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Infrastructure summit opens |
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Thursday, 20 September 2012 14:38 |
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 The Infrastructure Financing Conference opens amid calls for government to engage regional and international institutions to attract the 14.5 billion dollars required for infrastructure development.
Infrastructure development has remained a challenge for the growth of the country’s economy with information indicating that the sector requires over 14 billion dollars to address infrastructure concerns.
The hosting of the infrastructure conference is expected to unlock value from participating regional financial institutions at the same time attracting potential investors in the sector.
In an interview, former Zimbabwe National Chamber of Commerce President Obert Sibanda said there is need for government to spell out clearly the public private partnership policy which is critical for the development of key infrastructure.
Permanent secretary in the Ministry of Public Works George Mlilo said the country’s infrastructure is in a deplorable state and there is need for a concerted effort from government, the private sector and investors to create a win-win situation.
The conference as government has made strides towards addressing some of the key enablers in power generation, widening of trunk roads and dualisation of some of the major highways.
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