Infrastructure SA names 12 projects it will unlock in 2024/25
Infrastructure South Africa (ISA) unveiled 12 “infrastructure projects for preparation” for the 2024/25 financial year at the Sustainable Infrastructure Development Symposium South Africa 2024 event in Cape Town, held in March.
These priority projects all face one or more obstacles in becoming a bankable project that would be able to secure funding from the fiscus, and/or the private sector and development finance institutions, such as bulk service provision or securing environmental approval, ISA explained.
ISA will now focus on unblocking these projects to ensure they can proceed.
The projects are:
the R2.1-billion liquid natural gas import terminal in KwaZulu-Natal;
•the R38-billion Durban Container Terminal (DCT Pier 1) project in KwaZulu-Natal;
•the R2.2-billion Berth A100 liquid bulk project in the Eastern Cape;
•the R7.5-billion Ukuvuselela rail project between Gauteng and the Eastern Cape, aimed at assisting car and component manufacturers and exporters;
•a R16-billion project to refurbish health facilities;
•an R8.5-billion schools project in Limpopo and KwaZulu-Natal;
•the R30-billion Eskom Mossel Bay gas project;
•the R35.8-billion Eskom Tubatse pumped hydro storage project;
•the R35.8-billion Rooiwal Phase 2 wastewater project in Tshwane;
•the R5.5-billion Amathole water bulk supply augmentation project in the Eastern Cape;
•the R8.4-billion Nkhomazi Special Economic Zone (SEZ) in Mpumalanga; and
•the multibillion-rand Namakwa SEZ in the Northern Cape.
ISA says gross fixed capital formation reached 14.53% of gross domestic product in 2022, inching up to 15% in the third quarter of last year.
The private sector contributed 10.3% against a target of 20%.
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