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Home ยป Industry News ยป Gauteng invests R30bn in transport infrastructure

Gauteng invests R30bn in transport infrastructure

The Gauteng Department of Roads and Transport has invested more than R30ย billion in the past three years on public infrastructure projects.

โ€œTheย investmentsย have been on improving our freeway and provincial road networks, the Gautrain, the modernisation of Metrorail and the roll out of bus rapid transit systems in metropolitan municipalities.

โ€œThis is apart from that which has been spent on social infrastructure projects such as schools, hospitals and clinics,โ€ Roads and Transport MEC Ismail Vadi said.

The MEC was addressing the Gauteng Trade and Investment Conference and Exhibition on Wednesday.

โ€œThe injection of funds into transport projects is meant to facilitate improved mobility, allow for social inclusion, stimulate economic growth and enable the development of small and emerging contractors,โ€ MEC Vadi said.

The provincial department has, since 2014, spent over R3 billion undertaking heavy and light rehabilitation of the road infrastructure along various corridors in the province.ย 

โ€œIn the current financial year, the departmentโ€™s allocated budget is R6.8 billion, with R1.9 billion specifically earmarked for transport infrastructure,โ€ MEC Vadi said.

He said the infrastructureย spendย has played a decisive role in pushing forward the empowerment of historically disadvantaged individualsย (HDI)ย and black firms.ย 

In construction and professional services, the department is spending up to 91% of the budget on HDIs.

โ€œIt isย thereforeย critical to ensure that there is true empowerment of small, medium and micro enterprises (SMMEs) so that they become more sustainable and contribute to economic growth and development.

โ€œI would also like to encourage companies to partner with the provincial governmentโ€™sย Tshepo 1 Million initiative aimed at empowering the youth by equipping them with the necessary skills and opening opportunities for them to generate their own income and wealth,โ€ MEC Vadi said.


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Source

SAnews.gov.za

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