SA road network needs R75bn over the next five years

A total of R75 billion needs to be invested over the next five years to stop the decline of South Africa’s road network, according to Transport Minister Fikile Mbalula.

“It is for this reason that we must conceptualise a new public transport funding model that includes funding for requisite infrastructure,” said Mbalula. Government, taking due regard of one of the key objectives of infrastructure as job creation and sustainable economic growth, “recognises private sector investment as a key tenet to investments through blended finance and public-private partnerships [PPPs]”.

That is what you pay for 28 years of neglect...

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA plans to borrow additional $11bn on global capital markets in next three yearsTreasury says the market funding will be used to meet SA’s foreign currency commitments
Source: BDliveSA - 🏆 12. / 63 Read more »

Huawei aims to grow cloud business in SA - IT-OnlineKathy Gibson is at Techscape 2022 – Huawei South Africa has reiterated its commitment to growing its presence and headcount in South Africa as it drives digital transformation in key markets. As a Level 2 B-BBEE company, the organisation has 1 400 employees, creating 70 000 indirect jobs inside the country, says Christo Abrahams, executive industry solutions […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »

COVID-19: SA records more than 2400 cases and 7 deathsCOVID-19: SA records more than 2400 cases and 7 deaths South Africa recorded more than 2400 new COVID-19 cases on Thursday. The country has nearly 35 000 active cases
Source: TheSAnews - 🏆 25. / 59 Read more »

Is job reservation in reverse in post-apartheid SA of reconciliation?Does Indians, coloureds and whites – no longer bother to apply for certain executive positions in the country as they are perceived to be the preserve of black South Africans. There are a great many whites that do not apply for most positions anymore because they don't get it because of their skin colour. Waiters, till operators in stores, Uber drivers, bus drivers, train drivers, pilots, executives, nurses, doctors, vets ..... the list goes on and on.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

By the numbers | Rhino poaching in SA451 rhinos were killed by poachers for their horn in SA in 2021 There’s no greater joy than having financial freedom and a life free of debts, that’s why I keep posting comments about TreytonAdam who guided me trading online
Source: FinancialMail - 🏆 20. / 63 Read more »

By the numbers | Omicron BA.2 takes over in SAClose to 100% of Covid infections in SA are Omicron BA.2, a subvariant that is on the rise globally Nooooo 😱😱😱 how shocking, must we be fearful and hide There’s no greater joy than having financial freedom and a life free of debts, that’s why I keep posting comments about TreytonAdam who guided me trading online
Source: FinancialMail - 🏆 20. / 63 Read more »