Zimbabwe needs billions for infrastructure projects

Zimbabwe requires more than US$33 billion for infrastructure projects over the next 20 years to turn around its economic fortunes, a senior World Bank economist has said. Nadia Piffaretti said infrastructure development should be part of Zimbabwe's long term economic transformation objectives, stating that US$11.3 billion was required for electricity generation-related projects alone while another US$13.4 billion should be allocated towards transport infrastructure development in the coming two decades a
September 27, 2013 Read time: 1 min
Zimbabwe requires more than US$33 billion for infrastructure projects over the next 20 years to turn around its economic fortunes, a senior 2000 World Bank economist has said.

Nadia Piffaretti said infrastructure development should be part of Zimbabwe's long term economic transformation objectives, stating that US$11.3 billion was required for electricity generation-related projects alone while another US$13.4 billion should be allocated towards transport infrastructure development in the coming two decades and have a compound annual growth rate of 6.2 per cent and 1.3 per cent respectively.

Another US$6.8 billion and US$1.8 billion should be channelled towards telecommunications, water and sanitation infrastructure, with anticipated compound annual growth rates of -0.2 per cent and 1.6 per cent respectively.

Related Content

  • December 18, 2013
    US toll roads stable for 2014, says Fitch
    Within a broader review of US transport infrastructure securities, including ports and airlines, Fitch Rating analysts say the recent slow growth in aggregate traffic is likely to continue but that many established toll roads look financially solid because of their pricing power - tolls that have been well below revenue maximising levels. Their pricing power has been somewhat reduced, Fitch says, by strong increases in toll rates on many toll roads, which mean they have less scope for big increases in to
    Read More
  • July 16, 2012
    The cost benefits of LED traffic signals
    On 11 January 2005, the Kentucky Transportation Cabinet (KYTC) began installing GELcore LED traffic signal modules state-wide through an Energy Savings Performance Contract. In tendering for the work, the energy service contractors could choose any manufacturers equipment but all of them proposed to use the GELcore brand.
    Read More
  • November 7, 2014
    White Paper focuses on British Columbia infrastructure needs
    With the economic prosperity of British Columbia and Western Canada relying increasingly on global trade and our ability to deliver goods to foreign markets, the Business Council of British Columbia (BCBC) has released Building BC for the 21st Century: A White Paper on Infrastructure Policy and Financing in advance of its second annual BC Business Summit today. The paper examines the existing infrastructure networks – including transport, utilities, telecommunications, hospitals and schools – and their
    Read More
  • August 3, 2015
    Substantial demand ‘underscores need for TIGER grants’
    US Transportation Secretary Anthony Foxx has announced that applications to the US Department of Transportation (DOT) for its seventh round of Transportation Investment Generating Economic Recovery (TIGER) grants totalled US$9.8 billion, almost 20 times the US$500 million set aside for the program, demonstrating the continued need for transportation investment nationwide. Among the 625 applications for grants received this year, 60 per cent are road projects, 18 per cent are transit projects, and eight p
    Read More

Highlighted Content