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Compiled by the Government Communication and Information System Date: 01 Jul 2009 Title: Construction continues despite economic crisis Cape Town - Despite the slowdown in the global economy which has hampered construction in many countries, South Africa can take pride in its continued construction sector. Tabling his Budget Vote in Parliament on Wednesday, Finance Deputy Minister Nhlanhla Nene said the country can take pride in that several construction projects had been completed on time for last month's Confederations Cup. "We can all take pride in the performance of our construction sector in completing several stadium projects in time for the Confederations Cup," he said, adding that next year the country would showcase ten magnificent stadiums on an even larger world stage. Mr Nene further added that a phase of the Gautrain project will be completed for 2010 while major road network improvements as well as hotel expansions will be completed in time for the increased visitor and traffic flow in a year's time. Major electricity supply construction projects were already scheduled for the next five years and beyond, the minister added. - BuaNews |
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