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An assessment of infrastructure financing in South Africa : a theoretical assessment

- Chiloane, K.O., Aigbavboa, C.O.

  • Authors: Chiloane, K.O. , Aigbavboa, C.O.
  • Date: 2016
  • Subjects: Infrastructure , Finance , South Africa
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/215197 , uj:21377 , Citation: Chiloane, K.O & Aigbavboa, C.O. 2016. An assessment of infrastructure financing in South Africa : a theoretical assessment.
  • Description: Abstract: Infrastructure development in many countries is considered as the most important factor which contributes to production growth by encouraging economic activities, productivity and improving the quality of life. Infrastructure is considered to have a positive and significant effect on productivity growth in all sectors of the economy. Infrastructure development is a means of promoting economic growth and it is essential for any country to investment in infrastructure that will leads to economic growth. Infrastructure is categorized in different category namely: physical infrastructure (which includes water system, electricity, roads and transport, etc.) and social infrastructure (which includes education and health facilities). In simple words infrastructure development aid to stimulates economic growth and create jobs for citizens. This is the indication that government must invest in infrastructure development and enjoy the benefits their investments will stimulates and also to maintain service delivery to the public. The objective of this study is to assess the sources of infrastructure financing in South Africa. The study is conducted with reference to existing theoretical literature, published and unpublished researches in order to assess the sources of infrastructure financing in South Africa. Findings revealed that there are major sources of infrastructure financing which includes: tax revenues; lenders to government or enterprises (loans or guarantees); private investors (equity); development agencies (loans); donors (grants); tariffs and public-private partnerships. The study is conducted with reference to existing literature, unpublished and published research. Hence, this study assess the sources of infrastructure financing in South Africa and presented a robust background on the current sources of infrastructure financing. The findings of this study thus contribute to the body of knowledge on infrastructure financing and other available sources of infrastructure financing other than the use of taxation revenues to finance infrastructure. Furthermore, the findings provides a robust understanding of the need and importance of financing infrastructure.
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A factor analysis of transportation infrastructure feasibility study factors : a study among built environment professionals in South Africa

- Okoro, Chioma Sylvia, Musonda, Innocent, Agumba, Justus Ngala

A factor analysis of transportation infrastructure feasibility study factors : a study among built environment professionals in South Africa

- Okoro, Chioma Sylvia, Musonda, Innocent, Agumba, Justus Ngala

An exploratory factor analysis of transportation project sustainability indicators : a case of projects in South Africa

- Okoro, Chioma, Musonda, Innocent, Agumba, Justus Ngala

  • Authors: Okoro, Chioma , Musonda, Innocent , Agumba, Justus Ngala
  • Date: 2019
  • Subjects: Infrastructure , Performance , South Africa
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/396810 , uj:32956 , Citation: Okoro, C., Musonda, I. & Agumba, J.N. 2019. An exploratory factor analysis of transportation project sustainability indicators: a case of projects in South Africa.
  • Description: Abstract: Sustainable transportation is vital since its impact traverses generations. The concept of sustainable transportation is known to account for incorporation of various elements including environmental, economic, social and institutional factors. The current study employed exploratory factor analytic technique using maximum likelihood factoring to identify critical indicators for assessing transportation infrastructure projects in South Africa. Using purposive and snowball sampling, a questionnaire was distributed via email, google forms and by hand, to project managers, directors, construction managers, planners and feasibility study consultants involved in transportation projects at different stages, in the nine provinces of South Africa. Empirical data amassed from 132 responses, were analysed using SPSS version 25 software.s Descriptive analyses were used for preliminary analyses. Inferential statistics was conducted using exploratory factor analysis, to output common factors and the minimum number of variables that were related to each construct. Findings revealed that a four-factor structure including infrastructure condition and impacts, user acceptability, financial management and safety and security, can adequately measure transportation infrastructure project sustainability. By establishing critical indicators for assessing transportation projects, the study provides relevant evidence to develop strategies to ensure that such investments bring lasting and desirable impacts in the long run. The study was conducted in South Africa and may not be generalisable to other geographical regions, which may have differing priorities with regard to sustainable performance of transport infrastructure. Further studies are on-going to validate the four-factor structure using confirmatory factor analytical techniques.
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Validating a framework of transportation infrastructure project sustainability measures

- Okoro, Chioma Sylvia, Musonda, Innocent, Agumba, Justus Ngala

  • Authors: Okoro, Chioma Sylvia , Musonda, Innocent , Agumba, Justus Ngala
  • Date: 2019
  • Subjects: Confirmatory factor analysis , Infrastructure , South Africa
  • Language: English
  • Type: Conference proceedings
  • Identifier: http://hdl.handle.net/10210/407489 , uj:34302 , Citation: Okoro, C.S., Musonda, I., Agumba, J.N. 2019: Validating a framework of transportation infrastructure project sustainability measures.
  • Description: Abstract: t Purpose of this paper Transportation infrastructure contributes significantly to any economy. However, the long-lasting nature of such projects is threatened if sustainability elements are not taken cognizance of during the planning and operation stages of the projects. The objective of the current study is to validate a structure of transportation project sustainability measures to evaluate projects and ensure continual delivery of intended benefits in the long run. Design Empirical data were collected using a field questionnaire survey developed from literature review and a preliminary qualitative inquiry. A total of 132 built environment professionals were included based on purposeful and snowball sampling techniques. A model-generating confirmatory factor analysis was undertaken to validate underlying structures of sustainability measures. Findings The findings validated that a four-factor structure, with eleven variables, could adequately measure transportation infrastructure project sustainability (PS). The CFA structure achieved construct, convergent and discriminant validity, with fewer variables than theorised and established in the exploratory factor analysis. Value The validated four-factor structure is envisaged to be beneficial to transportation infrastructure project stakeholders in better decision-making with regard to selecting worthwhile projects as well as monitor operational projects with the aim of delivering long-term benefits to generations of users.
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Validity and reliability of a transportation infrastructure sustainable performance framework : a study of transport projects in South Africa

- Okoro, Chioma Sylvia, Musonda, Innocent, Agumba, Justus Ngala

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