Namibia
will start tapping markets and investors to finance a fiveyear, N$223
billion($19 billion) development plan as early as next year as the
country seeks to become a regional transport hub.
The
southwest African nation's government has said it will finance N$73
billion of the budget and use a variety of methods to raise the rest of
the money for ports, railways, roads and airport upgrades.
"The
best way to address these funding needs is to pursue various
alternatives including public-private partnerships and listed
infrastructure funds, among others," Emma Haiyambo, a spokeswoman for
the Bank of Namibia in Windhoek said.
The
government will come up with a way to "encourage the participation of
private financiers and investors, both locally and internationally," to
participate in the development fund raising, Haiyambo said.
Namibia's
economy will grow by 5.6 percent in 2015, up from 5.3 percent this
year, buoyed by construction, retail trade, diamond mining and
manufacturing, the central bank said on Dec. 12.
Namibia
has started a 45 billion Namibian dollar mass housing program to
provide homes to lowincome earners and increase energy generation. Work
on some of the transportation projects is expected to start next year,
the central bank's Haiyambo said.-Bloomberg
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