STAFF REPORTER
THE South African government has pledged hundreds of billions of rand in infrastructure that will create thousands of jobs, according to public works department.
“Government has also committed R100 billion over 10 years to the Infrastructure Fund,” Minister of Public Works and Infrastructure Patricia de Lille said at a press briefing.
“The Infrastructure Fund is already encouraging private investors to help us build capability for infrastructure delivery within the state and to develop blended financing models. What is also new is that the new methodology assesses the projects in terms of how they will advance the national development goals, including the National Development Plan and the National 7 key priorities of the 6th Administration of and the African Union Agenda 2063.”
De Lille also noted that R340 billion would go to the private sector for 62 infrastructure development projects that the state recently approved.
She said a number
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