Gauteng Infrastructure Projects 2000

Posted On Friday, 15 February 2002 02:00 Published by eProp Commercial Property News
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Infrastructure - The hot topic for the new millennium

Clearly, one of the major recurring themes that has emerged from the foregoing nodal commentary has been that of infrastructure provision. Throughout the province, if not the entire country, there are growing concerns regarding inadequate infrastructure - both in terms of maintenance and new investment. In fact, the pressing nature of infrastructure maintenance and capex could make infrastructure the most critical issue for the property development market into the next millennium.

Property-Housing-ResidentialProperty managers throughout Gauteng have tended towards a 'self-help' approach. Investors and developers are becoming accustomed to contributing to infrastructure costs for their development projects. Talk of development levies on commercial and industrial property has been raised in other provinces, with the result that the issue of ring-fencing infrastructure contributions has become a major one.

Infrastructure lays the foundation for development, be it residential or commercial and industrial. As one indicator of the scope of work currently being undertaken to ensure infrastructure investment, the Development Bank of Southern Africa reports that it approved R4,305 million of funding for infrastructure projects during fiscal 1997/9. These projects in total are valued at R13,500 million.

In Gauteng province, the DBSA funding was allocated for a diverse range of projects for various different recipients. Eight projects received funding from the DBSA in 1997/98. While three were for educational and community-related projects, five were for direct infrastructure investment:

It is noteworthy that the funding for infrastructure projects has been wholly awarded to metropolitan authorities.


Last modified on Thursday, 15 May 2014 13:17

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