Real Estate Investor Magazine South Africa November 2018 | Page 12

COVER FEATURE Transport Infrastructure Remains a Chief Vehicle for Economic Growth BY HERBERT PHAHLANE F or any country, the transport infrastructure networks are some of the most important assets it can have – not only in pure monetary value, but also the socio and econom- ic gains that the transportation of people, goods and services brings. Our modern lives are increasing characterised by our ability to travel, transport assets and goods, and remain con- nected with other players in the economy. In South Africa, considering the extent of our transportation related assets - the sheer kilometres length of roads, coverage of our rail networks and not to mention aviation and maritime transportation - collectively make it one of our largest national assets. Additionally, just like any system would grow around a framework of infrastructure, so too do economies - because if you can’t move goods, services and people around, your economy stagnates. Transport networks therefore have a critical role to play in unlocking potential at micro and macroeconomic levels within the mainstream and second economies in the country. But, are we planning and implementing transport projects to get the most out of the opportunities that exist, for today and well into the future? I believe not, and – with my past experience in the public sector and having moved to the private sector - here I’ve outlined my views on what I believe we should be doing differently. 10 NOVEMBER/DECEMBER 2018 SA Real Estate Investor Magazine  Integrated, long-term planning This should go without saying but, given the current state of prioritisation of infrastructure projects, it needs to be said. We need a long-term vision that encapsulates how people will live, work and play – and well beyond 2030.  here are transport infrastructure projects and plans being implemented, or are in the pipeline. But, have we undertaken any kind of ‘impact assessment’ process to understand – not just the traffic impact, but - if the projects currently being fast- tracked are in fact the right projects; to get the backlog moving, increase transport capacity and as a direct result, influence positive economic growth? Effective implementation of transport infrastructure projects should be considered in earnest – of what will benefit people, communities, trade and industry. And, in that order. This will better enable us to design based on what the future demand on transport networks will be – to allow us to potentially leapfrog current implementation constraints and get ahead of the demand curve that will support sustainable development and growth going forward.  Driving the vision through collaboration The bigger picture must involve the integration of major transportation infrastructure projects with provincial and municipal development. It must also take into account planning for