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The report Global Infrastructure Outlook has just been published by Oxford Economics and Global Infrastructure Hub, a G20 initiative. This report aims to estimate the infrastructure investment needs of a dozen African economies, including Tunisia, in order to reach the best level displayed by a benchmark composed of low- and middle-income countries.
A second comparable is used, namely the United Nations Sustainable Development Goals for access to electricity, and drinking water and sanitation on the horizon in 2030.
7 types of infrastructure are covered by this report: roads and bridges, railway networks, airports, ports, electricity, drinking water and telecommunications.
Tunisia is one of the six countries newly affected by this report. Benin, Côte d'Ivoire, Ghana, Guinea and Rwanda. These different countries belong to different geographical areas and are currently in different phases of the economic cycle. The reporting horizon is 2040.
Encouraging but insufficient figures
The report's findings show that for all ten countries, the infrastructure deficit is significant. The inventory shows that current installations only cover 57% of requirements against a world average of 81% . For example, only 60% of the inhabitants of these countries have access to electricity, 44% to drinking water and sanitation. The necessary investment envelope would be of the order of 2 trillion dollars by 2040 if the benchmark is the group of low or middle income countries. $ 2.4 trillion would be needed if the objectives of the United Nations were to be met
As far as Tunisia is concerned, the report is rather positive. Our investment needs for the period 2016-2040 are of the order of 75 billion dollars so current intentions do not seem to put on the table that 54 billion dollars . Only three countries intend to spend less than us over the same period, namely Rwanda, Benin and Guinea. In terms of GDP, Tunisia is the country that needs to spend the least to catch up. Moreover, Tunisia ranks second after Morocco in terms of spending on infrastructure over the 2007-2015 period. We are the country that has invested the most in telecommunications, ports and roads in relation to GDP. We are third investors in rail networks, electricity and airports. Tunisia remains the wealthiest country among the ten selected, with the best GDP / capita today and even in 2040, which has the lowest population growth (0.6%) and the highest rate of urbanization
But our big weak point is the roads. The report insists that Tunisia needs to double its planned spending to make up for the delay. But in other types of infrastructure, the ranking is more than honorable. At the level of rail networks, Tunisia does not need additional investments, compared to those programmed. The report even mentions " a very good quality of infrastructure relative to the amounts allocated ". The same is true for airports and telecoms. Regarding access to electricity, Tunisia is generally in a good position if the planned investments are taken into account.
Overall, the report gives us a good position in the continent and shows that Tunisia remains a countries where there are real investment opportunities. In the current state where few international institutions look favorably on us, we must certainly capitalize on this document and, above all, use it as a basis in our development plans.
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