Overview
Trans-Caledon Tunnel Authority (TCTA) is a state-owned entity charged with financing and implementing bulk raw water infrastructure projects. It is an agency of the National Department of Water and Sanitation (DWS), which is responsible for the country’s water resources in respect of usage, equitable allocation and distribution. TCTA assists the government in its pursuit of water security for South Africa and in realising its constitutional obligation of ensuring universal access to this essential resource for all citizens.
South Africa is a water-scarce country, requiring a dedicated focus on ensuring adequate water storage and transfer capacity. To this end, TCTA designs bankable projects, raises funding in capital markets, manages debt and implements infrastructure rollouts.
It is a specialised liability management body the government uses to finance and build dams and transfer schemes off budget while within an acceptable risk framework and in the most cost-effective manner.
TCTA is a state-owned entity, established in terms of Government Notice No 2631 in Government Gazette No 10545, dated 12 December 1986. The notice was replaced by Government Notice 277 in Government Gazette No 21017 dated 24 March 2000, promulgated in terms of the National Water Act, 1988(Chapter 10).