By Simon Nare
President Cyril Ramaphosa has announced the establishment of R180 million fund to fast-track construction projects which will help with job creation.
Ramaphosa said the fund would prepare and package infrastructure projects across government departments. This followed recently revised regulations for public-private partnerships.
The president said in his weekly newsletter to achieve the levels of growth the country needed to create enough jobs for its people, infrastructure development was important.
“We need far more construction and more reliable and consistent infrastructure maintenance. That is why infrastructure development is a strategic priority for government.
“Airports, roads, railways, public transit systems, water, energy and telecoms infrastructure all play a vital role in driving economic growth. Infrastructure development has a multiplier effect, driving productivity and job creation, and improving the delivery of basic services,” he said
He added that for many years, capital investment by both the public and private sectors
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