Detail for GN600(A)
The Financial Sector Code (“the Code”) recognises the need for the financial sector to dedicate funding to infrastructure projects in underdeveloped areas where communities have historically been denied equitable access to economic resources. The definition of Transformational Infrastructure (“TI”) was intended to focus financing efforts on entities that provide infrastructure that will contribute towards reducing infrastructure backlogs and increase the potential for economic growth and development in South Africa.
Transformational Infrastructure projects are projects that support economic development in underdeveloped areas and contribute towards equitable access to economic resources. Such infrastructure projects could be in the following sectors:
- water, waste water and solid waste
- social infrastructure such as health, education, and correctional service facilities
- municipal infrastructure and services