Extensive and efficient infrastructure is critical for ensuring the effective functioning of the economy, as it is an important factor in determining the location of economic activities and the kinds of activities or sectors that can develop within a country. Well-developed infrastructure reduces the effect of distance between regions, integrating the national market and connecting it at low cost to markets in other countries and regions.
A well-developed transport and communications infrastructure network is a prerequisite for the access of overall economic efficiency by helping to ensure that businesses can communicate and decisions are made by economic actors taking into account all available relevant information. A well-developed energy infrastructure is perquisite for industrialization and socio-economic development.
In regard to infrastructure, I am particularly concerned with the quality of overall infrastructure (transport, telephony and energy); quality of roads, quality of railroad infrastructure, quality of port infrastructure, quality of air transport infrastructure, available airline seat kilometers, quality of electricity supply, mobile telephone subscriptions, and fixed telephone lines.
My government proposes to allocate at least 6% of the national budget to energy and natural resources; 6% to transport and urban development and 3% to information, communications and technology. This budgetary allocation will ensure that we have quality infrastructure to spur socio-economic development.