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Project Brief - Southern Africa Development Bank of Southern Africa
The proposed Line of Credit (LOC) will provide long-term foreign currency funding to DBSA for financing viable infrastructure investment projects in South Africa and other SADC countries. The proceeds of the LOC would be used to finance the goods and services required for the implementation of eligible infrastructure subprojects. To be eligible, subprojects must be consistent with the development programs and strategies of the Government of the country in which the project is to be implemented, and, in addition, should meet the following criteria: i) the provision of infrastructure services; ii) offer an appropriate, sustainable and affordable technology; iii) promise an economic return in excess of the cost of capital; iv) be socially viable and empower communities; v) be environmentally sustainable; and vi) create employment opportunities in areas of high unemployment.