Long-term borrowing Contracts

NOTICE IS HEREBY GIVEN in terms of Section 21A of the Local Government: Municipal Systems Act, No 32 of 2000, read with the conditions and criteria for the raising of loans for capital expenditure in terms of Section 46 of the Municipal Finance Management Act, No.56 of 2003, that Brakpan Bus Company(Pty)Ltd an entity of the Ekurhuleni Metropolitan Municipality is anticipating to enter into a loan agreement as provided for by the said act,.

Amount: R15 million

Capital Loan Funding for an amount of R800 million was approved on 28th of May 2009 as part of the budget approval.

• Annexure A - Copies of council resolutions,
• Annexure B - Proposed received from successful bidder (ABSA Bank Limited), Annexure C – Draft loan agreement,
• Annexure D – Proposed repayment schedule
• Annexure E – Capital Budget containing projects to be funded with the long term debt as well as long term Funding strategy (2009/10 to 2011/12 indicating anticipated revenue and expenditure, including budgeted interest payments),
• Annexure F – Advert inviting comments on proposed debt,
• Annexure G – Repayment Schedule of current debt book
  

Amount: R800 Million

The Ekurhuleni Metropolitan Municipality intends taking up an external loan amounting to R800 million to fund its 2009/2010 capital budget. The First R400 tranche of the proposed loan will be considered by Council on the 26th November 2009.

• Annexure A - Copies of council resolutions.
• Annexure B - Proposed received from successful bidder (FirstRand Merchant Bank).
• Annexure C - Draft loan agreement.
• Annexure D - Proposed repayment schedule.
• Annexure E - Capital Budget containing projects to be funded.
• Annexure F - Advert inviting comments on proposed debt
• Annexure G - Repayment Schedule of current debt book.
  

Amount: R400 million

The East Rand Water Care Company (ERWATl , which is an Entity of the Ekurhuleni Metropolitan Municipality approved the taking up an external loan amounting to R550 000 000.00 to fund its multiyear capital budget.

Amount: R 550 Million

Information Statement in respect of proposed Long Term Debt. The Ekurhuleni Metropolitan Municipality intends taking up an external loan amounting to R1.1 billion to fund its 2008/09 capital budget. This proposed loan will be considered by Council on the 30th April 2009.

Amount: R1.1 Billion