# The African Development Bank Group has approved an 18.85-billion-rand loan for South Africa’s Transnet to support its recovery and growth plans. The 25-year loan, guaranteed by the South African government, will fund the first phase of Transnet’s 152.8-billion-rand five-year capital investment plan. This plan aims to address operational challenges in rail and port sectors. Transnet CEO Michelle Phillips welcomed the funding, highlighting its crucial role in stabilising and improving operations.
AFDB approves loan to boost Transnet’s recovery plan