Public Sector Leaders | April 2022

Page 58

NATIONAL INFRASTRUCTURE PLAN BY JESSIE TAYLOR

Building South Africa's economic future through investment in infrastructure

C

onstruction has begun on more than 60 infrastructure projects, which are set to provide South Africa with the boost it needs to kickstart its economy.

focusing on four broad interventions – infrastructure investment, energy generation, employment stimulus and the industrialisation of the South African manufacturing sector.

The 62 projects fall under the National Infrastructure Plan and have been gazetted as Strategic Integrated Projects (SIPS) under the Infrastructure Development Act. This classification allows the implementation of the projects to be expedited.

The ERRP has the potential to create more than 800 000 jobs and unlock more than R1 trillion in infrastructure investment over the next four years, says President Cyril Ramaphosa.

INVESTING IN ECONOMIC POTENTIAL The National Infrastructure Plan (NIP) falls under the government's Economic Reconstruction and Recovery Plan (ERRP). The ERRP aims to build a new economy and unleash South Africa's economic potential by

"Infrastructure has immense potential to stimulate investment and growth, to develop other economic sectors and create sustainable employment both directly and indirectly. We have developed a robust pipeline of projects that will completely transform the landscape of our cities, towns and rural areas," President Ramaphosa says. To facilitate the ease of

58 | Public Sector Leaders | April 2022


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Building South Africa's economic future through investment in infrastructure

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