President Cyril Ramaphosa says 276 infrastructure development projects have been identified across the country which, if fully implemented, would help revive the country’s economy.
Ramaphosa was speaking at the Project Preparation round-table in Johannesburg this week and says the projects have been identified in collaboration with the private sector.
He says the investment value of the projects is estimated at more than R2.7-trillion.
President Ramaphosa says the large number of infrastructure development projects that will be launched is aimed at creating more employment-opportunities for South Africans.
He says the projects would also help rebuild the country’s economy after the covid-19 pandemic.
The President the recently launched National Infrastructure Fund will play a major role in this strategy.
He says the projects include large-scale projects across South Africa.
President Ramaphosa says proper preparation and planning, before launching costly-construction and infrastructure projects, will reduce instances of corruption.
He says even though project preparation is often costly, it boosts transparency, and will help attract private-sector investment.
[Photos] President Cyril Ramaphosa at the Infrastructure South Africa #ISA Project Preparation Round-Table and Market Place. Another key priority intervention is promoting aggressive infrastructure investment and supporting its delivery #GrowSouthAfrica pic.twitter.com/MxdtD3HUbJ
— South African Government (@GovernmentZA) November 3, 2020