Katali leading delegation to investment conference

20 Jun 2013 08:10
WINDHOEK, 20 JUN (NAMPA) - Mines and Energy Minister Isak Katali will lead a delegation to the Southern African Development Community (SADC) High-Level Regional Infrastructure Investment Conference from 26 to 28 June 2013 in Maputo, Mozambique.
President of the Republic of Mozambique Armando Emilio Guebuza, who is the current chairperson of the SADC, will host the event under the theme ?Accelerating infrastructure investment through sustainable and innovative financing?.
According to a media statement issued by the SADC Secretariat on Wednesday, the conference is a major step towards showcasing and implementing regional infrastructure projects elaborated by the SADC Regional Infrastructure Development Master Plan (RIDMP) which was adopted by SADC Heads of State and Government at their 32nd SADC Ordinary Summit held in August 2012 in Maputo.
?The main focus of the conference shall be to showcase priority infrastructure projects contained in the Short-Term Action Plan (STAP), to be implemented in the next five years. The objective of the conference is to bring to the table a number of bankable projects for consideration and possible funding,? it said.
The estimated cost of the projects in the five-year plan is US dollars 64 billion (about N.dollars 640 billion), and it is expected that private sector will play its key role by financing some of these key projects.
The SADC Regional Infrastructure Development Master Plan is a 15-year blueprint which will guide the implementation of cross-border infrastructure projects in the areas of six priority sectors: energy, transport, information and communication technology (ICT), meteorology, water and tourism between 2013 and 2027.
The Master Plan is being implemented over three five-year intervals, with the first interval covering the periods 2012 to 2017.
The second and third intervals will cover the periods 2017 to 2022 and 2022 to 2027, respectively, with a total proposed investment of between US dollars 428 billion and US dollars 558 billion.
The conference will be attended by the SADC Troika Heads of States from Angola, Malawi and Mozambique.
It is also expected that President Jacob Zuma of South Africa will participate in his capacity as champion for the New Partnership for Africa's Development (NEPAD) Presidential Infrastructure Championship Initiative (PICI).
Also expected to participate are ministers and senior officials from infrastructure and finance sectors from SADC member states, heads of continental and regional organisations, international co-operating partners, investors, and business organisations.
The conference will be preceded by a briefing of ministers responsible for infrastructure on 26 June 2013 on the proceedings of the conference, and it will be followed by a high-level round table and ministerial and investors break-out sessions on 27 June 2013.
A site visit to the Port of Maputo is scheduled for 28 June 2013.
(NAMPA)
PC/ND/AS