Construction Management Foundation

The growth resulted mainly from increased activity in civil construction, while the building sector remains sluggish due to low demand for new residential buildings and elevated interest rates. Growth in gross fixed capital formation is expected to continue into 2024. #Budget2024

The National Water Resources Infrastructure Agency Bill was introduced in June 2023, with plans to establish the National Water Resources Infrastructure Agency by March 2025.

Transnet is expected to finalize its partnership with a private company by April 2024 to upgrade Pier 2 of the Durban Container Terminal. The Port of Durban handles 46% of South Africa’s port traffic, and this joint venture will increase private investment. #Budget2024

The limits on the ability of accounting officers to cancel key projects that have passed the feasibility stage will provide greater security to investors. #BudgetSpeech

The proposed amendments out for public comment are intended to encourage more regular use of PPPs and revive the pipeline, harnessing private financing and capitalizing on private-sector efficiencies. Red tape will be reduced by granting exemptions for projects valued below R2bn

The agency will incorporate the functions of project preparation, PPP technical support and data management. Departments, public entities and municipalities will be able to use its services to prepare, plan and execute projects

Total infrastructure investment planned by the government over the next 3 years amounts to R943.8bn. This includes investments of R486.1 billion by state-owned companies and public entities, R214bn from municipalities & R224.8bn from provincial & national governments. #Budget2024

We are introducing several new financing instruments, such as infrastructure bonds and concessional loans. As part of this, a flow-through tax vehicle for specific infrastructure projects, similar to trusts and other investment vehicles, is being considered.

We are also consolidating similar functions to reduce duplication and inefficiencies. The intention is to fast-track delivery, particularly of blended finance arrangements. #Budget2024

We are reviewing institutional arrangements and governance for catalytic infrastructure. The intention is to create clearer mechanisms for accountability, cooperation and coordination. #Budget2024

We gazetted the amendments to the PPP framework for comments earlier week. The changes seek to reduce the procedural complexity of undertaking PPPs, create capacity to manage PPPs, formulate clear rules for managing unsolicited bids & strengthen the governance of fiscal risk.

"Madam Speaker, I am proud to announce that as part of this budget, we are introducing fundamental and far-reaching reforms to infrastructure financing and delivery. The reforms are to optimise the infrastructure value chain to be effective and efficient." #Budget2024

Join us on the 29th of February 2024 for our inaugural Post Budget Infrastructure Dialogue taking place. The keynote address will be delivered by Deputy Minister of Public Works & Infrastructure, Hon Bernice Swarts. bit.ly/4bTlgki

Join us on 15 February 2023 as we commence with our National Infrastructure Policy Dialogue as we discuss various issues on the National Infrastructure Plan 2050. To attend, register here bit.ly/3JELI5m

Join us on 15 February 2023 as we commence with our National Infrastructure Policy Dialogue as we discuss various issues on the National Infrastructure Plan 2050. To attend, register here bit.ly/3JELI5m

SANRAL has awarded four major construction tenders collectively worth nearly R7bn for projects in KZN & the EC, which will help boost the construction sector and should be seen as part of the broader national effort by govt to invest in infrastructure. engineeringnews.co.za/articl…

Cape Town Mayor Geordin Hill-Lewis has launched a R120-billion infrastructure portfolio that is poised to form the foundation for economic growth in the city for the next ten years. engineeringnews.co.za/articl…