NDB Board of Directors Held its 52nd Meeting in Shanghai

On September 16 and 17, 2026, the Board of Directors (Board) of the New Development Bank (NDB) held its 52nd Meeting at the Bank’s Headquarters in Shanghai.

Olifants Management Model Program (Stage I)

The Board approved a loan of up to USD 200 million to the Republic of South Africa for the Olifants Management Model Program (Stage I).

The Project aims to develop bulk raw and potable water infrastructure for enhancing water supply in the Mogalakwena Local Municipality (MLM) of the Limpopo Province of South Africa, in line with the objectives of the National Water and Sanitation Master Plan. The Project will address the growing water scarcity in the Limpopo Province through the construction of a bulk water supply scheme that abstracts water from the Flag Boshielo Dam on the Olifants River to feed into new water treatment facilities for supplying potable water to residents of MLM and into a raw water network for industrial users.

The Olifants Management Model Program (Stage I) contributes to the achievement of Sustainable Development Goal (SDG) 6 Ensure availability and sustainable management of water and sanitation for all, specifically Target 6.1 (Universal and equitable access to safe and affordable drinking water for all) and Target 6.4 (Substantially increasing water-use efficiency across all sectors).

The Board approved a loan of up to USD 395 million to the Republic of India for the Hyderabad Elevated Corridor Project.

The Project will improve urban mobility and liveability in Hyderabad, the capital of the state of Telangana and a major economic and technology hub undergoing rapid urbanisation and motorization, by easing congestion and improving connectivity on the city’s two critical arterial corridors. The Project aims to decongest key transport corridors traversing Hyderabad (National Highway-44 and State Highway-01) by implementing two elevated expressways on top of the existing roads.