Mauritius needs $7.3 billion for infrastructure
Mauritius needs to
raise some 225 billion rupees ($7.31 billion dollars or about N1.6
trillion naira) over the next 10 years to finance its public
infrastructure development, finance minister, Pravind Jugnauth, said on
Thursday.
The minister also
criticised banks’ reluctance to lend, saying this could have a
disastrous effect on the country’s capital formation and economic
growth.
The amount needed for infrastructure is expected to rise to about 1
trillion rupees once the amount required for private investment is
added, Mr. Jugnauth said.
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