http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.18Change: -0.26
R/$ = 11.73Change: -0.19
Au 1216.35 $/ozChange: -1.15
Pt 1187.50 $/ozChange: -3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 25, 2011

SADC mulls infrastructure fund, as it finalises master plan and embraces PPPs

Back
Construction|Africa|Education|Ports|PROJECT|Projects|Road|Roads|Water|Africa|Building|Infrastructure|Power|Water
Construction|Africa|Education|Ports|PROJECT|Projects|Road|Roads|Water|Africa|Building|Infrastructure|Power|Water
construction|africa-company|education-company|ports|project|projects|road|roads|water-company|africa|building|infrastructure|power|water
© Reuse this



The Southern African Development Community (SADC) secretariat has started work on an ‘infrastructure development master plan’ to deal with an estimated $100-billion deficit in the region’s roads, railways, ports and inland waterways, power, communications and water infrastructure.

The region’s Finance and Economic Plan-ning Ministers also agreed in early February to proceed with a workshop in March to strategise the development of a new SADC fund to support the direct financing of infrastructure projects in the territory.

The SADC has already moved to strengthen the financial capacity of regional institutions to undertake regional infrastructure projects, through the establishment of the Project Preparation and Development Facility, which will seek to take projects to a bankable level.

Deputy executive secretary for regional integration João Caholo reported last week that the plan – the finalisation of which was being accelerated, following the inaugural meeting of the SADC’s infrastructure Ministers in Zimbabwe last year – would seek to leverage private-sector funding and partnerships to alleviate public financing constraints.

Speaking at the inaugural SADC Public–Private Partnerships (PPPs) Forum and Net-work, which was held in Midrand last week, and involved 130 PPP practitioners from across Southern Africa, Caholo said that there was broad-based recognition that such partnerships could assist governments in closing material financial, managerial and technical gaps, while supporting further regional integration.

The partnership model would be extended to cross-border economic infrastructure, in line with the recently ratified protocol on Finance and Investment, which called for a greater economic policy convergence and regulatory harmonisation so as to remove the restrictions to greater economic integration. But PPPs could also be deployed on social infrastructure projects, such as those emerging in education and healthcare.

The Southern African master plan would also feed into the African Union’s Plan for Infrastructure Development in Africa, or Pida, being designed to foster both intra- regional and extraregional coordination and resource mobilisation.

A recent World Bank-initiated study estimated Africa’s yearly infrastructure deficit at $91-billion, while the yearly infrastructure gap (that which could not be funded by governments) stood at $31-billion.

For that reason, African governments were increasingly keen on PPPs, with the Development Bank of Southern Africa’s (DBSA’s) international division head Admassu Tadesse reporting that partnerships had already been widely embraced in the communications sector.

There were also currently 34 independent power producers with a combined generation capacity of 3 000 MW, as well as 26 container terminals, 14 railways and four airport concessionaires. There were also toll road projects either under construction or being given consideration.

World Bank Institute vice-president Dr Sanjay Pradhan told delegates that a recent study found that the infrastructure deficits in 24 African countries were cutting yearly growth rates by up to two percentage points and reducing productivity by 40%.

He said that PPPs could aid the continent in its delivery of much-needed infrastructure, but stressed that not all such projects were well designed and implemented.

Therefore, practitioner networks, such as the one being developed in the SADC, could prove crucial in facilitating peer learning and spreading best practices.

The SADC forum and network, which Pradhan described as representing the “new frontier” for development practitioners, had been created with the support of the African Capacity Building Foundation, the DBSA, the German Agency for International Cooperation, the SADC Development Finance Resource Centre, South Africa’s National Treasury and the World Bank Institute.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other News This Week News
Updated 4 hours ago Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
More
 
 
Latest News
Updated 12 minutes ago A feasibility study and financial model of Edenville Energy’s proposed Rukwa coal-to-power project, in Western Tanzania, have suggested a two-phase construction period that could see the development of an integrated coal mine and power plant boasting generating...
Mike O'Hare
Updated 20 minutes ago Gold major AngloGold Ashanti is installing turbines in underground mines to boost energy regeneration, as part of a strategy of recovering electricity without spending significant amounts of capital. “What we’ve done is put in energy regeneration and capture plants...
Updated 23 minutes ago City Power, the City of Johannesburg’s electricity utility, has spent more than R267-million over the past four years to replace low voltage copper overhead power lines (LV), it said on Monday. The LV lines with aerial bundle conductors (ABC) will reduce power...
More
 
 
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
 
 
 
 
 
This Week's Magazine
Updated 4 hours ago Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.
The 2015 Sanlam/Business Partners Entrepreneur of the Year (EOY) competition was launched earlier this month in Johannesburg, with the main focus on creating and inspiring entrepreneurs to create jobs and boost the economy.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96