Gov't taps into PPP billions

Friday, November 09, 2018

Morupule B's costs went from P11bn to P14bn excluding opportunity costs. Fiscal authorities say the PPP model is unavoidable as revenues decline due to tapering diamond activities

The P16 billion Chobe Zambezi pipeline project headlines a list of 16 high capital infrastructure initiatives government has identified, as it finally kicks its long-awaited Public Private Partnership (PPP) policy into gear.

While government has had a PPP policy and framework in place since June 2009, few significant projects have taken place in the intervening years, meaning the dominant funding for major public works has remained government coffers.

However, with budget revenues expected to come under pressure in coming years with declining diamond revenues, fiscal authorities are eyeing PPPs as a viable funding alternative for required public infrastructure works.

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