Spatial planning and infrastructure underpin Gauteng’s growth plans GDP growth is directly related to infrastructure investment.
Credit: Coega Development Corporation
R100-billion will be spent on infrastructure projects in the province by a variety of stateowned enterprises (SOEs) and national departments in the next decade. The overall estimate for the injection of capital related to infrastructure, including private initiatives, is calculated at R760-billion in the period to 2030. A 15-year Gauteng Infrastructure Master Plan has been adopted but multiple sources of funding are needed for the plan to succeed in areas such as the provision of water, logistics, broadband connectivity, public transport, energy and the reshaping of cities to accommodate citizens in a better way than was the case under apartheid. A World Bank report has shown that a 10% increase in infrastructure spending results in a 1% growth in GDP. Gauteng began laying the groundwork for
nfrastructure spending and areas dedicated to specific kinds of manufacturing are intended to drive economic growth in the Gauteng Province. Both concepts fall within broader national plans to boost industrialisation through various kinds of Special Economic Zones (SEZs) and infrastructural initiatives. A number of national and provincial planning frameworks inform the planning of Gauteng’s economic future. These include the National Development Plan, Growing Gauteng Together (GGT 2030), Gauteng 2055 Vision and the City of Johannesburg’s Growth Development Strategy and Spatial Development Framework. The Gauteng Provincial Government will spend R60-billion on building and maintaining infrastructure in the five years to 2025. The provincial authorities further estimate that about
GAUTENG BUSINESS 2020/21