Cyril Ramaphosa 🇿🇦
Cyril Ramaphosa 🇿🇦|Feb 06, 2025 17:43
We want a nation with a thriving economy that benefits all.   To create this virtuous cycle of investment, growth and jobs, we must lift economic growth to above threepercent.   To achieve higher levels of economic growth we are undertaking massive investment in new infrastructure while upgrading and maintaining the infrastructure we have.   We are developing innovative ways of funding infrastructure.   We are engaging local and international financial institutions and investors to unlock R 100 billion in infrastructure financing.   A project preparation bid window has been launched to fast track investment readiness.   This includes revised regulations for public private partnerships, which will unlock private sector expertise and funds.   Government will spend more than R940 billion on infrastructure over the next three years.   This includes R375 billion in spending by state owned companies.   This funding will revitalise our roads and bridges, build dams and waterways, modernise our ports and airports and power our economy.   Through the Infrastructure Fund, twelve blended finance projects worth nearly R38 billion have been approved in the last year.   These are projects in water and sanitation, student accommodation, transport, health and energy.   Construction of the Mtentu Bridge construction continues.   This bridge will rise above the river between Port Edward and Lusikisiki, and will become the tallest bridge in Africa.   The Polihlali Dam will feed 490 million cubic metres of water a year from the Lesotho Highlands into the Vaal River System, securing water supply to severalprovinces for years to come.   Working with international partners, we are revitalising small harbours, unlocking economic opportunities for coastal communities. #SONA2025 #AWorkingNation
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