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.
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
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Approved applicants will enter into a contract with the dtic and payments of claims to approved projects will be based on qualifying deliverables.
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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.
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The dtic reserves the right to verify the existence of the supported deliverables and their quality.
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All payments will be governed by the terms and conditions of the contract between the approved applicant and the dtic.
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Payment to approved applicants will be subject to the submission and verification of claims by the dtic.
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All mandatory requirements must be fulfilled before any payment.
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.
