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UPDATE 1-S Africa s TCTA raises $1 bln for Lesotho water project

By Reuters Staff (Adds quote, details) CAPE TOWN, May 25 (Reuters) - South Africa’s Trans-Caledon Tunnel Authority (TCTA) has raised just over 15 billion rand ($1.09 billion) in capital markets to continue construction of the Lesotho Highlands water project, the minister of water and sanitation said on Tuesday. The state-owned TCTA needed guarantees from the National Treasury before it could raise the private funding for the project which is designed to improve water access for millions of people in South Africa’s economic heartland in Gauteng province. “So, we have the resources, we have the guarantees and now we can assure you that we will be hard at work to provide water security,” minister Lindiwe Sisulu told lawmakers.

S Africa s water entity TCTA raises $1 bln for Lesotho project

Reuters | Cape Town | Updated: 25-05-2021 18:28 IST | Created: 25-05-2021 18:09 IST Representative image Image Credit: ANI Country: SHARE South Africa s state water entity TCTA has raised just over 15 billion rands ($1.09 billion) in capital markets to continue construction of the Lesotho Highlands water project, the minister of water and sanitation said on Tuesday. The Trans-Caledon Tunnel Authority (TCTA) needed prior state guarantees from National Treasury before it could raise the private funding for a key project designed to improve water access to millions of people in South Africa s economic heartland in Gauteng province. ($1 = 13.8226 rand) Advertisement READ MORE ON:

S Africa s water entity TCTA raises $1 billion for Lesotho project

S.Africa s TCTA raises $1 billion for Lesotho water project Reuters 5 days ago CAPE TOWN (Reuters) -South Africa s Trans-Caledon Tunnel Authority (TCTA) has raised just over 15 billion rand ($1.09 billion) in capital markets to continue construction of the Lesotho Highlands water project, the minister of water and sanitation said on Tuesday. The state-owned TCTA needed guarantees from the National Treasury before it could raise the private funding for the project which is designed to improve water access for millions of people in South Africa s economic heartland in Gauteng province. So, we have the resources, we have the guarantees and now we can assure you that we will be hard at work to provide water security, minister Lindiwe Sisulu told lawmakers.

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