Infrastructure Investment Programme for South Africa (IIPSA)
|Title||Infrastructure Investment Programme for South Africa (IIPSA)|
|E-mail, phone number and mailing address||
c/o Development Bank of Southern Africa,
The purpose of the IIPSA funding is to enhance sustainable economic growth and the delivery of key services affecting development in South Africa and in the Southern African Development Community (SADC) Region. Using financial leverage as a key principle, IIPSA aims to address the constraints to infrastructure development in South Africa and in the SADC region.
IIPSA provides innovative financing, involving the blending of EU grants together with loans from participating Development Finance Institutions - Agence Française de Développement (AFD), DBSA, European Investment Bank (EIB) and German Development Bank (KfW). IIPSA will support the development of both national and regional infrastructure projects as spelled out in South Africa's national infrastructure programme, and in SADC's regional infrastructure programme.
|Type of finance provided||
|Size of project supported||
The IIPSA will in principle consider projects or programmes with a minimum capital investment value of R500 million or equivalent in USD/Euro in South Africa and the SADC region respectively. If duly justified, projects with a smaller investment value will also be considered, notably if packaging of several projects as a programme is feasible.
|Range of funding provided (min/max)||
This will be decided on a project by project basis, depending on available funding.
The project owner/sponsor will be either an eligible public or a private institution with a public service mission.
In South Africa - a national or sub-national project.
|Project preparation phases supported||
Technical Assistance and studies / project preparation - the financing of technical assistance to support project preparation, and the management and implementation of eligible infrastructure projects (including around: enabling environment; project definition; project feasibility; project structuring; transaction support; post-implementation support)
Each application will undergo an initial screening to assess suitability in terms of the IIPSA objectives. All applications will be subjected to the following criteria which they must meet:
a) Sector or Strategic Fit (the project is within the priority sectors considered by the IIPSA);
b) Development Impact (the project improves the quality of life of citizens);
c) National / Regional Priority (the highest decision-making authority is in support of the project and the project should be on the National Development Plan in South Africa, or the Regional Infrastructure Development Master Plan in SADC);
d) Institutional Capacity (the project should currently have capacity or should have credible plans to add capacity towards management and project implementation);
e) Project Size (usually projects with a minimum capital investment value of R500 million, or equivalent in USD/Euro, though projects with a smaller investment value may also be considered).
|Countries||Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe|