The Master Plan seeks to improve connectivity in the region, leading to huge advances in the movement of people and goods.
The Plan’s implementation will be carried out over three five-year periods, and it will focus on energy, transport, information technology and communications, meteorology, water and tourism. Over the entire fifteen year period the projects could absorb a total of 500 billion dollars.
These details were revealed during a press conference held by the Executive Secretary of SADC, Tomaz Salomao, ahead of the regional infrastructure investment conference which is being hosted in Maputo on Thursday and Friday.
The conference is being held under the theme “Accelerating investment in SADC infrastructure through sustainable and innovative financing”.
According to Salomao, “the main objective of the conference is to promote to investors the potential for funding priority infrastructure projects contained in the Short Term Action Plan (STAP), which is to be implemented in the next five years”.
Attending the conference will be Mozambican President Armando Guebuza in his capacity as SADC Chairperson, and his Malawian counterpart Joyce Banda.
Salomao added that over two hundred delegates will participate in the conference including investors, cooperation partners, heads of continental and regional organisations, ministers and high ranking government officials.
South African President Jacob Zuma was due to participate but has cancelled due to the deteriorating health of Nelson Mandela.
Post published in: Africa News