The cranes and yellow equipment that we have longed to see across the landscape of our country will once again soon be an everyday sight.
The Infrastructure Fund implementation team has finalised the list of shovel-ready projects and has begun work to expand private investment into public infrastructure sectors with revenue streams.
The team has a project pipeline with potential investments of over R700 billion over the next ten years, including both government and non-government contributions.
Infrastructure development was a key focus in this year’s National Budget, with the Infrastructure Fund set to receive R100 billion over the next decade. Over the next three years, general government infrastructure investment plans will amount to R526 billion.
Social housing programme
The social housing programme to build rental housing for low-income families is at implementation stage, with the potential to leverage as much as R9 billion of private investment in the construction of 37, 000 rental apartments.
We are determined to overcome the financial and other challenges that have held back progress on the Umzimvubu Dam project in the Eastern Cape.
Road construction on the site has commenced, and President Cyril Ramaphosa will soon be visiting the site to ensure that work moves forward.
A new smart city
A new smart city is taking shape in Lanseria, which 350,000 to 500,000 people will call home within the next decade.
The process is being led by the Investment and Infrastructure Office in the Presidency alongside the provincial governments of Gauteng and North West, working together with the cities of Johannesburg, Tshwane and Madibeng.
Working with development finance institutions, we have put together an innovative process that will fund the bulk sewerage, electricity, water, digital infrastructure and roads that will be the foundation of the new city.
It will not only be smart and 5G ready, but will be a leading benchmark for green infrastructure.
Between 350,000 and 500,000 people will call the new ‘smart city’ home within the next decade.
The release of high-demand spectrum is essential for expanding broadband access and supporting economic activity.
The Independent Communications Authority of South Africa (ICASA) will conclude the licensing of spectrum for industry via auction before the end of 2020.
Because of additional requirements, the licensing of the wireless open-access network (WOAN) is likely to be completed during the course of next year.