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Major transport infrastructure expenditure in 2012 budget

28 Feb 2012

The Government Communication and Information System (GCIS) reports the expenditure on infrastructure is expected to double over the next decade, in line with the country's New Growth Path, as government implements a massive overhaul of South Africa's public transport system. The Transport Department is expected to focus its spending over the next three years on maintaining roads, upgrading rail infrastructure, constructing municipal public transportation and subsiding public transport operations.

This year's budget indicates that R262 billion will be allocated over the next three years in funding for transport and logistics infrastructure. This includes Transnet's spending on pipelines, as well as an expenditure increase on public transport infrastructure from just over R41 billion this year to R48 billion in 2015. R4 billion were allocated for rail rolling stock and R1 billion for the upgrade of signalling and the procurement of depot ahead of the arrival of the new passenger train fleet. The government is keen to maintain the momentum gained from South Africa's investment on infrastructure in the years leading up to the 2010 Soccer World Cup.

Finance Minister Pravin Gordhan's 2012 budget also shows an increase in operational and capital contributions to the South African National Roads Agency Limited (Sanral) to R4.1 billion. According to the GCIS, the Transport Department announced it has begun drafting a rail policy for the country, which it says will guide investment, improve regulation and lead to more reliable, safe and affordable freight and passenger services.

Read the full article on www.buanews.gov.za.