By Public-private infrastructure advisory facility, The World Bank
The file attracts on inputs from discussions with the woking team contributors from the govt. in addition to with representatives of the personal quarter.
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Additional info for Private Solutions for Infrastructure in Lesotho
In supervising Telecom Lesotho’s exclusive rights as the nation’s only fixed-line telephone operator, the Lesotho Telecommunications Authority has some latitude in trading off investments in rural telephony versus other priorities, and the need for improved bandwidth for industry can be kept in mind in such an instance. The privatization of the LEC should bring with it an improvement in power reliability and quality; if not, it will come under the watchful eye of the forthcoming regulator for that sector in any case.
In the meantime, however, this discussion enables one to appreciate the difficulty of finding a single infrastructure expansion strategy that can provide the foundation for future equitable economic growth. This might be simple if it were clear that export-led growth would trickle down within the economy, or if the Basotho people shared the belief that FDI-led growth would trigger indigenous growth in the rural economy. But the last decades of domestic economic growth have proven this reasoning to be flawed.
5 billion Rand. Government has not shifted this investment burden to the private sector; it has merely deferred and smoothed out the timing of its own payment stream for this project. There are also mixed projects that combine public and private investment with private operations. This is typical of a situation wherein government makes use of subsidies to expand infrastructure. It may choose to subsidize a connection fee for sewer reticulation to a household, for example, but the private sector remains responsible for financing and recovering operating costs from customers.