Gautrain makes positive economic contribution to province, report shows
The R27-billion Gautrain project has contributed around R20-billion to the provincial gross domestic product (GDP) over the six years it took to build the rapid-rail link, notes a KPMG Gautrain economic impact report.
Construction also sustained 121 800 jobs, and increased government revenue by an estimated R5-billion. Lower income households received around R2-billion during construction, mainly through wages and salaries, says the report.
It also notes that, for every R1 in new invest-ment into the economy by the Gautrain, an addi-tional 73c was added to the Gauteng economy and 16c to national government revenue.
Investment into the possible expansion of the Gautrain implies that an additional five jobs per R1-million spent will be sustained during construction.
Future expansion will also imply poverty alleviation in that 17% of additional household income generated will flow to low-income households.
When looking at current Gautrain operations, the system contributes R1.7-billion a year to provincial GDP, while sustaining about 6 000 jobs in Gauteng in 2013.
The system also increases government revenue by around R400-million a year, with around R200-million received by lower-income households, again mainly through wages and salaries.