Public Works Minister Patricia De Lille says 62 projects have been identified for implementation as part of her department’s new Infrastructure Investment Plan.
She says 50 projects are ready for investment and implementation while a further 12 special projects, of which five had an additional focus of mass employment, were identified in the plan.
The projects are part of the Economic Recovery Plan announced by President Cyril Ramaphosa recently and are focusing on job creation among other things.
President Cyril Ramaphosa presents the Economic Recovery Plan:
At a media briefing, the minister says steps have been taken to remove the constraints that have hampered infrastructure delivery in the past.
In addition to big infrastructure building and maintenance projects, De Lille says there will also be localised mass employment projects.
Economic Recovery Plan
Delivering the Medium-Term Budget Policy Statement yesterday Finance Minister Tito Mboweni said that if all efforts are put into implementing the Economic Reconstruction and Recovery Plan, economic growth will be accelerated to 3% of more.
Mboweni forecast the economy to grow by 3.3% in 2021, 1.7% in 2022 and 1.5 % in 2023.
Mboweni said that the implementation of the plan will secure fiscal sustainability and build the economy better than before.
Minister Tito Mboweni delivers the Medium-term Budget Policy Statement:
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