South Africa's state water infrastructure entity, the TCTA said on delays by treasury in guaranteeing its debt were pressuring its funding plan. Stock photo.South Africa's state water infrastructure entity, the Trans-Caledon Tunnel Authority , which needs to raise 33 billion rand in 2021, said on Tuesday delays by treasury in guaranteeing its debt were pressuring its funding plan.
Consecutive years of abnormally hot weather and below-average rainfall, which the government has partly attributed to climate change, have strained South Africa's already-stretched water supplies, making funding for infrastructure backlogs even more pressing. Treasury has yet to approve the request to guarantee the borrowing, the TCTA said. TCTA has also negotiated 4.5 billion rand from African Development Bank and New Development Bank , also awaiting government guarantees.
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