JAMES FORMBY: Building hope: infrastructure plans need fresh skills and finance models

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The promise of much-needed projects is a boost, but the government needs to get a move on

here has been some progress towards the rollout and repair of SA’s planned infrastructure and existing infrastructure, but it is worryingly slow. We must see the acceleration of infrastructure development in 2022 or face further economic headwinds.he Infrastructure Fund, announced by the president in 2018, was laudable in its goal of jump-starting infrastructure-led growth in SA as the country struggles to emerge from the effect of the Covid-19 pandemic.

While these developments are positive, energy procurement is still too slow and mired in red tape. It is also encouraging to see the government come to market with requests for information for various government infrastructure programmes. Developing a project from concept to approval stage requires a diverse mix of skills. Major skills gaps in any discipline prevent the development of a project plan of sufficient quality to get to a stage where it can be brought to market. Financial skills appear to be in particularly short supply.ncreasing the use of public-private partnerships will be fundamental to SA’s infrastructure development success.

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 /  🏆 12. in PT
 

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