The European Investment Bank (EIB) said it’s in talks to loan South Africa money to upgrade its port and freight-rail infrastructure as its first contribution to a decarbonization pact known as the Just Energy Transition Partnership. The loan, the size of which the EIB didn’t disclose, is part of its €1-billion ($1.07-billion) commitment to the JETP, it said in a response to queries on Thursday. The agreement to help South Africa transition away from the use of coal consists of $8.8-billion in climate finance pledged by the European Union, via the EIB, France, Germany, the US, UK, Netherlands and Denmark.