Loading...
See More

Cape Town seeks R2bn for projects

Jul 18 2012 09:00 Sapa

Related Articles

Electricity price hikes for Cape Town

Property demand highest in Cape Town

Tiny urban traces

Cape Town mulls commercial stadium use

De Lille: Cape Town equipping business

R18m for Cape Town river project

 

Cape Town - The City of Cape Town wants to raise a R2bn loan from a French development bank to finance a range of its capital projects, it was reported on Wednesday.

The Cape Times reported the loan, funded by L'Agence Française de Développement, could be taken on condition that it be repaid over 15 years and have an interest rate fixed at 9%.

Deputy mayor Ian Neilson said the loan would be used over the next two financial years for a range of capital projects such as water services, roads, refuse collection and sewerage.

The mayoral committee agreed on Tuesday to recommend to the city council that the loan be taken up.

 
cape town
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Nicole Meyer!

Nicole is the cover girl for the 2014 edition of SA Swimsuit! Check out some smoking hot pics of here here.

 
 

Men24.com

11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...