SANRAL Signs R7 Billion Loan With NDB To Fund Toll Portfolio Projects - BINRA
SANRAL Signs R7 Billion Loan With NDB To Fund Toll Portfolio Projects - BINRA
The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration Number 1998/009584/30)
Alpha Code: BINRA
("SANRAL" or the "Company")
SANRAL signs R7 billion loan with NDB to fund toll portfolio projects
SANRAL wishes to notify debt investors that it has successfully concluded a loan agreement to the
value of R7 billion with the New Development Bank ("NDB"). This follows the approval in March
2024 of a R16.5 billion borrowing limit, which included a R7 billion guarantee for the NDB loan. The
loan will support various projects in the toll portfolio, in particular the key economic corridors along
the N2/N3 in KwaZulu Natal and the N1. The loan will become effective as soon as the standard
conditions precedent have been met.
The balance of the borrowing limit not utilised by the NDB loan will be used to raise funding in the
domestic market, including but not limited to bonds, and syndicated and bi-lateral loans.
These facilities and support allow SANRAL to continue paving the way to progress for the South
African economy and society in general. SANRAL is looking forward to the positive impact that will
emanate from the long overdue funding that will greatly assist the entity carry out its mandate.
22 July 2025
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 22-07-2025 08:00:00
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