R200m shot in arm for BCM projects
Heated allocation debate in council as clock ticks to spend funds before July
With two months before the current financial year ends, Buffalo City Metro has been given a R200m shot in the arm by National Treasury to continue with some of its major projects.
The cash injection was announced by mayor Xola Pakati at a heated special council meeting on Wednesday.
The money was allocated across the metro’s departments, increasing the operating revenue budget by R13.2m and capital expenditure budget by R186.8m.
The metro only has until the end of June to spend all of the money. The lion’s share of the money, R28.5m, will go towards regravelling the metro’s rural roads. However, it was not specified which villages would benefit.
The money will also be spent on:..