# Government has signed a 16.2-billion-rand loan agreement with the New Development Bank to upgrade infrastructure for the Metropolitan Municipal Services. This is part of the Metro Trading Services Reform Programme, aimed at improving the governance, financial sustainability and operational performance of municipal trading services in metropolitan municipalities, particularly in water and sanitation, electricity and energy, and solid waste management. National Treasury says this is a performance-based loan with financing linked to institutional strengthening and the achievement of independently verified, measurable performance targets approved by municipalities.
Government secures a R16-billion loan to improve the financial sustainability and performance of municipal services