Project General Description
The present project contemplates a US $ 300 million, ten-year, non-sovereign Line of Credit (LOC) to the Development Bank of Southern Africa (DBSA), to support infrastructure development in the Southern African Development Corporation (SADC) sub-region. The DBSA is wholly-owned by the Government of South Africa (GSA). It operates on a fully commercial basis. Its purpose is to accelerate sustainable socio-economic development by funding physical, social and economic infrastructure projects. Major sectors will include: (i) energy, transport, ICT, health, housing, ports, roads, and water and sanitation; (ii) infrastructure and related sub-projects in resource-based industries such as agri-business and mining; and (iii) manufacturing and infrastructure relating to tourism. Attention will also be given to regional and social infrastructure projects, which are facing new constraints due to the prevailing credit constraints in the financial markets.
The project’s objective is to support the delivery of economic and social infrastructure and promote broad-based economic growth, job creation, regional integration and prosperity in the Southern African Development Corporation (SADC) region.