South Africa Secures \$398 Million Loan for Road Infrastructure Upgrade

South Africa is set to receive a R7 billion loan from the New Development Bank (NDB) to enhance its road infrastructure.
The loan will focus on upgrading key transportation routes, reducing congestion, and improving safety.
The NDB is becoming a major alternative to Western financiers for infrastructure projects in the Global South.
The project aims to meet rising transport demands after years of underinvestment and will support economic recovery.
SANRAL plans to upgrade four major freeways and other related infrastructure, with job creation and sustainability as key priorities.