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Coega emphasising the importance of infrastructure development in stimulating economy - published 29 Sep 2022

Coega emphasising the importance of infrastructure development in stimulating economy

Mega Infrastructure: Cecilia Makiwane, implemented by the Coega Development Corporation, is one of the largest projects built post democratic dispensation. The project created in excess of 3 606 much needed jobs and provided skills development and training opportunities to local communities.

Gqeberha, South Africa, 29 September 2022, The Coega Development Corporation (CDC) announced today that its infrastructure development programme continues to play a critical role in the improvement of spaces for economic productivity and inclusive growth. Coega provides a continuous process of socio-economic empowerment from beginning to end.

As a public entity, the CDC understands the importance of putting socio-economic development and inclusive growth at the forefront of infrastructure development – during and post construction. It is for this reason that we have a dedicated SMME Development Unit to facilitate the growth of small to medium size businesses during the construction process as well as the facilities to train artisans through the Coega Skills Development Centre. The Coega Infrastructure Programme enables the CDC to meet its objectives of job creation through the provision of infrastructure solutions.

The CDC has executed several infrastructure projects owing to its demonstrated proven record in programme management and infrastructure implementation, including the R1 billion Cecelia Makiwane Hospital and multi-billion-rand Tshwane Automotive Special Economic Zone. According to Christo Beukes, CDC Programme Manager, “Coega’s customised project and cost management processes and systems are designed to expedite the execution of infrastructure development projects to deliver the intended scope within the agreed times and within budget, whilst ensuring the creation of jobs and the growth of emerging businesses.”

Coega offers construction management and infrastructure development services within the Special Economic Zone and an implementing agent service on non-SEZ client infrastructure projects. Through this approach, Coega can maintain a project pipeline, regulate the expectations of the built environment, and ensure that smaller businesses in the sector also benefit from opportunities, thereby contributing to the socio-economic development of the regions in which it operates. For example, in KwaZulu-Natal, where the completion of the Mgai School Project created 72 employment opportunities, 46 youth training opportunities, and 20 SMME opportunities. In the Eastern Cape, breaking ground on the Zithulele Hospital Project is set to create 2000 construction jobs, ensuring 1000 employment opportunities for young people, 11 graduate internships, and 115 technical training opportunities.

“Informed by the National Development Plan Vision 2030, the Economic Reconstruction and Recovery Plan, and the National Infrastructure Plan 2050, and based on a record of 23-years’ mega infrastructure expertise, our aim is to advance sustainable economic growth, promote inclusive development, and enhance state capacity in infrastructure development,” says Chuma Mbande, CDC Executive Manager: Business Development – Non-SEZ Programmes.

Coega has made a commitment to ensure that every infrastructure project undertaken provides employment and skills development opportunities. In addition to the Coega SEZ being a preferred investment destination for local and international investors with more than 55 operational investors, it is also a leading SEZ on the African continent

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