Budget 3.0: R1 trillion allocated to infrastructure projects, says Godongwana
CAPE TOWN - Infrastructure continues to be the anchor of the 2025 budget, with more than R1 trillion to be pumped into several projects over the next three years.
According to the National Treasury and Finance Minister Enoch Godongwana, the public sector will spend most of the money, as it invests in economic infrastructure.
Moreover, the funds will be mostly led by state-owned companies.
Tabling the highly anticipated third version of the budget, Godongwana says quality infrastructure investment strengthens productive capacity and creates jobs.
ALSO READ: Budget 3.0: Economists speculate Godongwana could lift freeze on fuel levy
The latest budget says the proposals outlined in the March 2025 budget review on infrastructure investments remain unchanged.
During that March budget, Godongwana said public infrastructure spending in the medium term would amount to more than R1 trillion, focusing on the three sectors of transport, water and energy.
Today's budget continues on the same path, with billions earmarked for strategic infrastructure for the next three years.
"Public infrastructure spending over three years will exceed the R1 trillion mark. This spending will focus on maintaining and repairing existing infrastructure, building new infrastructure and acquiring equipment and machinery."
Godongwana says the largest investment will go to transport and logistics at R402 billion, with R93 billion of that going to the South African National Roads Agency (SANRAL) to maintain the country's 24,000 km national road network.
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