Cabinet has adopted a new infrastructure implementation model to help address sluggish infrastructure development.
Speaking at the 2019 State of the Nation Address (SONA 2019) in Cape Town, President Cyril Ramaphosa said that although the country had made significant progress with the provision of infrastructure over the past five years, infrastructure development had slowed down. According to Ramphosa, cabinet’s new infrastructure implementation model will be underpinned by the infrastructure Fund announced in September last year. Through the new this model government has committed to contribute R100 billion over a 10 year period to the infrastructure fund as well use this to leverage financing from the private sector and development finance institutions. Ramaphosa noted that government’s first step towards improved implementation would be expanding on projects currently underway already, such as student accommodation.Government adopts new infrastructure implementation model
Feb 11, 2019 | News