New airport in Gauteng 'to be funded by private sector'

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According to Gauteng Finance and Economic Development MEC Lebogang Maile, the project is expected to invigorate local economies and create jobs.

The airport is part of a larger plan for infrastructure development and economic growth in the province.

Maile was however at pains to point out that the estimated R200 billion cost for the development would not come from public funds.

“I am still going to verify the figure, but it’s not government’s money, we should start there,” Maile stated on Wednesday. “Citibank, I think, is a leading partner in this programme.”

“Investors are interested in our province and we will make a minimum contribution towards the bulk infrastructure so that they are able to invest.”

Maile highlighted the economic potential of the project, stressing its importance for Sedibeng, particularly the Emfuleni municipality.

New infrastructure includes railway expansion plans

Addressing concerns about why local government isn’t prioritising sectors like education, Maile underscored the airport’s long-term, positive impact for the region.

“If a project like this goes in there, you can imagine the revenue that will come into that municipality,” he added.

“The airport will have a multiplier effect on local economies.”

Maile noted that new infrastructure development in the region also involves expanding the Gautrain and developing the National Rail Masterplan—which features a new high-speed rail that will connect Gauteng to Limpopo.

City of Cape Town endorses new ‘Winelands Airport’

In related news, plans are under way for a second airport in the Mother City, to be built in the winelands near Durbanville.

The R7 billion airport – set to open in 2027 – will also create jobs and attract more business and tourists to the region.

The airport is a former SA Airforce airfield, which is now privately owned, and acts as a space for general flying and a flight training academy. Read more on that story here.