Infrastructural projects in Namibia like roads, rail, housing and health services, cannot be achieved by the country’s government alone, according to an expert.
First National Bank, Senior Research and Development Manager, Namene Kalili said Thursday, for the country to be world class in terms of infrastructure, a huge amount of money is needed, something that the government will not be able to raise at the current tax rates.
“For many years we have been advocating for much more private sector participation and the unlocking of investment channels to increase infrastructure spend,” he said in a press statement issued by the First National Bank.
“We feel that the private sector must start playing a much bigger role and not be seen as provider of funds only. Namibians and non-Namibians alike, use our roads and as such they should be allowed to participate and contribute towards the construction and maintenance,” he said.
In May, the Namibian government introduced the 5th National Development Plan, which encompasses a budget of 5.17 billion U.S. dollars, of which 1.87 billion dollars is committed to roads infrastructure and another 675 million dollars will be set aside for rail infrastructure.
“The funds allocated for this in NDP5 are commendable, but fact remains that there is at this moment a backlog of 19.1 billion U.S. dollars in infrastructure development and a lot has to be done if the NDP5 goals are to be achieved,” he added.
Meanwhile Kalili called for more freedom in the maintenance, management and construction of infrastructure and less regulation on stakeholders as public goods and services. Enditem