http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.28Change: -0.07
R/$ = 10.66Change: -0.09
Au 1296.29 $/ozChange: -1.27
Pt 1479.50 $/ozChange: 0.00
 
 
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 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|Development Bank Of Southern Africa|Education|Private Partnerships|PROJECT|Projects|Road|Roads|Water|Africa|South Africa|Zimbabwe|USD|Development Facility|Economic Infrastructure|Healthcare|Ratified Protocol|Water Infrastructure|Admassu Tadesse|Infrastructure|Power|Sanjay Pradhan|Water|Recently Ratified Protocol
Construction|Africa|Education|PROJECT|Projects|Road|Roads|Water|Africa|||||Infrastructure|Power|Water|
construction|africa-company|development-bank-of-southern-africa|education-company|private-partnerships|project|projects|road|roads|water-company|africa|south-africa|zimbabwe|usd|development-facility|economic-infrastructure|healthcare|ratified-protocol|water-infrastructure|admassu-tadesse|infrastructure|power|sanjay-pradhan|water|recently-ratified-protocol
© 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
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
More
 
 
Latest News
Updated 5 hours ago Nigeria-focused oil and gas explorer Oando Energy Resources (OER) on Wednesday announced that it had completed the acquisition of the Nigerian upstream oil and gas business of New York-listed ConocoPhillips for a total cash consideration of $1.5-billion as well as a...
Updated 5 hours ago The disciplinary hearing of telecommunications giant Telkom’s suspended CFO Jacques Schindehütte was set to resume next Wednesday. Telkom said it hoped the hearing would result in a definitive resolution on the matter of Schindehütte’s personal conduct after a...
Updated 6 hours ago While unauthorised expenditure by South Africa’s municipalities has declined year-on-year, irregular expenditure has recorded a R2-billion increase as municipalities failed to follow legislated procurement procedures, the latest Auditor-General South Africa audit...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
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