Ricochet News

Coalition government brings back financial stability to Metro: Trollip

Jul 31, 2017
Coalition government brings back financial stability to Metro: Trollip

The Democratic Alliance (DA) led coalition administration has brought stability back into the finances of the Nelson Mandela Bay Municipality for the first time in so many years, Executive Mayor, Athol Trollip, said on Sunday.

"The new coalition government in the Bay has recorded capital expenditure of 93% in the 2016/17 financial year - the highest spend since before the 2010 Soccer World Cup," the Mayor said.

"Paired with a collection rate of 93.7%, the Municipality’s financial position is now the most stable it’s been in almost a decade."

Trollip said that infrastructure-led growth is crucial to ensuring that Nelson Mandela Bay is an opportunity and well-run city.

"By spending our capital budget, the Municipality is working to advance communities and drive economic growth through development," the Mayor added.

"The final quarter of the 2016/17 financial year saw tens of kilomteres of road tarred, pavements repaired, painting of new road markings, the rehabilitation of parks and clean ups of public open spaces.

"This sets an important benchmark for subsequent years, as this government works to ensure that the Municipality keeps moving forward, spending money on our people through basic service delivery and economic growth."