TCTA secures US$1bn for development of the LHWP’s second phase

SOUTH AFRICA – The Trans-Caledon Tunnel Authority (TCTA), the South African government agency responsible for water management, has secured R15 billion (US$1.09 billion) from private investors. The funding is for the development of the second phase of the Lesotho Highlands Water Project (LHWP). Work is expected to accelerate at the Lesotho Highlands Water Project (LHWP) site. Trans-Caledon Tunnel Authority (TCTA), the South African government agency responsible for water management, has secured funding from private investors. The funding, worth R15 billion (US$1.09 billion), will be used to build a series of…

Read More