{"id":6303,"date":"2024-02-14T09:46:48","date_gmt":"2024-02-14T09:46:48","guid":{"rendered":"https:\/\/www.investcapetown.com\/?post_type=press-releases-event&p=6303"},"modified":"2025-09-25T13:00:12","modified_gmt":"2025-09-25T13:00:12","slug":"cape-towns-r120-billion-infrastructure-investment-set-to-outpace-other-cities","status":"publish","type":"press-releases-event","link":"https:\/\/www.investcapetown.com\/en\/press-releases-event\/cape-towns-r120-billion-infrastructure-investment-set-to-outpace-other-cities\/","title":{"rendered":"Cape Town\u2019s R120 billion infrastructure investment set to outpace other cities"},"content":{"rendered":"

Cape Town\u2019s R120 billion infrastructure investment set to outpace other cities<\/h2>\n

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Cape Town\u2019s latest annual Infrastructure Report confirms that the City\u2019s R120 billion ten year project pipeline remains on track, with the metro\u2019s infrastructure investments set to dwarf those of other cities.\u00a0Mayor Geordin Hill-Lewis launched the report at the City Council Chambers on 14 February.<\/p>\n

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Read more below:<\/p>\n

\u2018We are future-proofing our city by investing in infrastructure at a rate far outpacing any other metro, in fact over the next three years we will invest R43bn, which is more than Joburg and Durban combined. In fact, Nedbank\u2019s updated Capital Expenditure Project Listing for 2023, also released this week, finds that Cape Town accounts for a full 60% of the R100 billion in overall government infrastructure projects announced last year.<\/p>\n

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\u2018We are making the necessary investments now as Cape Town is about to pass Joburg as SA\u2019s most populous, with the census confirming we will soon be a city of 5 million. Our metro is also increasingly at the heart of national economic growth, adding over 200 000 jobs in the last year, which is more than SA\u2019s other metros combined. The City\u2019s infrastructure investments will further create an estimated 135 000 jobs over three years, based only on the initial investment, excluding downstream economic benefits. This is aside from the greater personal and community dignity that comes with improved infrastructure.<\/p>\n

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\u2018Importantly, 73% of this year\u2019s record R11bn infrastructure budget will directly benefit lower income households and people living in informal settlements. Our ambition is clear: we are building a City of Hope for all our residents, no matter where they live in Cape Town, and no matter their background,\u2019 said Mayor Hill-Lewis in his address to stakeholders at the report launch.<\/span><\/p>\n

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According to the tabled 2023\/24 capital budgets for SA\u2019s metros, Cape Town will invest more in infrastructure than Johannesburg and Durban combined over the three-year medium-term budget framework (23\/24 \u2013 25\/26), with a 91,2% larger capital budget than Joburg (R43,2bn vs R22,6bn), and 116,9% larger budget than eThekwini (R19,9bn).<\/p>\n

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Water and Sanitation investment now makes up 42% of Cape Town\u2019s R120 billion 10-year pipeline, with multi-billion rand upgrades to seven wastewater works on track according to the City\u2019s report.<\/p>\n

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\u2018This year we are glad to report yet another significant increase in planned investment in Water and Sanitation infrastructure, largely driven by our programmes to reduce sewer spills. This includes quadrupling sewer pipe replacement to 100km annually; and ongoing major bulk sewer upgrades in several parts of the city, including SA\u2019s largest project of this kind on the Cape Flats line,\u2019 said Mayor Hill-Lewis.<\/p>\n

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Hill-Lewis said the City had over the last year added critical new Urban Mobility projects to the outer years of its 10-year pipeline.<\/p>\n

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CAPTION:<\/strong>\u00a0Cape Town Mayor Geordin Hill-Lewis and City Manager Lungelo Mbandazayo launched the latest Cape Town Infrastructure Report at the City Council Chambers on 14 February.<\/em><\/p>\n

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\u2018New projects to improve public transport \u2013 worth R21 billion \u2013 are planned along three major corridors in the outer years of the next decade: Khayelitsha\u2013Century City, Symphony Way, and Klipfontein.<\/p>\n

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\u2018These corridors are the next major long-term investments after the completion of MyCiTi Phase 2A route servicing the metro-southeast from Claremont\/Wynberg to Khayelitsha\/Mitchells Plain, currently the biggest infrastructure project in the Western Cape worth R5.4bn over the next three years,\u2019 said Mayor Hill-Lewis.<\/p>\n

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Other highlights from\u00a0Cape Town\u2019s Infrastructure Report<\/a>\u00a0include:<\/p>\n