The KwaZulu-Natal government is set to roll out a mega infrastructure programme which will change the face of the province for many more years to come.
This is according to KwaZulu-Natal acting Premier Sihle Zikalala. Speaking at the two-day BRICS Business Council meeting in Durban on Sunday Zikalala told delegates that the province was open for business, adding that the overall government infrastructure expenditure for the province would exceed R200 billion over the next seven years.
The infrastructure development would further make doing business in KwaZulu-Natal easy and cost effective.
“The infrastructure development programme involves road construction, air-freight, rail, provision of water and sanitation, services, electrification and a major focus on the maritime industry. We are encouraging partnerships between the public and the private sectors to maximize investments and grow the economy together using the infrastructure as a catalyst,” said Zikalala.
Oceans economy a key focus area
Zikalala said KwaZulu-Natal was focusing on the oceans economy because of its strategic location along the ocean.
“We wish to indicate that the Oil and Gas industry presents many opportunities for partnerships in this province. The Richards Bay Industrial Development Zones which is located in the Port of Richards Bay is being developed as a site and an anchor for energy infrastructure – especially Gas,” he said.
Zikalala told delegates that KwaZulu-Natal’s special economic zones at Dube Trade Port and the Richards Bay Industrial Development Zone, offered an attractive corporate tax regime that ensures greater value for investors.
Fostering inclusive growth
The KZN One Stop Shop located in Durban provided an easy point of entry for potential investors, he noted.
“It is geared to assist business people with the all the necessary support to set up business in our province and to ensure the elimination of red-tape in getting their business started.”
Government would ensure that potential investors are directed to various corners of this province, especially local municipalities.
“As we rebuild these municipalities to become dynamic engines of economic development, we want to ensure inclusive economic growth, redistribution of wealth and the creation of an equal society.”