n IMIESA - Gauteng allocates rapid rail boost : news




Extracted from text ... Gauteng allocates rapid rail boost Gauteng Finance and Economic Affairs MEC, Paul Mashatile, has confirmed that the Gautrain Rapid Rail Link is to receive a R900-million boost for this fiscal year. He noted that one of the more important reasons for the delay in awarding the tender to one of two short-listed consortia - Gauliwe and Bombela - was the complexity of the technical aspects and the associated financial model. Blue IQ will receive an additional R156-million, and includes projects such as the Kliptown development project, the Innovation Hub, and the Newtown precinct renewal project. Mashatile encouraged the private sector ..


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