Zimbabwe Infrastructure Policy Review
Many empirical studies have demonstrated the close relationship between a country’s economic development and its stock of infrastructure. Decades of deferred maintenance and lack of long-term financing have taken a heavy toll on Zimbabwe’s infrastr...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26010671/zimbabwe-infrastructure-policy-review http://hdl.handle.net/10986/24097 |
| Summary: | Many empirical studies have demonstrated
the close relationship between a country’s economic
development and its stock of infrastructure. Decades of
deferred maintenance and lack of long-term financing have
taken a heavy toll on Zimbabwe’s infrastructure that at one
time was ranked at the top in Africa. Only the information
and communications technologies (ICT) sector has been
performing relatively well but its high tariffs add to the
cost of doing business in Zimbabwe. The strategy in the
infrastructure sectors is to encourage public private
partnerships (PPPs) for the financing and execution of the
different sub-projects. This strategy has been emerging in
the electric power, road transport, and ICT sectors and is
now being extended to water supply and sanitation. This
review builds on the findings from an October-November 2013
mission that, upon the request of the Ministry of Finance,
assessed the ministerial submissions for the 2014 public
sector investment program (PSIP). The review concludes that
the perception of the predictable policies is key for
attracting responsible private partners for sustainable
PPPs. The review recommends less risky options such as: (i)
outsourcing operations of existing plants; (ii) lease
contracts of existing plants; and (iii) sales of existing
thermal plants. The review notes that the analytical multi
donor trust fund (AMDTF) is programmed to close on June 30,
2014. It is of the essence to explore the possibilities to
locate concessionary funding for a successor to the AMDTF
given the high priority of additional studies in the power,
water, and ICT sectors to prepare for the reforms suggested. |
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