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Municipal project finance in the municipality of Rustenburg (South Africa) (anglais)

To address vital wastewater infrastructure needs, the Municipality of Rustenburg created the Rustenburg Water Services Trust (RWST) to finance and upgrade infrastructure. The Trust secured revenues from municipal bulk water sales and an off-take agreement with two local mines. This revenue security, and the ring-fencing of the RWST as a special purpose vehicle (SPV), enabled commercial finance to be accessed in the form of a bank loan. The innovative...
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