Southern Africa
Lesotho Highlands Water Project Gets US$171.5 Million Loan
The New Development Bank is providing the project loan.
South Africa's Trans-Caledon Tunnel Authority (TCTA) has signed a loan agreement with The New Development Bank (NDB) to support the implementation of phase 2 of the Lesotho Highlands Water Project (LHWP).
According to the agreement signed on 21 August, NDB will provide financing of ZAR3.2 billion (US$171.5 million) under the sovereign guarantee
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