International Journal For Multidisciplinary Research

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Enhancing Road Infrastructure Financing in Malawi: A Comprehensive Analysis & Recommendations

Author(s) Snowden Mmadi
Country South Africa
Abstract Purpose: This research study aims to critically analyze the effectiveness of Malawi’s road funding model, identify its strengths and weaknesses, and propose sustainable and innovative road funding model for improving road infrastructure financing in the country. Background: The inadequate state of road infrastructure in Malawi has hindered economic growth, connectivity, and social well-being. The existing road funding model faces challenges in generating sufficient funds for infrastructure development, maintenance, and rehabilitation. This study seeks to address these challenges and provide insights for a more effective and sustainable road financing approach.

Methodology: A comprehensive mixed-methods approach was employed, combining qualitative and quantitative research techniques. Stakeholder perceptions were collected through surveys and interviews to assess the current road conditions and funding model’s performance. Budgetary evaluations and expert interviews were utilized to analyze the financial dynamics and governance aspects of road infrastructure financing in Malawi.

Results: The evaluation of the road funding model highlighted a significant perception gap between desired and actual infrastructure quality, with stakeholders rating road conditions as poor. The research projected a substantial funding shortfall of US$3.5 Billion by 2037, equivalent to 28% of Malawi’s GDP, due to growing demand and inadequate financing. Despite efficient revenue collection mechanisms, the model struggled to meet infrastructure development needs.

Given the critical findings of this study, the study recommends the integration of Public – Private Partnership (PPPs) to leverage private investment thereby reducing the fiscal burden on the government. Additionally, introducing a dedicated road fund sourced from multiple revenue streams such as fuel taxes, road tolls, and international donor funds could diversify and stabilize funding sources. A governance oversight committee comprising financial experts, policymakers, and community representatives should be instituted to ensure transparency and effectiveness in fund allocation and utilization
Keywords Road infrastructure, Financing model, Infrastructure development, Sustainable, Innovative, Fuel levy
Field Sociology > Tourism / Transport
Published In Volume 5, Issue 5, September-October 2023
Published On 2023-09-08
Cite This Enhancing Road Infrastructure Financing in Malawi: A Comprehensive Analysis & Recommendations - Snowden Mmadi - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.6215
DOI https://doi.org/10.36948/ijfmr.2023.v05i05.6215
Short DOI https://doi.org/gsp9cv
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