KIGALI, Oct. 17 (Xinhua) -- The Rwandan government seeks to strengthen cooperation with private financial institutions on infrastructure development, Infrastructure Minister Claver Gatete said here Thursday.
"Currently over 95 percent of the infrastructure development is financed by the government and this is not sustainable. Therefore, partnership with financial institutions should be enhanced," Gatete said at an investment summit.
The Rwandan government considers infrastructure development as a key pillar for the country's economic growth and this cannot be achieved without this kind of partnership, Gatete said.
The government has initiated several public-private partnership projects in such areas as road, energy plant, information and communication technology, airport and affordable housing, and they will be achieved if private companies invest in these projects, he said.
The government is committed to creating an enabling environment for greater performance of the private sector in infrastructure development, he said.
"It is very crucial for Rwanda to host this important summit that triggers more economic cooperation in terms of investing in and financing our development projects," he added.
The one-day summit, co-organized by the Development Bank of Southern Africa and the Development Bank of Rwanda, was held at Radisson Blu Hotel Kigali Convention Center.