Approval forthcoming for Boikarabelo rail project funding, says Resgen

ASX-listed Resource Generation (Resgen) is finalising the funding approval for the Boikarabelo coal project rail link. The company is busy securing the investment committee and board approval for the nonbinding equity and debt term sheets between its subsidiary Ledjadja Coal and Pan African Infrastructure Development Fund and PAIDF2, under Harith General Partners’ management, for the funding.