Transport: Rail infrastructure spend grows 20%

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The government plans to increase spending on rail infrastructure by 20 percent a year, according to the 2014/15 Budget. This will allow the Passenger Rail Agency of SA (Prasa) to forge ahead with plans to buy new trains, build depots and upgrade signalling infrastructure, despite the weaker rand driving up costs. According to the 2014 Estimates of National Expenditure, the cabinet has approved additional allocations of more than R300 million a year, “which are to be used to offset the effect of foreign exchange rate fluctuations on Prasa’s new rolling stock programme”. Spending on roads will increase by about 7 percent a year over the medium-term expenditure period. – Sapa

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