Trans Kalahari Corridor transformation underway
Wednesday, October 19, 2016
TKC is a corridor expected to run from Mmamabula through six coal producing regions in Botswana to Walvis Bay in Namibia. The project, which has a capital cost in the region of $12 billion to $15 billion, is anticipated to take seven to 10-years to be completed.
Botswana and Namibia signed a MoU on the Trans Kalahari Road in 2010. The following year, a pre-feasibility study for the project was completed and the government decided to proceed with the project. Two years ago, a bilateral agreement on the project was signed.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...