DBSA special report
OPERATIONS: Staying ahead of risk factors
A series of stringent feasibility programmes ensures that each project meets its targets within the set time and cost
In a constrained economy, alleviating risk as far as possible becomes increasingly imperative. The DBSA’s Project Preparation Unit (PPU) was established to accomplish exactly this in conjunction with developing projects from conceptual stage to the point where they are bankable and ready to be implemented. Project preparation is a relatively new phenomenon within development banks, says DBSA GM for project preparation Mohale Rakgate, born in part to mitigate against the risk of projects not reaching fruition. Historically there has been little funding targeted at the preparation of projects within the public sector. As a result the percentage of projects that were successfully implemented was low. "The biggest challenge facing most development banks is around government capacity to see projects through to completion," says Rakgate. "Within the SADC region, SA is actually better than most, but many governments just don’t have an enabling environment when it comes to infrastructure pr...
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