Joint Media Statement between DBSA and ACSA
DBSA injects R1, 5 billion into ACSA’s infrastructure development programme
The Development Bank of Southern Africa (DBSA) has approved a R1.5bn loan facility to Airports Company South Africa (ACSA) toward funding of ACSA’s airport infrastructure development programme, the organisations announced today.
Fitch Ratings has affirmed Airports Company South Africa Limited (ACSA)’s Short-term rating at ‘F1+(zaf)’ but regrettably downgraded the National Long-term rating from ‘AA(zaf)’ to ‘AA-(zaf)’. The Outlook for the National Long-term rating and Short-term rating remains Stable.
The construction team at the new international airport at La Mercy reported back on site on 5th January 2009 and are the project is back on track and the team is working towards completing the project by the 1st quarter the 2010.