CAPE TOWN: Spending on infrastructure by public sector institutions rose 13.5% in nominal terms from R224.8bn in the 2012-13 financial year to R255.1bn in 2013-14, Statistics SA’s capital expenditure survey showed on Wednesday.
Government is spending billions of rand on infrastructure development in efforts to lift faltering economic growth. Public corporations reported the largest share of capital expenditure with 55%, followed by municipalities with 21%, provincial government with 12%, national government with 5%, extra-budgetary accounts and funds with 5%, and higher education institutions with 2%.
Public corporations spent R140bn, with the main projects being the ongoing construction of the power generation projects at Kusile and Medupi (R49.8bn), followed by capital expenditure of R13.4bn for railway rolling stock, and road logistics infrastructure roll-outs. Municipalities spent R53bn, national departments spent R14bn, extra-budgetary accounts spent R12bn, while higher education institutions spent R5bn.
