EU bank commits 900m for SA's needs.

(From Business Day (South Africa))

Byline: Mathabo le Roux

EU bank commits 900m for SA's needs Prime targets will be electricity generation and distribution, water supply, sanitation and communication projects Trade and Industry Correspondent THE European Investment Bank (EIB) has committed 900m or R8,5bn at current exchange rates for investment in SA over the next seven years, with the bulk of that money earmarked for infrastructure development. The multibillion-rand com-mitment by the European Union's development bank is partially in recognition of SA's serious infrastructure backlog and in support of the development aims of the Accelerated and Shared …