PRIVATE sector partnerships are required to fill a R441 billion gap in infrastructure financing for 55 projects recently announced by the government, Finance Minister Enoch Godongwana said.
The national lockdowns have adversely affected capital investment, contributing to years of sliding infrastructure investment in the country. The government’s Economic Reconstruction and Recovery Plan identifies infrastructure development as critical to speeding up economic growth. National Treasury, the Infrastructure Fund and Infrastructure South Africa have initiatives to improve the scale, speed and efficiency of infrastructure spending. This has mainly involved creating a pipeline of projects, doing project appraisal, and attracting private-sector participation and financing.