Key Projects of Seychelles

Seychelles water and sanitation programme

In 2012 it was announced that a new initiative would be launched in a bid to secure provisions for drinking water in the Seychelles, which have historically been threatened by irregular rainfall and periods of drought. In an investment programme backed by the European Investment Bank, €27 million will go towards carrying out upgrades to the island’s water network, as well as implementing new sewer facilities and other measures to reduce water loss. European Investment Bank funding will make up approximately 41 per cent of the overall project costs, with further funding contributed by the government and the Public Utilities Corporation, as well as the European Development Fund, African Water Facility grant, Agence Française de Développement and African Development Bank.

Public-Private Partnerships

The beginning of the 2010s in Seychelles represented a critical period for the economic development of the country. In a relatively short time period Seychelles has moved through a number of reforms, which has resulted in improved economic forecasts and better relations with major development partners. As part of the first generation of reforms, they focused extensively on improving the business climate and supporting private sector-led growth. To this effect, a number of legislative, regulatory and institutional reforms took place, including the Licensing Amendment Act 2010, which, in part, aimed to simplify licensing procedures; and the Investment Act 2010, which sought to give the Seychelles Investment Bureau better leverage to attract foreign investors and promote public–private partnerships.