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.

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