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Looking at ways to channel private funding into rail infrastructure

4 Nov 2011

Engineering News reports that Public Enterprises Minister Malusi Gigaba planned to have a series of engagements with rail customers, as well as with the banks, pension funds and Development Finance Institutions (DFIs) to discuss ways of releasing additional resources for infrastructure developments.

According to the Engineering News report, speaking at the Southern African Railway Association conference in Gauteng, the Minister said the country and the region needed to raise infrastructure investments to 10% of gross domestic product (GDP) on a sustained basis, in order to stimulate economic growth and development.

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