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Stock impact report

Citigroup Teams Up With South Africa to Fund New Mega City and Airport [BNN Bloomberg (Canada)]

Arcelor Mittal NY Registry Shares NEW (MT) 
Last arcelor mittal ny registry shares new earnings: 2/6 01:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.arcelormittal.com/investors
Company Research Source: BNN Bloomberg
The US lender, through its South African unit, will make a seven-year loan facility available to a special purpose vehicle that will directly invest in infrastructure for the Mega River City on the banks of the Vaal river, Citi South Africa head Peter Taylor said. The development could attract much as 30 billion rand in additional investment, he said. “The new Vaal river city project will take the form of a public-private-partnership,” Taylor said in an interview. “It will constitute a mixed-use metropolitan city development, an international airport, along with logistics, manufacturing and agricultural hubs.” Gauteng, South Africa's richest province, has identified five corridors or sites where it wants to boost economic development and create jobs, with the new city the first of the envisioned projects. It will span at least 1,200 hectares (2,965 acres) of land, and adjoin an industrial hub where steel-maker ArcelorMittal SA and petrochemical giant Sasol Ltd. have processing fa Show less Read more
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