Nam needs N$ 223,6 billion for infrastructure funding

25 Sep 2014 17:20pm
WINDHOEK, 25 SEP (NAMPA) – Namibia requires N.dollars 223,6 billion for infrastructure development over the next five years, Bank of Namibia (BoN) Director of Research Florette Nakusera said on Thursday.
Speaking at the 16th BoN Annual Symposium themed “Financing of infrastructure for sustainable development in Namibia”, Nakusera said the bulk of the funding is required in the transportation sector, with a total planned financing requirement of N.dollars 123.4 billion.
She said the biggest chunk of money is required in rail infrastructure with a requirement of N.dollars 60.7 billion, followed by port upgrading to the value of N.dollars 34.9 billion and N.dollars 17.9 billion in road infrastructure.
Nakusera said there are also various projects in the pipeline to upgrade and develop port and railway infrastructure.
The Namibian Ports Authority (Namport) is constructing a new terminal at the Walvis Bay harbour at the cost of N.dollars 4.9 billion and the project will be completed by 2017.
Furthermore, there are plans to construct a deep water terminal at the Walvis Bay harbour to serve as the Southern African Development Community (SADC) Gateway terminal.
“This project will commence in 2016 and the estimated cost is in the region of N.dollars 30 billion,” she indicated.
On rail infrastructure, the key project is the 1 900km Trans-Kalahari railway line connecting Botswana’s Mmamabula coal fields to the port of Walvis Bay at a cost of about N.dollars 100 billion.
“The financing of this project will be sourced through private stakeholders,” she explained.
TransNamib is also exploring the establishment of commuter passenger trains to lessen the congestion on the roads within the city of Windhoek, as well as between Windhoek and Okahandja, Windhoek-Rehoboth and on the Windhoek-Hosea Kutako International Airport (HKIA) road.
Feasibility studies on the possible costs of such projects are yet to be carried out.
Nakusera said funding needs for road and water infrastructure are extensive.
On road infrastructure, she said the Roads Authority of Namibia plans to surface over 2 000km under its programme of constructing gravel roads and upgrading gravel roads to bitumen standard.
The projected cost of road infrastructure upgrading stands at N.dollars 17.9 billion.
There are other projects such as the expansion of the Windhoek-HKIA and the Windhoek-Okahandja roads into dual carriage way roads, which will be undertaken directly by the government.
With regards to water infrastructure, Nakusera said, NamWater is focusing on desalination of seawater, primarily to serve the mining community along the coastline.
A feasibility study to determine the actual cost and to set the timelines for the desalination project has not yet been conducted.
(NAMPA)
MMT/ND/