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Print articleInfrastructure Development in East Timor - A Wide Range of Business Opportunities
June, 2013 - PLMJ
It is known that the effects of better infrastructures on a country’s economy are enormous and this fact has been widely recognised in the ambitious Strategic Development Plan laid down by the Government of East Timor, which highlights that the “policy framework to 2020 will ensure that Timor has quality national infrastructures in place by the end of this decade.”
More, the Development Plan refers that infrastructure investments constitute the second pillar of public leadership and that successful economic development must be based on strong national infrastructure including roads, power, telecommunications, air and sea ports, and urban infrastructure.
The development of essential infrastructures is, therefore, a crucial pillar of the Government’s Plan in light of the country’s needs of fundamental infrastructures to support its rapidly growing economy. The Government revenues, including petroleum revenues, will support public spending of around US$1 billion per year, with the remainder accumulating in the Petroleum Fund.
