Govt invests $2bn in PSIPs

0
165

LIVINGSTONE MARUFU

The Government has invested ZWL$2bn in Public Sector Invest­ment Programmes (PSIPs) to ensure effective implementation of national development projects.

PSIP is the budgeting and stra­tegic planning tool available to the government to translate its policies and plans into tangible projects and programmes, which will ultimately boost the country’s revenue.

Finance and Economic Develop­ment minister Mthuli Ncube told Business Times recently that the gov­ernment had to find other revenue making mechanisms to keep up with the rising cost of living.

“The government has set aside close to ZWL$2 billion for various projects in agriculture, infrastructure development, health and tourism under the PSIPs to enhance capacity in the civil service and expand Zim­babwe’s revenue generating meth­ods,” the finance minister said.

“If properly done, these pro­grammes, together with public pri­vate partnerships, will ensure that projects implemented by the govern­ment will realise the development goals set in the country’s growth and development strategy, in a more ef­ficient and effective manner,” Ncube said.

Ncube said the government was cognisant of the need to continuous­ly review the conditions of service of civil servants. The government recently awarded them a 30% salary increase, and has provided a fleet of buses to facilitate the movement of civil servants to and from work.

In addition, efforts are still un­derway to provide decent accom­modation to civil servants under the PSIPs.

In rural areas and farms, the gov­ernment is targeting the develop­ment of 11,400 hectares of low-cost irrigation schemes under PSIPs to improve agriculture productivity.

The development is set to increase the size of irrigable land as the coun­try moves to produce crops all year round to earn extra money.

Under this programme, the gov­ernment is also negotiating for ag­riculture equipment suppliers to provide $30m worth of implements to start various irrigation projects in the last quarter of the year.

There are also ongoing PSIPs Pro­jects such as Chiduku-Tikwiri in Manicaland, Chitora in Mashona­land East, and Fuwe Panganayi in Masvingo to shield the nation from droughts.

The Ministry of Finance is target­ing 200 hectares of irrigated land per district under the PSIPs in a bid to improve productivity per hectare.

The government wants to increase the country’s current 150,000 hec­tares of irrigable land to 300,000 hectares in the next three years.

The government will give set aside ZWL$2bn to public private part­nership to develop large-scale high-budget infrastructure projects on a cost effective and sustainable basis. The PPP model is an infrastructure-financing trend that is used globally.