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
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.
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.
