Alfred Nzo District Municipality is located on the north-eastern side of the Province of the Eastern Cape and stretches from the Drakensberg Mountains, borders Lesotho in the North, Sisonke District Municipality in the East and O.R. Tambo District Municipality in the South.
Alfred Nzo District Municipality (ANDM) had put out an advertisement inviting all interested Service Providers to submit an expression for the provision of finance options on capital projects for ANDM (Water and Sanitation). ETL (Pty) Ltd had been shortlisted to present to the committee of ANDM wherein ETL and Billionaire Africa Group had concluded a Joint Venture Agreement for the execution of the said assignment as a collective. As such, the said Joint Venture Agreement was duly accepted and incorporated by the Alfred Nzo District Municipality.
ETL / Billionaire Group Africa JV had received a provisional letter of award for the provision of Project Financing and Technical Services to undertake the execution of the Water and Sanitation Programme on and behalf of the Alfred Nzo District Municipality. ANDM is in its final stages of adjudication of the said award wherein ETL / Billionaire Group Africa is extremely optimistic that it would be successful in being accorded the said appointment for the roll out of this prestigious programme on and behalf of the Alfred Nzo District Municipality. The Joint Venture partners are humbled to be part of effecting a change to the lives of people coupled with meeting the service delivery objectives of the ANDM within the Province of the Eastern Cape, more importantly on the Water and Sanitation Programme wherein it is estimated that the project value is in the order of R1 billion.
ETL has positioned itself to the extent where it has seen the major need to assist both Local and District Municipalities in terms of Bridge Financing, Front Loading, and/or undertaking projects on a Turnkey Development Approach on a Risk Basis and driving the process of securing Payment Guarantee’s from the relevant authorities. With our strong collaborative partners and associates within the Financial Services Sector, ETL is confident that it will be seen as a game changer in assisting Government in addressing some of its Infrastructural Backlog Challenges