Africa ‘needs US$90bn annually for infrastructure’
Road infrastructure development in Africa will require US$90 billion annually in the next decade to sustain economic growth and development.
According to ZimbabweTransport and Infrastructural Development, Minister Dr Obert Mpofuthe, more development in transport infrastructure was needed to support growth. He said this during the African Road Maintenance Funds Association AGM in Victoria Falls.
“The continent’s infrastructure deficit is a most significant barrier to sustaining Africa’s growth. The continent will need to invest nearly $90 billion per year for infrastructure development over the next decade to bridge the deficit,” he said.
Transport and Infrastructure Development Permanent Secretary Munesu Munodawafa said Zimbabwe required US$5 billion for road network rehabilitation in the coming five years.
World Bank senior transport specialist Justin Runji called for a sound monitoring and evaluation policy for road construction funds.
“Transport policy objectives and performance indicators should be simplified and limited to a set of measurable commonly used and understood key transport indicators known to contribute to intended outcomes,” he said.