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

  • November 27, 2013
    Extra enforcement key to cutting road casualties in The Netherlands
    While The Netherlands already has some of the safest roads in the world it has ambitious plans to make them safer still, as Jon Masters discovers. In virtually all periodical studies and comparisons of countries’ road safety performance, the Netherlands is consistently in the top three and often leads the world, depending on how casualty figures are compared. According to the International Traffic Safety Data & Analysis Group (IRTAD) of the International Transport Forum, road deaths per capita have falle
    Read More
  • May 18, 2016
    EU aims to turn ITS theory into practice
    Gareth Horton explains how the European Commission’s Transport Research and Innovation Portal can help expedite research and turn theory into practice. Over the next few years Europe’s transport systems face a number of challenges, such as improving urban mobility while at the same time protecting population health and accommodating the accessibility needs of an ageing but active population.
    Read More
  • July 16, 2021
    Bringing the Internet of Mobility to life
    As we chart our route to the ITS World Congress in Hamburg, a recent Ertico-ITS Europe webinar explored the future of connectivity including policy, infrastructure and security
    Read More
  • March 10, 2014
    Colombia approves highway plan funding
    Colombia has approved US$13.4 billion in funding for nine highway projects, part of a master plan to revamp and expand Latin America's fourth largest road network. All nine projects are part of the Autopistas para la Prosperidad program, which involves the construction of some 838 kilometres of two-lane highways, 63 kilometres of bridges and 90 kilometres of tunnels. The government also decided to finance directly the construction of Toyo tunnel, ruling out the concession framework for that project.
    Read More

Highlighted Content