Planned Capital Spending

Key capital projects which will be funded through the medium-term expenditure framework 2006-07 – 2008-09 N$2,6 billion – Mining, Fishing and Agriculture Sectors The Green Scheme and aquaculture activities will stimulate the economy, says Government.

N$750 million – Kudu Gas Project Government says ensuring a reliable electricity supply is an obligation towards the citizenry and essential for maintaining Namibia’s favourable investment climate. N$475 million – Boosting Tourism Government says making Namibia a popular tourist destination will help to develop new job opportunities.Some of this money will go towards upgrading Namibia’s national parks infrastructure.N$387 million – Northern and Aus-Luederitz Railways Government says speeding up the railways’ completion will create employment and make Namibia a regional transport hub.N$120,5 million – Development Bank of Namibia Resources for the bank will enable entrepreneurs to get financing for the establishment of businesses.N$75 million – Oshakati High Court Complete the High Court building and recruit new magistrates.N$44 million – New State House Quick completion of this project will prevent further cost escalation and will free up resources for other development projects, says Government.N$13,5 million – Anti-Corruption Commission For the development of the ACC’s institutional framework.Further funding will be considered afterwards.N$475 million – Boosting Tourism Government says making Namibia a popular tourist destination will help to develop new job opportunities.Some of this money will go towards upgrading Namibia’s national parks infrastructure.N$387 million – Northern and Aus-Luederitz Railways Government says speeding up the railways’ completion will create employment and make Namibia a regional transport hub.N$120,5 million – Development Bank of Namibia Resources for the bank will enable entrepreneurs to get financing for the establishment of businesses.N$75 million – Oshakati High Court Complete the High Court building and recruit new magistrates.N$44 million – New State House Quick completion of this project will prevent further cost escalation and will free up resources for other development projects, says Government.N$13,5 million – Anti-Corruption Commission For the development of the ACC’s institutional framework.Further funding will be considered afterwards.