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Developing Africa's Transport : The Shifting Paradigm

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World Bank (WB)

Abstract: Providing effective and efficient infrastructure underpins all attempts to reduce poverty. Trade is the engine of economic growth, and reliable and efficient transport is essential for successful trade. Transport is needed to facilitate production and exchanges, enable farmers to produce and bring their products to markets, and provide the basis for private investment. The poor state of transport infrastructure impedes Africa's development and obstructs poverty reduction. Introducing the private sector into managing and financing transport infrastructure in Africa cannot be approached as a classical private sector development case. It requires special attention to address issues linked to public, private partnerships in the region. Investments in African transport infrastructure are vulnerable to political risks, including governmental reneging on regulatory commitments. Establishing an adequate legal and regulatory framework will help build trust with the business community and specify clear rules and procedures. This framework will ease the constraints on mobilizing local finance by introducing risk-reducing mechanisms.
Type: Publications & Research :: Brief
Publications & Research
Link: http://hdl.handle.net/10986/9890
Subject: BUSINESS COMMUNITY
CENTRAL GOVERNMENTS
COMMERCIAL RISKS
CONCESSIONS
CORPORATE RESTRUCTURING
DECENTRALIZATION
ECONOMIC GROWTH
EFFICIENT TRANSPORT
ENTREPRENEURS
EQUITY GOALS
EQUITY PARTICIPATION
FINANCIAL INSTITUTIONS
FISCAL CONSTRAINTS
FOREIGN PARTNERS
GROWTH RATES
GUARANTEE MECHANISMS
HIGHWAY
INFRASTRUCTURE PRIVATIZATION
INFRASTRUCTURE PROVISION
INFRASTRUCTURE SERVICES
INTERGOVERNMENTAL FISCAL TRANSFERS
INTERNATIONAL DEVELOPMENT
LOCAL ENTREPRENEURS
LOCAL FINANCE
LOCAL GOVERNMENT
LOCAL GOVERNMENTS
POLICY DEVELOPMENT
POLICY REFORMS
POLITICAL RISKS
PORTS
POWER
PRIVATE FINANCIAL INSTITUTIONS
PRIVATE INVESTMENT
PRIVATE INVESTMENT IN INFRASTRUCTURE
PRIVATE PARTNERSHIPS
PRIVATE SECTOR DEVELOPMENT
PRIVATE SECTOR PARTICIPATION
PUBLIC ENTERPRISES
PUBLIC EXPENDITURE
PUBLIC INSTITUTIONS
PUBLIC PARTNERSHIPS
PUBLIC SECTOR
PURCHASING POWER
RAILWAYS
REGULATORY CAPACITY
REGULATORY FRAMEWORK
REGULATORY FRAMEWORKS
REGULATORY REFORM
RESPONSIBILITY FOR TRANSPORT
REVENUE SOURCES
ROAD
ROAD MAINTENANCE
ROADS
RURAL TRANSPORT
RURAL TRANSPORT INFRASTRUCTURE
SERVICE DELIVERY
SOCIAL CAPITAL
SUB-NATIONAL
SUB-NATIONAL GOVERNMENTS
TECHNICAL ASSISTANCE
TRANSPARENCY
TRANSPORT
TRANSPORT INFRASTRUCTURE
TRANSPORT POLICY
TRANSPORT PROJECTS
TRANSPORT PROVISION
TRANSPORT SECTOR
VILLAGE




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