Question NW2729 to the Minister of Economic Development
10 January 2017 - NW2729
Cardo, Dr MJ to ask the Minister of Economic Development
Whether the Presidential Infrastructure Coordinating Commission has unlocked loan funding from the BRICS New Development Bank; if so, (a) for which infrastructure projects and (b) to what Rand value?
Reply:
The PICC worked with other public entities to enable consideration of South African projects by the National Development Bank.
In 2016, the Bank approved a facility of USD 180 million to Eskom for the construction of transmission lines to connect renewable energy projects and strengthen other strategic transmission lines in Gauteng.
Prepared by: Lynette Milne
Recommended/ Not Recommended
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Mr Malcolm Simpson
Acting Director-General
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Approved/ Not Approved
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Mr Ebrahim Patel
Minister of Economic Development
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