R94bn for Gauteng infrastructure projects

29 January 2015

Gauteng will spend over R94 billion on social and economic infrastructure projects over the next three years, Finance MEC Barbara Creecy said on Wednesday.

“By investing in social and economic infrastructure, including quality public transport, re-engineering the province’s spatial framework in new human settlements, mainstreaming township economies and providing quality health care and education, we intend to put our global city region on a new trajectory of integrated development and social and economic inclusion,” MEC Creecy said.

Speaking at a conference on innovative infrastructure financing resources and pooled financing mechanisms for South African municipalities, MEC Creecy said Gauteng Premier David Makhura had established the Provincial Infrastructure Coordinating Committee (PICC).

“This forum has already identified a common list of priority infrastructure projects which the province and the cities agree must be funded over the next 15 years.

“We see this as an important step in giving investor certainty in relation to priority areas for investment,” MEC Creecy said.

MEC Creecy said both the public and private sectors can play an important role in financing infrastructure investment.

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