AFD supports the NEPAD Project Preparation and Study Facility

On 13 September 2007 the French Development Agency (AFD) and the Development Bank of South Africa (DBSA) renewed the NEPAD Project Preparation and Study Facility. The purpose of this facility is to assess the feasibility of NEPAD projects in four sectors: transport, energy, communication and water and sanitation. These projects can then be financed jointly by DBSA and AFD. Priority is given to public-private partnership projects with a regional and continental impact.

Since the inception of this facility, AFD has contributed €12.5 million to the MOTRACO power transmission project between South Africa, Swaziland and Mozambique. Fifteen projects have been approved by the facility, amongst which six projects have been earmarked to receive the maximum amount - US$ 300 000 - fixed by the facility.

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Paul Baloyi, CEO of DBSA, with Jean-Jacques Moineville, director of the Africa department of AFD and Denis Pietton, France’s ambassadeur to South Africa. Photographer: Simron Tigerls, DBSA

publie le 28/03/2008

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