A Southern Africa Development Community (Sadc) Regional Infrastructure Master Plan (RIMP) has been finalised. It will be presented to the sub-regionâ€™s heads of State for official sanction at an upcoming summit scheduled for Maputo, Mozambique in August.
The plan could involve cross-border projects with a combined investment value of up to $500 billion. It proposes the development of regional power, transport, water, communications, tourism and metrology infrastructure over a 15-year period, from 2012 to 2027.
The RIMP has been broken down into its respective subcomponents, with deployment expected to be pursued over three five-year intervals, with the first implementation period having been outlined for 2012 to 2017.
Sadc deputy executive secretary for regional integration JoÃ£o Caholo says the master plan is the product of â€˜deepâ€™ stakeholder consultation and will be presented to regional infrastructure ministers in Luanda, Angola, next week and then to a gathering, in the same city, of the blocâ€™s finance ministers in July.