FINANCING URBAN INFRASTRUCTURE DEVELOPMENT PROJECTS : AN ANALYSIS OF THE STRATEGIES USED IN KADUNA

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Date
1993
Authors
SAMBO, SULEIMAN
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Abstract
The study set out to appraise the existing strategies for financing infrastructure development projects in Kadunu Metropolis. This covers the choice of sources of fiance, methods of deployment of finances, and the terminal aspects such as recovery, repayment e . t . c . The study begins with a general review of the various strategies for financing urban infrastructure development projects. The existing strategics in use in the study area wore also examined in order to assess their effectiveness in infrastructure development projects financing in Kaduna Metropolis. Findings from the empirical study reveal that, government financial commitments towards the provision of infrastructure on planned sites has declined over the years. This is because the demand for the maintenance of existing urban infrastructure and provision of new ones far outweighs the financial resources at the disposal of the government. The analysis of the existing policies and strategies for financing urban infrastructure development projects reveals that, tin; strategies are not based on comprehensive subject plans and cost estimates. Therefore, they have; proved to be ineffective. This resulted in increased cost of infrastructure provision which has led to the abandonment of many infrastructure development projects. This study also established that, plot deneficiaries show willingness to contribute towards financing the provision of infrastructure, particularly pipe-borne water, roads and drains, electricity etc. The analysis further reveals the need for the evolution of alternative approach for financing" urban infrastructure development projects, considering the resources available and the socio-economic characteristics of the area.
Description
DEPARTMENT OF URBAN AND REGIONAL PLANNING FACULTY OF ENVIRONMENTAL DESIGN AHMADU BELLO UNIVERSITY ZARIA.
Keywords
FINANCING,, URBAN,, INFRASTRUCTURE,, DEVELOPMENT,, PROJECTS,, ANALYSIS,, STRATEGIES,, USED,, KADUNA
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