New infrastructure fund could be significant for GDP growth – Public Works Minister

John Maytham speaks with Dean Macpherson, Minister of Public Works and Infrastructure.

Listen below.

Infrastructure development is essential for economic growth in South Africa.

The new Infrastructure South Africa (ISA) fund aims to assist the state in launching and completing more essential infrastructure projects.

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The fund works by opening a bid window in which arms of the state can approach ISA to get funding to launch projects.

Macpherson says this could contribute significantly to GDP growth.

He adds that this fund could increase private sector involvement in these projects because ISA has a strong reputation.

He says they are looking to fund projects in key sectors including water and sanitation, transition and energy, roads and rail.

“I have already had a few phone calls from various leaders in government expressing their interest.”

- Dean Macpherson, Minister of Public Works and Infrastructure

“We are committed to making sure we turn South Africa into a construction zone.”

- Dean Macpherson, Minister of Public Works and Infrastructure

Scroll up to the audio player to listen to the interview.