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