Infrastructure in South Africa: Who is to finance and who is to pay?
AbstractAgainst 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 also presents a classification system that enables a systematic mapping of all prospective projects, with reference to considerations of efficiency and equity. This mapping should assist in macro planning and in any analysis of the financial implications of project financing and cost recovery at all levels of government. The government’s financing strategy is questioned and alternatives are identified. The prospects for mobilising funds other than tax revenue are assessed, namely government loans, private equity, development finance and donor funds. Four investment projects are considered with a view to testing the classification system and evaluating the chosen financing options in terms of economic criteria.
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Bibliographic InfoPaper provided by Stellenbosch University, Department of Economics in its series Working Papers with number 15/2007.
Date of creation: 2007
Date of revision:
Infrastructure financing; government loans; benefit taxation; guarantees; private-public partnerships; South Africa;
Other versions of this item:
- 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.
- 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
This paper has been announced in the following NEP Reports:
- NEP-AFR-2007-08-18 (Africa)
- NEP-ALL-2007-08-18 (All new papers)
- NEP-DEV-2007-08-18 (Development)
- NEP-PBE-2007-08-18 (Public Economics)
- NEP-PPM-2007-08-18 (Project, Program & Portfolio Management)
You can help add them by filling out this form.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Four lessons from railways in Ghana
by Johan Fourie in Johan Fourie's Blog on 2012-11-27 19:29:39
- High-speed rail in South Africa: too costly to consider
by Johan Fourie in Johan Fourie's Blog on 2013-06-02 07:57:55
- 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).
- 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.
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