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SADC infrastructure master plan
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 Planning Ministers also agreed last week 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 had already moved to strengthen the financial capacity of regional institutions to undertake regional infrastructure projects, through establishing the ‘Project Preparation and Development Facility', which would seek to take projects to a ‘bankable' level.
Read the full story on Engineering News
Posted on 16 Feb 2011 / Tags: none
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