A comprehensive approach to the formulation of capital projects in developing countries : finance and implementation. Case study, Edendale, Kwazulu (housing)

Abstract

This Thesis deals with capital project formulation in developing countries. The objective is to provide guidelines for the formulation of housing development projects, their implementation structures and financial plans in order to improve the project cycle. This work has been divided into four sections. The sections are complementary, although each is addressed to a specific set of issues. The result of this Thesis is the formulation of a project proposal in the Republic Of South Africa. Chapter 1: Alternative Modes of Development Institutional Analyses and Case Examples housing and settlement alternatives, and appropriate financing instruments most applicable to the modes. This section covers site and service development. Discussion concentrates on analysis of the principles behind the formulation of Institutional capacity to mobilize savings in low income housing development. Chapter 2: The Role of Housing In Economic Development discusses housing as a capital investment. This section encourages the development of a sound financial infrastructure in support of housing development in developing economies. The detailed discussion of the technical aspects relating to the creation of viable financial institutions in support of housing is discussed in Chapter 1. Chapter 3: Financing and Implementation - The Project Cycle and Case Studies provides a detailed analysis of the policies, actions and plans of three agencies typically involved in the formulation of capital development projects. This section covers how these agencies carry out their activities . The identification, preparation, appraisal and supervision of projects for economic development, particularly low income housing projects in developing countries. Chapter 4: Project Edendale - KwaZulu: Republic of South Africa provides a project proposal as formulated by the author using the guidelines set out in the preceding text as reference material and with the aid of data collected in the field survey in 1900. A project program formulation format, the results of the analyses of the case studies forms the framework for the approach to the presentation of the model. Chapter 5: Case Studies Provides references for the model presented in Chapter 4 This section covers: two existing case studies, a World Bank Project, and a project formulated by an independent group of consultants for a government agency; the analysis of the financial plan and implementation structures, evaluations, and recommendations.