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South Africa Signs Two Loan Agreements With BRICS NDB for Infrastructure: Treasury

South Africa Signs Two Loan Agreements With BRICS NDB for Infrastructure: Treasury

Sputnik Africa

South Africa Signs Two Loan Agreements With BRICS NDB for Infrastructure: Treasury The two loans, with a combined value of $405 million, will finance national... 29.08.2026, Sputnik Africa

2026-08-29T23:22+0200

2026-08-29T23:22+0200

2026-08-29T23:24+0200

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South Africa Signs Two Loan Agreements With BRICS NDB for Infrastructure: Treasury The two loans, with a combined value of $405 million, will finance national development endeavors, including key health and water infrastructure projects, the National Treasury announced.Key Details:🟠Healthcare Project: A $200 million loan will support the construction of a 488-bed tertiary hospital in Limpopo province, aimed at expanding access to specialized healthcare services.🟠Water Supply Project: A $205 million loan will fund the Magalies Bulk Water Supply Scheme to address water shortages in six municipalities across Limpopo and North West provinces.The New Development Bank, established by BRICS members in 2015, finances infrastructure and sustainable development projects in emerging markets and expanded its membership in 2021.Subscribe to @sputnik_africa Sputnik Africa | X

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