By Proffesor Ndawonde
Cape Town - The City of Cape Town has tabled a draft budget of R23.8 billion for the 2009/10 financial year which begins on 1 July 2009.
According to the city this amount is made up of a capital budget of R5.5 billion and an operational budget of R18.3 billion.
"The bulk of the capital budget is aimed at eradicating infrastructure backlogs which developed over the years and which are required to advance economic growth," said Alderman Ian Neilson, Mayoral Committee Member for Finance, Economic and Social Development and Tourism.
The Utility Services Directorate, which provides basic services such as water and sanitation, electricity and refuse removal, will receive the biggest part of the capital budget of over R2 billion.
According to Mr Neilson the capital budget includes a R220 million allocation for the development of landfill infrastructure and R199 million for electricity upgrades across the metropole.
Meanwhile, an amount of R105 million has been budgeted for the Fisantekraal waste water plant and R705 million for the development of the Integrated Rapid Transport System.