South Africa need US$8 billion for multinational water project
Tag: South Africa, South Africa water project
Summary: South Africa are going to set up a multinational water project, the project will benefit the countries and the Kingdom of Lesotho , but South Africa a lack of money, calls for international aid.
South Africa are going to set up a multinational water project, the project will benefit the countries and the Kingdom of Lesotho , but South Africa a lack of money, calls for international aid.
Mabudafhasi said the project was a 'classic example' of cross-border water management, and that Lesotho would benefit from job opportunities and revenue the project brings and South Africa would be assured of water supply.
Foreign capital is required to invest in a project which would supply water from Lesotho to Gauteng, South Africa's industrial heartland. Lesotho is an independent nation surrounded by South Africa.
"We've got countries coming forward and offering us technology. They're saying they'd like to partner with us," Xinhua news agency quoted Deputy Water Affairs Minister Rejoice Mabudafhasi as saying.
The water project needs more than 60 billion rands (US$8 billion) for water infrastructure over the next three years, according to reports by local media.
Phase 2 of the project, including the building of a second dam in Lesotho and the boring of a 38-km-long tunnel, is estimated to cost 15.4 billion rands (US$2 billion) and will supply an additional 151 million cubic metres of water to the Vaal River system by July 2020.