Gauteng Infrastructure Projects 2000

Posted On Friday, 15 February 2002 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

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

Most Popular

Residential property market gathering momentum, says Eazi Real Estate

Nov 18, 2020
Parklands_3_bed_sale_R1.999m_Eazi_Real_Estate
In this last quarter concluding in December 2020, the residential property market…

Lockdown impacts buying trends of generations of home buyers

Nov 15, 2020
Andrew_Golding_Golding_PropertyGroup
The Covid-19 pandemic and lockdown has been a catalyst for highlighting the different…

Second-hand shopping is being revolutionised and expanding the circular economy

Nov 18, 2020
EPP CEO_Tomasz Trzoslo
Conscious consumers are championing the resale of goods to reduce waste and extend the…

Pam Golding Properties awarded Best Real Estate Agency in South Africa in International Property Awards

Nov 18, 2020
IPA Awards Pam Golding Properties 2020 - 2021
Competing against real estate companies from around the country, this is the 14th year…

SA commercial real estate delivers in excess of 12% yield on equity

Nov 18, 2020
Steven_Brown (1)
A silver lining amongst the many dark clouds dominating South Africa’s current economy…

Please publish modules in offcanvas position.