ZAMBIAN GOVT KEEN ON PPP APPROACH TO IMPLEMENT INFRASTRUCTURE PROJECTS

LUSAKA– The Zambian government is committed to facilitating the implementation of privately-financed public infrastructure projects under the Public-Private Partnership (PPP) model, says the Permanent Secretary for Budget and Economic Affairs at the Ministry of Finance, Mulenga Pamu.

Noting that that a PPP Unit would be launched as a department under the Finance Ministry, he said the successful implementation of PPP projects would result in the development and construction of new infrastructure as well as the maintenance, rehabilitation, modernisation, and operation of existing facilities.

Dr. Pamu, who was speaking at the launch of the Country Readiness Diagnostic for Public-Private Partnerships report in Lusaka Thursday, added that the report, which was based on international experience, outlines a set of recommendations for how Zambia can develop a sustainable PPP programme while ensuring sound management and appropriate projects for private sector participation.

He further noted that firm political commitment and stakeholder dialogue, and sound policies are vital in contributing factors to PPP-style projects.

World Bank analyst Rupi Rai said Zambia still faced significant infrastructure challenges despite major investments made in past years. She noted that the major PPP projects in Zambia, amounting to about 46 per cent, are border projects.

She, however, noted that the domestic financial market had low capacity to invest in large PPP projects.

Source: NAM NEWS NETWORK