EU to support
infrastructure development in South Africa and the region
The European
Union has approved a ground-breaking €100 million programme to support
infrastructure development, through an innovative grant-loan blending
mechanism, for South Africa and the region.
Recognising
improved infrastructure as vital to bettering peoples' lives, EU Development
Commissioner Andris Piebalgs, who is going to attend the EU-South Africa
Summit, stated: “Improving infrastructure is key to the development of any
country. South Africa is currently held back by its infrastructure, which
restricts people’s access to health, education and job opportunities. By taking
an innovative approach, our new support programme will help to significantly
boost trade in the region and get the country on the road to further growth”.
The programme is expected to contribute to increased infrastructure investments in South Africa and the region, notably in transportation and logistics, energy, water/environment, information, communication and technology (ICT) and social infrastructure.
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