THE City of Cape Town has secured R3.5 billion in funding from Nedbank for an ambitious infrastructure investment project spanning three years, officials announced on Tuesday.
The financing arrangement was approved by the city council on 12 June.
According to the Nedbank Capital Expenditure Project Listing for 2023, which was published in February this year, Cape Town accounted for 60% of last year’s R100 billion in overall government infrastructure projects nationally. – moneyweb.co.za