Joint Media Statement between DBSA and ACSADBSA injects R1, 5 billion into ACSA’s infrastructure development programmeThe 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. ACSA’s five-year multi-billion capital expansion programme will run until 2012 and is aimed at increasing the capacity of our airports for 2010 and beyond. ”We are delighted to be part of this expansion programme designed to increase the capacity of our airports to meet the expectations of the travelling public, including thousands of soccer loving fans expected to descent on our shores for the 2010 World Cup soccer showpiece and beyond”, said Mr. Bethuel Netshiswinzhe, the Divisional Executive for Northern Cluster at the DBSA. Netshiswinzhe said this project signifies the bank’s commitment to contribute toward the development of economic infrastructure which is much needed for the further growth and development of our country”. Mr. Phetolo Ramosebudi, the Group Treasurer at ACSA, said as a result of worsening domestic and global macroeconomic conditions, the domestic bond market has weakened, requiring ACSA to diversify its sources of funding. “We have approached a number of financial institutions and we are pleased that the DBSA agreed to partner with us. The loan will go a long way toward meeting ACSA’s funding requirements. Discussions with other institutions are continuing,” Ramosebudi added.
For more information contact:Mr. Bethuel NetshiswinzheDivisional Executive: DBSACellphone: 082 416 6263
ORMr. Solomon MakgaleCommunications Manager: ACSACellphone: 082 781 8863