South Africa
Construction Infrastructure & Utilities
Submit newsAdvertiseSubscribe
NewsPress Office NewsCompaniesJobsEventsPeopleMultimediaFeaturesOpinion
AdvertiseSubmit news

Industries

All industriesAgricultureAutomotiveConstruction & EngineeringEducationEnergy & MiningEntrepreneurshipESG & SustainabilityFinanceHealthcareHR & ManagementICTLegalLifestyleLogistics & TransportManufacturingMarketing & MediaPropertyRetailTourism & Travel

Features

Women's MonthBizTrendsBizTrendsTVOrchids and OnionsThe Lead CreativeMore Sections..

In the news

Simply Financial ServicesEnquire about a company Biz Press Office
Agriculture
Automotive
Construction & Engineering
Education
Energy & Mining
Entrepreneurship
ESG & Sustainability
Finance
Healthcare
HR & Management
ICT
Legal
Lifestyle
Logistics & Transport
Manufacturing
Marketing & Media
Property
Retail
Tourism & Travel

News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

Submit content

My Account

Advertise with us

Subscribe & Follow

Trending

2 days 7 days 30 days By Industry
Advertise your job vacancies
    Post your Job Ad here >>
    Search jobs

    #SONA2022: Construction to resume on multi-billion rand pipelined projects

    Several catalytic projects to the value of R21bn are expected to start construction this year, said President Cyril Ramaphosa, delivering the 2022 State of the Nation Address on Thursday, 10 February.
    11 Feb 2022
    11 Feb 2022
    Source: Lev Kropotov ©
    Source: Lev Kropotov © 123RF.com

    “Of this, R2.6bn is contributed by government and the balance is financed by the private sector and development finance institutions.

    “Government will make an initial investment of R1.8bn in bulk infrastructure, which will unlock private sector projects to the value of R133bn,” he said.

    The Infrastructure Fund is central to this effort, with a R100bn allocation from the fiscus, Ramaphosa noted.

    He also highlighted that the WeliSizwe Rural Bridges Programme, being implemented by SANDF engineers in bridge construction, is being upscaled to deliver 95 bridges a year from the current 14.

    Read more: infrastructure investment, infrastructure fund, SONA 2022
    Share this article
    NextOptions

    Source: SAnews.gov.za

    SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.

    Go to: http://www.sanews.gov.za
    OptionsNext
    Related
    Top stories
    More news
    Let's do Biz