PSIP sets out a three-year rolling strategic investment plan for public sector projects, programmes and schemes that reflect national priority areas for development and identifies the potential financing sources.
The PSIP covers capital projects, programmes and schemes that are financed from –
(a) the Consolidated Fund;
(b) Special Funds, set up under the Finance and Audit Act; and
(c) State-Owned Enterprises/Public Entities (SOEs) own funds.
These projects are executed by –
(a) Ministries and Departments;
(b) Local Authorities;
(c) Rodrigues Regional Assembly; and
(d) State-Owned Enterprises/Public Entities (SOEs).
These constitute the PSIP for the three years 2022/23 to 2024/25.
With the aim of providing greater visibility to investors, the PSIP document also provides an indicative list of public projects which are being prepared and are planned to be financed and executed by the private sector through alternative financing modes including Public-Private Partnership (PPP) and Build Operate Transfer (BOT) mechanism.
Furthermore, the PSIP document also provides a list of project proposals that are at early stages of their life cycle, for which funds are earmarked for preparation only. These projects, once ready for implementation, will integrate the PSIP.
Here is the full report:
