South African National Toll Roads Strengthening and Improvement Programme (NDB-SOUTHAFRICANTOLL)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 12, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
South African National Roads Agency SOC Limited ("SANRAL")
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 479.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported ZAR 7000.0 million
Converted using 2019-09-12 exchange rate.
Project Cost (USD)
$ 561.56 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported ZAR 8200 million
Converted using 2019-09-12 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 17, 2020


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Project Description

Accordingto bank provided information, the project is designed to improve key national road segments with the objective to reduce transportation costs in South Africa. The contents of the Project include rehabilitation of the pavement for the existing toll sections of national roads, construction of additional lanes to widen such roads, and rehabilitation of related infrastructure such as bridges and intersections. After successful implementation of the Project, about ZAR 68 billion of savings of road user costs (in real terms) are expected to be achieved over 25 years forecasting period.

Investment Description
  • New Development Bank (NDB)

The total cost of the Project is estimated to be ZAR 8.2 billion. The NDB will finance ZAR 7.0 billion, accounting for 85% of the total cost. The remaining balance will be financed by SANRAL.

Contact Information

Implementation Agency:

South African National Roads Agency SOC Limited