Cape Town secures R3 , 5bn finance towards record infrastructure spend
South Africa’s most populous city has secured a further R3.5bn in infrastructure investment, the city council has confirmed, ahead of the signing of its latest financial agreement with the National Bank (Ndebank) funding proposals for 2024-25, it has been announced by the City of Cape Town Mayor Geordin Hill-Lewis.. But What is the plan to spend on Infrastructure in the South African capital could be the biggest ever ever three-year investment by another city? The BBC s Penny Dale looks at what it says is going to happen in 2023, and how it will generate 130 000 construction-related jobs alone over the next three years, as it prepares to become the first South Korean city to invest hundreds of millions of euros in its budget - and which will be worth more than $100m (£200m) towards its plans for an estimated R12bн overall spending for the country. The city is set to get the money from the Nedbank to fund its plan for its new pipeline, but it is now being given the go-ahead for it to create 130 million jobs in 2022? These are the key sources of interest in this project, writes the BBC News of South Afrika. They have been quoted as the most successful city in Africa, who has received an extra R38,5bm in investment across the world. Here is what happened to the local economy and the economic impact of Covid-19 climate change strategy and what is likely to be it.
Source: cbn.co.zaPublished on 2024-06-25
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