JOHANNESBURG – FAR-reaching reforms to fast-track and boost the delivery of infrastructure and attract private sector participation are to be implemented by the government.
This includes the establishment of an infrastructure finance and implementation support agency to coordinate the planning and preparation of large projects.
These reforms are linked to total infrastructure investment planned by the government over the next three years, which the Budget Review reported amounts to R943.8 billion.
This includes investments of R486.1 billion by state-owned companies (SOEs) and public entities, R213.8 billion by municipalities and R224.8 billion by provincial and national government.
Consolidated spending on buildings and other fixed structures will increase by an average of 15.9% over the next three years, the review said.– moneyweb.co.za