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Investor Presentaiton

Roads & Transport: Several factors limit roads' support to GDP growth Roads and transport Insufficient road construction Lack of coordination between Ministries of Works and Finance on timelines inhibits timely payments, hindering effective budgeting and delaying projects Inadequate communication reduces potential for combined efforts (e.g. Ministry of Works and RAAM¹ sharing construction assets), and could damage existing infrastructure (e.g., sewer pipes cut in road construction) Inefficient investment, cost spirals, and additional expenditures for non-road infrastructure 个 Insufficient maintenance planning and funding • Poor financing mechanism for maintenance - lack of a constant source of funding results in one- off approvals and delays Lack of coordination between Ministries of Works and Finance slows payment of mobilization fees, delaying repairs Revenue generation well below potential • • Insufficient number of vehicle inspections, impounds, and recoveries due to lack of resources Lack of coordination between Ministry of Transport and Board of Internal Revenue inhibits data collection on registered vehicles and reduces effective fee collection Large number of revenue generating government-owned assets (e.g., fuel dumps, quarrying machine, drilling machine) abandoned and now in disrepair 1. Rural Access and Agricultural Marketing Source: Stakeholder interviews Roads fall into disrepair and disincentivize long- distance supply chains and commerce Less revenue for road construction and maintenance 142 Copyright © 2019 by Boston Consulting Group. All rights reserved.
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