Critical Infrastructure Reconstruction Programme assistance for SMME’s…

Critical Infrastructure Reconstruction Programme Description

  • The Critical Infrastructure Reconstruction Programme is an incentive that the South African government is implementing to support investments that have by affected by unrest and riots in the Gauteng and Kwa-Zulu Natal provinces. It is a cost-sharing incentive that is available to approved applicants as may be approved by the AC.

  • The Critical Infrastructure Reconstruction programme aims to leverage investment by supporting relevant infrastructure.

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Offering Criteria  

  • Applicants must submit complete applications prior to development of infrastructure construction. 
  • This  will  be  in  the  form  of  a  cost-sharing  grant  of  50%  of  the  total  qualifying infrastructure costs to a maximum cap of R30 million.  

 Non Qualifying Costs 

  • Value Added Tax (VAT) payable in connection with the direct qualifying project costs. 
  • Maintenance  and  repair  costs  or  any  other  costs  incurred  after  the  completion  of  the construction of the infrastructure and commissioning thereof. 
  • Costs associated with tendering documentation and the tendering process.  
  • Cost  associated  with  research  and  development  other  than  that  improves  the  current product or develops the current product to the next generation. 
  • Equipment, tools and machinery for the purposes of manufacturing.  
  • Any other cost/s that the Adjudication Committee, in its sole discretion, may deem as non-qualifying. 

Incentive Disbursement 

  • Approved  applicants  will  enter  into  a  contract  with  the  dtic  and  payments  of  claims  to approved projects will be based on qualifying deliverables. 

  • The approved applicant has to submit mandatory documents deemed necessary by the dtic for payments to be processed, such as a valid Tax Clearance Certificate.  

  • The dtic reserves the right to verify the existence of the supported deliverables and their quality.  

  • All payments will be governed by the terms and conditions of the contract between the approved applicant and the dtic. 

  • Payment  to  approved  applicants  will  be  subject  to  the  submission  and  verification  of claims by the dtic. 

  • All mandatory requirements must be fulfilled before any payment.

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Should you be interested in applying for the business grant, Dream Team Capital can assist you. Contact us today for professional assistance in streamlining your application for the Critical Infrastructure Reconstruction Programme incentive.