JOHANNESBURG - The South African National Roads Agency Limited (SANRAL) said on Thursday that it will issue major road construction tenders to the value of more than R40 billion to the construction sector over the next two to three years.
Louw Kannemeyer, SANRAL's engineering executive, said the new projects will include some 90 major capital works projects larger than R500 million each which will go out to tender during the three year medium-term period.
National Treasury has allocated about R21.5 billion per year for the maintenance and improvement of SANRAL's 19,262km non-toll network.
Kannemeyer said this will go towards a total of 940 projects, of which 325 are already under construction.
"We expect a surge in road construction projects over the medium-term framework as part of the broader national efforts to invest in economic infrastructure," Kannemeyer said.