Infrastructure funding gap stands at N$150 billion

by Chamwe Kaira

NAMIBIA has a funding gap of N$150 billion for upgrading aging infrastructure including railway, roads and airports, senior economist of monetary policy at the Bank of Namibia Postrick Mushendami told a conference on public private partnerships held in Windhoek last week. The conference was organised by Standard Bank, Deloitte and the Ministry of Finance.

Figures presented by Mushendami showed in total N$223,5 billion is needed for upgrading infrastructure. Of this figure the government has the capacity to fund N$73,5 billion leaving a gap of N$150 billion.

Mushendami said some of the suggestions for funding the gap include privatising state companies, an infrastructure fund listed on the Namibian Stock Exchange and resources from state-owned companies.