About 48tri/- will be needed from the private sector to facilitate
construction of major infrastructure development projects in the Second Five
Year Development Plan 2016/17- 2020/21, the Finance Minister, Dr Phillip
Mpango, has said.
Closing a one-day seminar on Public Private Partnership for major
development projects through Tanzania Venture Capital and Private Equity
Project, the minister said it is estimated that about 107tri/- will be required
for the implementation of the plan, which is to be mobilised from both
government and private sector sources and development partners.
The government will be expected to contribute around 59tri/- or an
average of 11.8tri/- annually over the plan period and the rest will be
solicited from the private sector and development partners, he said.
"It is estimated financial requirement of the plan will be about
107tri/- where as 59tri/- equivalent to 55 per cent will come from government
revenues and the 48tri/-, which is 45 per cent will come from the private
sector sources," he said.
Some of grand projects under the plan are construction of 2,561 km
standard gauge railway network to connect the main Indian Ocean port of Dar es
Salaam to eastern and southern Africa's hinterland and the Mchuchuma coal and
iron ore in Liganga, one of the largest industrial projects in Tanzania for the
past 50 years, whose completion is expected to stimulate the local economy.
Others are Kurasini Centre for Services and Business upgrading of the
110km Dar es Salaam-Chalinze Expressway to a six-lane carriage way to ease
traffic on the road leading to the central corridor.
Last Friday, the
government signed a deal worth $1.215 billion with a consortium of Turkish and
Portuguese companies last Friday to construct the first 300-kilometre stretch
of the railway line.
Dr Mpango said the private sector has key role to play in investing in
agriculture and industry which will help to add value to farm products so that
they could benefit economically. He said the government is ready to make sure
requirements for implementation of the plan were readily available.
Source: Daily News, reported by Daily News, from Dar es Salaam, Tanzania
0 comments :
Post a Comment