Government will seek to find innovative ways to encourage private sector participation in infrastructure development to achieve the R3.2trn infrastructure dream unpacked by President Jacob Zuma earlier this year in his State of the Nation Address.
Speaking at the 4th Tshwane International Trade and Infrastructure Investment Conference that is being held in Pretoria at the CSIR, Gigaba said that private sector investment in the local economy has become even more crucial with the big infrastructure drive announced by the president.
Zuma unpacked the plan in his State of the National Address, with 17 key infrastructure programmes around the country for completion over the next two decades.
Gigaba said that while some of the money is available for the infrastructure roll-out programme, much still needs to be funded.
“The government has identified various funding models including the possibility of an infrastructure fund, public-private partnerships, public-public partnerships, and other models in order to unlock the balance sheet of the private sector,” Gigaba said.
Exciting times for us all.
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Posted by: daisymae | September 11, 2012 at 01:43 PM