SA COMMUTER TRANSIT


Overview

  • Reference: P-ZA-D00-004
  • Appraisal Date: 18/06/2018
  • Board Presentation: 17/09/2018
  • Status: LendingLEND
  • Implementing Agency: --
  • Location: South Africa

Description

The Project entails funding of a mass transit financial solutions provider that onlends to small and medium enterprises (SMEs) that may otherwise not be able to access financing. With the funding, SMEs will acquire fuel efficient, environmentally-friendly, quality vehicles (minibus taxis) to be used for mass transit across South Africa. The Project will catalyze funding for approximately 9,300 vehicles, or nearly 8% of the current need in the country, thereby supporting nearly 720,000 safer daily trips.


Key contacts

BALDERRAMA Fernando - PICU4


Estimated Cost

Amount
 300,000,000