The N4 was financed through a combination of equity finance by the private partner, plus loan finance from a range of the major financial houses in the sub-continent – primarily from South Africa. A percentage of the finance was also provided by the Development Bank of South Africa and a mine workers pension fund. Both governments agreed to underwrite or guarantee the debt in case of TRAC’s inability to service the loan.
South Africa has an important experience in PPP projects, involving about 300 such projects on the national and provincial levels since 1994. The South African National Treasury, the body that deals with PPP projects, developed a PPP Manual to guide projects of this nature. The manual defines a PPP to be a contract between a public sector institution and a private party, in which the private party assumes substantial financial, technical and operational risk in the design, financing, building and operation of a project.
This SmartLesson explores the difficulties and obstacles in promoting public-private partnerships as a means of strengthening the private sector and thus the country’s economy. South Sudan is considered a fragile post-conflict state and falls under IFC’s Conflict Affected States in Africa Initiative.
The intention is to facilitate information sharing and learning between municipalities. An assessment of a random sample of some of the best-performing municipalities in the country including why they do so well, would give an indication of the direction that waste management services should take towards improved service delivery. The success of some of these municipalities may be duplicated in other municipalities.
Durban Water Recycling Project