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KZN's capital budget reaches R15bn
KwaZulu-Natal has increased its capital budget from R11bn to R15bn for the coming year and this money will be invested in various infrastructure projects to improve roads, schools and the health sector.
(Image: GCIS)
Business Report says that Premier Zweli Mkhize announced the increase in his State of the Province address in the Pietermaritzburg legislature on Tuesday.
He referred to the major projects being undertaken by Transnet to improve the ports of Durban and Richards Bay that will see the parastatal investing more than R80bn in the province over the next seven years.
Mkhize says a priority project currently under investigation is the establishment of a railway link from King Shaka Airport to Durban with stations at Ballito and Umhlanga. Moreover a new business express train service between Pietermaritzburg and Durban is part of a R5bn investment in the railway network. The express service will start operating in April.
He says that Eskom will invest at least R22bn in the province through projects such as the Ingula Pump Station in the Drakensburg that will see 1300MW of electricity being provided to the national grid once it is completed in 2014.
For more:
- Business Report: KZN infrastructure boosted by billions
- kznonline website: KZN State of the Province Address
