Joburg budget a record R52 billion

City of Joburg

City of Joburg

JOHANNESBURG, (CAJ News) – MULTIMILLION Rand investments in economic and social infrastructure to drive Johannesburg’s future growth and development have featured prominently in the City’s R52-billion 2015/2016 Budget.

Housing, roads, security and the upgrading of ageing infrastructure all received significant slices from the record budget by the Member of Mayoral Committee for Finance, Geoffrey Makhubo, on Tuesday.

The City’s Corridors of Freedom of programme, to stimulate development
along priority corridors, will be a catalyst to attract private sector
investment and increase the delivery of bulk infrastructure.

The Rea Vaya transport system would double the number of passenger trips per day by the end of 2016, making public transport a viable option for commuters.

Meanwhile, the first of Metrobus’ new dual fuel ‘green fleet’ will be
delivered in June and the remainder of the 150 buses introduced over the
next 18 months.

Some of the existing fleet will also be converted to run on both gas and

Makhubo said mixed development in Lufhereng and Fleurhof – one of the
largest integrated housing programmes in the country – will offer
communities various residential options, including RDP housing, social
rental and affordable bonded housing.

Bulk infrastructure, including roads and storm water systems, are being
delivered in areas such as Kliptown, Diepsloot, Braamfischerville, Orange
Farm, Rabie Ridge and Eldorado Park.

In the past year the City has resurfaced 623 kilometres of existing tarred roads – a 700 percent increase over the previous period – and a further 2 277 kilometres of gravel roads were graded.

Makhubo meanwhile announced that R210-million had been allocated towards the Integrated Operational Centre that will improve public safety and Johannesburg’s ability to respond to disasters.

An analytics centre will add to the existing CCTV network.

– CAJ News





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Posted by on May 26 2015. Filed under Featured, Finance, Finance & Banking. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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