Wednesday, February 18, 2009

Mauritius to Spend $3.7 Billion Over 10 Years on Infrastructure

By Villen Anganan

Feb. 17 (Bloomberg) -- Mauritius will spend 125 billion rupees ($3.7 billion) over the next 10 years to improve the island’s infrastructure, Finance Minister Rama Sithanen said.

The project includes upgrades to roads, the airport and port, which are all constraining further economic development, Sithanen told reporters yesterday in the capital, Port Louis, at the signing of a five-year technical-assistance agreement with the World Bank.

“Some of the investment in infrastructure will have to be made through public-private partnerships,” he said.