Annual budget: City continues to prioritise support for residents amid ongoing Covid-19 impact
May 26, 2021
CBN Audio:
Speaker, let me start today by welcoming you to your new position, and congratulating you for taking up this key seat in our council. I am confident that your 26 years as a councillor in service to the people of this city will serve you in good stead to continue putting the people of our beautiful city first, and overseeing these council meetings with fairness and professionalism.
Budget
Speaker, today I table the City’s annual budget of R56,6 billion, which amounts to R8,3 billion for the capital budget, and R48,3 billion for the operating budget. The annual budget for 2021/22 outlines the funded commitments of the City, which will see us deliver on our Integrated Development Plan (IDP) and associated strategies in order to effectively support the lives and livelihoods of all our residents.
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V&A Waterfrontâs Canal District to get a R3.9bn upgrade
By Staff Reporter
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Cape Town - Following the recent approval of the R14 billion Harbour Arch development and the R4bn River Club development, the City of Cape Town has approved the expansion of V&A Waterfrontâs Canal precinct plan.
The R3.9bn expansion to the V&A Waterfrontâs Canal District was signed off by Mayor Dan Plato.
The major infrastructure development will see a mixed-use development leading to the creation of at least 1100 jobs during the construction phase.
The City said that with the aforementioned developments and the job creation opportunities it delivers, it is clear that local and international investors have confidence in doing business in Cape Town.