South Africa is committed to finding the necessary resources needed to revitalise and expand the country’s rail network as well as other public infrastructure, according to Public Enterprises Minister Malusi Gigaba. Gigaba said for infrastructure investment to be at the levels where it could properly stimulate the economy it had to reach 10% of gross domestic product. “In order to fund our expanded and accelerated infrastructure programme we have commenced a process of engaging with our development finance institutions to see how we can leverage their balance sheets,” said Gigaba. “We are also engaging with our big customers, banks and pension funds to see how we can expand the pool of available capital.” He said government was exploring the possibility of structuring special funding vehicles to channel funding from these different sources into specific strategic logistics projects.
