funding was secured in 1995 and as a result many projects, including
roads, drainage and schools implemented during the period under
review have been RDP funded. Of the R130m RDP funding, a total of
R82 335 435 had been expended as at December 1998. Figure 3 provides
an illustration of budgeted RDP investment by programme. Cumulative
investment from all sources since inception of the project as at
December 1998 stands at Rl30 307 395 (see figure 4).
In February 1997 a Financing Agreement was signed between the Government
of the Republic of SA and the Commission of the EU granting approximately
Rl50m (see the EU Programme Report).
Financial control of RDP funding is governed by a Memorandum of
Agreement entered into between CMDA, the Department of Local Government
and Housing, the Durban Transitional Metropolitan Council and the
North and South Central Local Council. The Durban Metropolitan Council
co-ordinates the financial control of the project in terms of the
agreement. This requires the release of funds only upon satisfaction
that the proposed expenditure is in accordance with the provisions
of the above agreement.