Reform, Private Capital Needed to Develop Infrastructure in Africa : Problems and Prospects for Private Participation

Reform, Private Capital Needed to Develop Infrastructure in Africa : Problems and Prospects for Private Participation

In Sub-Saharan Africa, the overwhelming need for infrastructure has motivated regional economic organizations to push for an ambitious agenda of private participation. But to begin solving Africa's infrastructure investment problems will also require broad institutional reform along with greater financial commitments by governments and donors. The private sector appears capable of supplying only a fraction of the estimated US$5-12 billion a year in additional infrastructure finance that Africa needs to meet its Millennium Development Goals for infrastructure. Meeting Africa's infrastructure development challenges will require substantial increases in government budgetary allocations and official development assistance.

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Bibliographic Details
Main Authors: Leigland, James, Butterfield, William
Language:English
Published: World Bank, Washington, DC 2006-05
Subjects:ACCESS TO SAFE WATER, BORDER INFRASTRUCTURE, CONCESSION, CONCESSION ARRANGEMENTS, CONTRACT PERIODS, CONTRACT RENEWAL, ECONOMICS, FINANCIAL CLOSURE, HIGHWAY, IMPROVEMENTS, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE ECONOMICS, INFRASTRUCTURE FINANCE, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE PROJECTS, INFRASTRUCTURE SECTOR, INTERNATIONAL ARBITRATION, INVESTMENT IN INFRASTRUCTURE, INVESTMENT IN INFRASTRUCTURE PROJECTS, LEASE CONTRACTS, LONG-TERM CONCESSIONS, NONGOVERNMENTAL ORGANIZATIONS, OPERATIONS, POPULATION WITH ACCESS, PRIVATE CAPITAL, PRIVATE FIRMS, PRIVATE INFRASTRUCTURE, PRIVATE OPERATORS, PRIVATE PROVIDERS, PRIVATE SECTOR DEVELOPMENT, PRIVATE SERVICE PROVIDERS, PRIVATE SPONSORS, PUBLIC SECTOR, PUBLIC-PRIVATE PARTNERSHIPS, REGIONAL INFRASTRUCTURE, ROADS, SERVICE PROVISION, SUB-SAHARAN AFRICA, SUSTAINABILITY, TECHNICAL ASSISTANCE, TOLL, TOLL HIGHWAY, TOLL ROADS, TRANSPORT, TRANSPORT PROJECTS, WATER PROJECTS, WATER SUPPLY,
Online Access:http://documents.worldbank.org/curated/en/2006/05/7090890/reform-private-capital-needed-develop-infrastructure-africa-problems-prospects-private-participation
https://hdl.handle.net/10986/10738
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Summary:In Sub-Saharan Africa, the overwhelming need for infrastructure has motivated regional economic organizations to push for an ambitious agenda of private participation. But to begin solving Africa's infrastructure investment problems will also require broad institutional reform along with greater financial commitments by governments and donors. The private sector appears capable of supplying only a fraction of the estimated US$5-12 billion a year in additional infrastructure finance that Africa needs to meet its Millennium Development Goals for infrastructure. Meeting Africa's infrastructure development challenges will require substantial increases in government budgetary allocations and official development assistance.

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