MasterBuild Africa

SOUTH AFRICA: US$ 70m to be spent on infrastructure development in Gauteng

Posted on

The Government of Gauteng in South Africa has set aside US$ 70M to help build and improve upon the infrastructure in the province. This is to boost the township’s economy within the next five years.

According to David Makhura, the Premier of the province; this is in a bid to make the township a critical player in the economy of Gauteng. The Government was also looking to double the economy of the region and expand it to US$ 0.14trillion in the next 15 years.

Premier Makhura also noted that the Provincial Government of Gauteng was looking at seven intervention schemes to help grow the township’s economy. Some of the schemes include: skill development, financial assistance and internal investments. His government was also ensuring that a proper legal and regulatory framework was being put into place.

In addition, the government would invest billions for the revitalization of the public transport system. Also, US$ 4.24m has been pledged for the current financial year for the construction of proper infrastructure to boost businesses in the region.

Source: ConstructionReviewOnline

Leave a Reply

Your email address will not be published. Required fields are marked *