GIS - Nov 14, 2012: The capital investment programme for the infrastructure sector for year 2013 will amount to Rs 28.6 billion, that is, an increase of 39%.
Investments will be made in the water, electricity, waste management, wastewater management, roads, port, airport and communication sectors, amongst others.
In order to create a level playing field, the country’s procurement legislation will be amended to grant a 15 % margin of preference to companies employing at least 80% local manpower, when competing for public works contracts.
In order to cut costs, Budget 2013 makes provision for the following:
• Doubling to Rs 200 million the funds available for the solar water heater scheme operated by DBM.
All large beneficiaries of concessionary electricity tariffs will be required to conduct an energy audit if they are to preserve this benefit and implement all commercially viable recommendations.
• Application of differentiated excise duties on household appliances to discourage the purchase of energy inefficient products. Energy inefficiency appliances will be subject to a modulated penalty levy of up to 25 percent.
• Installation by the CEB of an additional 10,000 smart meters in 2013 to build on the 1,000 already installed. This will cover the 50% largest consumers.
The CEB will apply a time of use tariff and fifty percent accelerated capital allowances in respect of investment in green technology.