Cape Town spent 9.4 billion rand on infrastructure in the year through June, the most on record for any South African metropolitan region, it said Thursday.
The city’s infrastructure budget for the next three years is 39.5 billion rand, 80% more than the nation’s biggest metro area, Johannesburg, and almost double that for the third-largest, Durban, the Cape Town mayor’s office said Thursday.
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Cape Town Gets $158 Million IFC Loan for Infrastructure Drive
South Africa’s City of Cape Town secured a 2.8 billion-rand ($158 million) loan from the World Bank’s private-investment arm to boost its water, sanitation, power road infrastructure.
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