Zimbabwe Requires US$34 Billion To Restore Infrastructure – AfDB’s Economist

Zimbabwe will require US$34 billion over the next decade to restore its road, rail, aviation, energy, ICT and water and sanitation infrastructure to proper working condition.

This was said by AfDB’s principal country economist, Walter Odero while speaking at the launch of the 2019 Zimbabwe Infrastructure Flagship Report in Harare on Thursday. Said Odero:

It is recognised that Zimbabwe has all the potential to recover from its past, given the new political and institutional dispensation.

We are therefore pleased to note that through the Transitional Stabilisation Programme, the Government has expressed a strong commitment to undertake economic and structural reforms, notably to rebuild confidence through the restoration of private property rights; ensure macro-economic stability and growth; fiscal consolidation and external debt arrears clearance; improve governance and the business environment and create jobs.

The report we are launching today confirms that the country needs US$34 billion over the next decade to restore its road, rail, aviation, energy, ICT and water and sanitation infrastructure to proper working condition.

More: The Herald

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