Johannesburg - Under the stress of current economic
and financial circumstances some infrastructure projects may need to be
deferred, while others may be brought forward, Deputy Minister of Finance
Nhlanhla Nene told Parliament on Wednesday.
However, he said the country could take pride in the performance of its
construction sector in completing several stadium projects in time for the
Confederations Cup, and next year the country will showcase ten magnificent
stadiums on an even larger world stage.
An important phase of the Gautrain project will be completed for 2010, and
a number of major road network improvements and hotel expansions will also be
completed in time for the increased visitor and traffic flow in a year's time,
he added.
"There will be a brief lull in construction in the middle of next year, in
order to minimise disruption during the World Cup, but then we will get back to
work again," Nene said.
"The next phase of Gautrain and of the Gauteng Freeway Improvement
Programme will continue. Major electricity supply construction projects are
already scheduled for the next five years and beyond. The rail freight and
passenger service rehabilitation programmes have just begun. The momentum of
investments in water infrastructure and reticulation needs to gain further
impetus. There is still much to be done in improving rural roads and land
conservation works," Nene said.
He added that demand for electricity over the next two or three years is
likely to be somewhat lower than was projected a few years ago.
"It seems clear, on the other hand, that we need to accelerate investment
in housing and rural infrastructure associated with agricultural development
opportunities."
- I-Net Bridge