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Infrastructure in South Africa: Who is to finance and who is to pay?

Author

Listed:
  • Estian Calitz
  • Johan Fourie

Abstract

Against the backdrop of shifting views on the role of government in the provision of infrastructure, this paper distinguishes between the payment for and financing of the South African Government's infrastructure investment programme. The paper argues for a clear distinction between loan financing by the government for macroeconomic considerations and the benchmark approach to the financing of infrastructural projects. It presents a classification system that enables a systematic mapping of all prospective projects, with reference to considerations of efficiency and equity, and uses this system to question the government's financing strategy and identify alternatives. The Gautrain Rapid Rail project is used as a case study to demonstrate these alternatives.

Suggested Citation

  • Estian Calitz & Johan Fourie, 2010. "Infrastructure in South Africa: Who is to finance and who is to pay?," Development Southern Africa, Taylor & Francis Journals, vol. 27(2), pages 177-191.
    • Handle: RePEc:taf:deveza:v:27:y:2010:i:2:p:177-191
    DOI: 10.1080/03768351003740449
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    References listed on IDEAS

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    1. Irving, Jacqueline & Manroth, Astrid, 2009. "Local sources of financing for infrastructure in Africa : a cross-country analysis," Policy Research Working Paper Series 4878, The World Bank.
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Four lessons from railways in Ghana
      by Johan Fourie in Johan Fourie's Blog on 2012-11-28 01:29:39
    2. High-speed rail in South Africa: too costly to consider
      by Johan Fourie in Johan Fourie's Blog on 2013-06-02 12:57:55
    3. Our watershed… opportunity
      by Johan Fourie in Johan Fourie's Blog on 2015-11-12 13:44:13

    Citations

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    Cited by:

    1. Mohammed Aliu Momoh & Maurice Aghedo, 2018. "Public Private Partnership, Infrastructure Guarantee and Sovereign Debt Default," Romanian Economic Business Review, Romanian-American University, vol. 13(1), pages 25-34, March.
    2. Ba, Lika & Gasmi, Farid, 2011. "To what extent do infrastructure and financial sectors reforms interplay? Evidence from panel data on the power sector in developing countries," TSE Working Papers 11-264, Toulouse School of Economics (TSE).
    3. Ba, Lika & Gasmi, Farid & Noumba Um, Paul, 2010. "Is the level of financial sector development a key determinant of private investment in the power sector ?," Policy Research Working Paper Series 5373, The World Bank.
    4. Andrew Phiri, 2017. "Nonlinearities in Wagner's law: further evidence from South Africa," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 9(3), pages 231-249.
    5. Ba, Lika & Gasmi, Farid, 2011. "To what extent do infrastructure and financial sectors reforms interplay? Evidence from panel data on the power sector in developing countries," IDEI Working Papers 692, Institut d'Économie Industrielle (IDEI), Toulouse.
    6. Alaa Soliman & Mohammad Aliu Momoh & Ibrahim L. Awad, 2017. "Infrastructure Guarantees: Making It Simple," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 178-202.
    7. Johan Fourie, 2016. "The long walk to economic freedom after apartheid, and the road ahead," Working Papers 11/2016, Stellenbosch University, Department of Economics.

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    More about this item

    Keywords

    infrastructure financing; government loans; benefit taxation; guarantees; private-public partnerships; Gautrain; South Africa;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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