Avoid having international investors just ‘parachute in’ – transport official

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Leipzig – Development investment agencies often just want to “parachute in” for a project, but without including any genuine skills development capacity building.

This is according to Gershwin Fortune, portfolio manager of integrated transport at the City of Cape Town.

“There is no silver bullet for transport projects. It needs a holistic and fiscally correct approach,” he said at the 10th annual summit of the International Transport Forum (ITF).  He took part in a panel discussion on politics versus local interests in terms of infrastructure development investment.

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