Wednesday, May 24, 2006

Cape coffers bulging as R1bn lies unspent

Against a backdrop of a transport crisis, a need for more housing and services, and greater job-creation and poverty relief efforts, it emerged at Monday’s Mayco meeting that by the end of April, city departments had spent just R928,7-million, leaving R992,1m-unspent.

Excluding the R408,6-million spending shortfall on the N2 Gateway project, the major shortfalls occur in roads and stormwater (R106-million), transport (R93.3-million), housing (R81-million), electricity (R78.3-million), water (R69.5-million) and social development (R44-million). - Cape Times

No comments: