Government has spent R1 trillion on developing the country’s infrastructure, by the end of 2014.
“The expenditure was in areas such as energy, water infrastructure, sanitation, rail, road-based public transport, and hospital revitalisation among others,” said Minister in the Presidency Jeff Radebe. Speaking on Wednesday during the Vision 2030 Summit, Minister Radebe highlighted the work that is currently underway as part of implementing the National Development Plan (NDP) specifically in infrastructure development. The NDP is aimed at eliminating poverty and inequality by 2030. He said investments in infrastructure will expand South Africa’s economic opportunities.SA a global leader in renewable energy
Minister Radebe told delegates at the summit that investments in the energy sector included the construction of Medupi and Kusile power stations and iNgula Pumped Storage Scheme.
“South Africa has enabled significant investment in the renewable energy sector totalling some R168 billion in the Four Bidding windows announced to date,” he said.
Minister Radebe said South Africa was regarded as a global leader in renewable energy, having approved 79 Independent Power Producer Projects totalling 5 243MW. Some of governments other investments include:- R50 billion from Transnet to manufacture more than 1 000 locomotives.
- R7 billion for investment in the country’s ports by Transnet Ports Authority as part of Operation Phakisa.
- R 9.2 billion of public and private investment for the construction of a new berth in Saldana Bay, the extension of the Mossgas Quay and the refurbishment of the Offshore Supply Base has also been made.
- R4 billion from PRASA on new hybrid locomotives over a 10 year period
- 1 billion for the upgrade of Moloto Road to improve safety and mobility on this road.
- R13 billion on the Research, Development and Support Programme through the Department of Science and Technology.
