Ramaphosa: Economy cannot grow without infrastructure investment
President Cyril Ramaphosa has underscored the significance of infrastructure investment for South Africa's economic growth.
Speaking at the Sustainable Infrastructure Development Symposium in Cape Town, Ramaphosa stressed the need for public-private partnerships to explore infrastructure investment opportunities.
Hosted by the Department of Public Works and Infrastructure, the symposium aims to shape conversations on regulatory reforms and innovative funding models.
Ramaphosa said projects worth nearly R170 billion are currently underway.
“It is significant that blended finance projects, which leverage private sector financing, are also growing steadily.
“In this calendar year, eleven such projects, with a total investment value of R45 billion, are expected to reach financial close.”
The president told delegates there had been a focus on the unblocking of multiple government authorisations, permits, licences and exemptions.
“To date, Infrastructure South Africa has unblocked a total of R25 billion worth of projects in the renewable energy space using the Infrastructure Development Act to fast-track government authorisations.
“Among the strategic integrated projects, the energy portfolio has the biggest project pipeline, covering transmission, gas, renewables and green hydrogen.
“The project pipeline comprises more than 100 projects amounting to R240 billion.”
ALSO READ:
