Close

Finance Minister Tito Mboweni has identified four factors that could help the country improve its rate of infrastructure delivery.

Delivering his maiden Budget Speech in parliament on Wednesday the minister noted that while government already spends a lot on infrastructure it would reprioritise resources from the wage bill towards the President’s Infrastructure Fund.

“Four things will get us better infrastructure,” Mboweni said. “First is to create a sensible project pipeline. Second, is streamlining the law to make it easier to build. Third, is better information for everyone, and finally, is to actually build,” he explained.

In this regard, the minister highlighted that the Infrastructure Fund would help accelerate R526 billion worth of on-budget projects by bringing in the private sector and development finance institutions.

“The infrastructure fund is a central pillar of the Budget and of reprioritisation,” he said.

“In several instances the private sector will design, build and operate key infrastructure assets. In addition, government will commit R100 billion over the next decade,”  he continued.

Prioritising rural roads and water

Turning to the projects currently underway and the minister said government was working on a
wastewater treatment facility works in the Vaal, a solar water geyser programme and student
accommodation.

“R625 million is allocated to the Development Bank of Southern Africa, the Government Technical Advisory Centre and the Presidential Infrastructure Coordinating Commission to strengthen project preparation in this context and on a speeded up basis,  projects based on rural roads and water will be prioritised.”

 

Additional Reading?

Request Free Copy