Treasury secures R5.6bn loan to improve service delivery in metros ahead of elections
“The €300 million in concessional financing from KfW Development Bank and Agence Française de Développement strengthens the Government’s broader programme of support to improve the governance, financial sustainability and operational performance of essential trading services in metropolitan municipalities,” he said.
The MTSR programme is designed to support the improvement of three trading services, namely electricity, water supply and sanitation, and solid waste management, in South Africa’s metropolitan municipalities.
Cornelia Tittmann, KfW’s Country Director for South Africa, stated the importance of the reforms underway and recognised National Treasury’s leadership in developing a programme that will improve service delivery and living conditions for millions of South Africans.
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