South Africa’s crisis-ridden construction industry has received a boost, with the SA National Roads Agency (Sanral) reporting that it will issue major road construction tenders to the value of more than R40 billion over the next two to three years.
The expenditure commitment has been welcomed by various organisations and analysts, with Sanral confirming that its roads network forms the backbone of the country’s transport system and serves as a catalyst for balanced economic growth, business confidence, investment and the transformation of society.
Louw Kannemeyer, the engineering executive at Sanral, says National Treasury has allocated about R21.5 billion a year for the maintenance and improvement of Sanral’s 19 262km non-toll network, which is going towards a total of 940 projects, 325 of which are already under construction.
Not just one or two R500m projects …
Kannemeyer says the new projects will include about 90 major capital works projects larger than R500 million each, which will go out to tender during the three-year medium-term period.
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