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

Estian Calitz and Johan Fourie

No 15/2007, Working Papers from Stellenbosch University, Department of Economics

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 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.

Keywords: Infrastructure financing; government loans; benefit taxation; guarantees; private-public partnerships; South Africa (search for similar items in EconPapers)
JEL-codes: H54 H72 H81 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-afr, nep-dev, nep-pbe and nep-ppm
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Citations: View citations in EconPapers (6)

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https://www.ekon.sun.ac.za/wpapers/2007/wp152007/wp-15-2007.pdf First version, 2007 (application/pdf)

Related works:
Journal Article: Infrastructure in South Africa: Who is to finance and who is to pay? (2010)
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