The Trans-Caledon Tunnel Authority (TCTA) and the Development Bank of Southern Africa (DBSA) have concluded two loan facility agreements, totalling R5.5-billion and spanning 20 years, for the implementation of Phase II of the Lesotho Highlands Water Project (LHWP), which forms part of South Africa’s Vaal River System. The investment comprises R3-billion and R2.5-billion loans and was negotiated alongside other facility agreements with the five major banks in South Africa for a total of over R15-billion.
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