in GIFA.
The project will provide the required infrastructure that will provide an agro-industrial base that will drive demand for farm produce and increase agro-industrial processing. The project will also integrate rural producers and small businesses with commercial value chains and markets; encourage the inclusion of informal economic actors into the formal system; stimulate growth in townships, enhance the business climate to mobilize private capital; and integrate youth into agriculture as a business enterprise and source of employment.
Middle Income Countries Fund
Gauteng Infrastructure Finance Agency
|Last Update||03 Oct 2022|
|Name||EZEDINMA Chukwuma Ikechukwu|