February 28, 2012 15:19 PM
Massive Overhaul Of South Africa’s Public Transport System In The Works
PRETORIA, Feb 28 (BERNAMA-NNN-BUANEWS) — A massive overhaul of South Africa’s public transport system is set to be implemented over the next decade with expenditure on infrastructure expected to double over the period in line with the country’s New Growth Path development strategy.
As this year’s budget indicates, the Treasury wants the Transport Department to focus its spending over the next three years on maintaining roads, upgrading rail infrastructure, constructing municipal public transportation and subsiding public transport operations.
Government and state enterprises are expected to allocate funding estimated at 262 billion Rand (US$1 = about 7.55 Rand) over the next three years to transport and logistics infrastructure.
This includes spending on pipelines by Transnet — the state-owned company running the national transport businesses, including ports, Petronet, Metrorail, Transtel, and South African Airways — which accounts for 27 per cent of the total public sector infrastructure budget over the period.
The Treasury’s Budget Review also estimates an expenditure increase on public transport infrastructure from just over R41 billion this year to R48 billion in 2015, with the larger chunk of the money (over R20 billion) going to road transport.
South Africa’s investment on infrastructure gained momentum in the years leading up to the 2010 FIFA World Cup and the government wants to ensure that this growth is being supported by a well maintained road network and effective public transport system.
Transport Minister Sibusiso Ndebele is expected
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