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Building Integrated Markets within the East African Community : EAC Opportunities in Public-Private Partnership Approaches to the Region's Infrastructure Needs

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  • World Bank

Abstract

There are significant economic gains to be realized if the East Africa sub region improves the overall integration of its markets. But infrastructure development that links markets across countries faces particular challenges, political, institutional, and economic. In the case of East Africa, these challenges have served to hold back investment into regional infrastructure, despite significant recent efforts within the region to develop regional infrastructure investment plans and promote an increased use of Public-Private Partnership (PPP) approaches to mobilize private sector financing and expertise. The report also recommends funding options for regional PPPs. The two main products identified are a Viability Gap Facility (VGF), which would bridge the gap between the commercial viability of a regional PPP and its economic viability; and a Project Development Facility (PDF), which could support the preparation costs of regional PPPs. The VGF could potentially be linked to the EAC Development Fund. Partner States need to be aware when designing these products that they may compete for funds with domestic financing needs. The report also considers the desirability of a regional long-term debt facility, and while there is widespread recognition of the need for longer-term local currency financing, the challenges involved in implementing such a facility are such that this will need to be revisited at a future date.

Suggested Citation

  • World Bank, 2014. "Building Integrated Markets within the East African Community : EAC Opportunities in Public-Private Partnership Approaches to the Region's Infrastructure Needs," World Bank Publications - Books, The World Bank Group, number 18552, December.
    • Handle: RePEc:wbk:wbpubs:18552
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/18552/884840PUB0Box30220140see0also083765.pdf?sequence=1
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    References listed on IDEAS

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    1. Paul Jourdan, 1998. "Spatial development initiatives (SDIs) - the official view," Development Southern Africa, Taylor & Francis Journals, vol. 15(5), pages 717-725.
    2. Jonathan Mitchell, 1998. "The Maputo Development Corridor: A case study of the SDI process in Mpumalanga," Development Southern Africa, Taylor & Francis Journals, vol. 15(5), pages 757-769.
    3. Cesar Queiroz & Ada Karina Izaguirre, 2008. "Worldwide Trends in Private Participation in Roads : Growing Activity, Growing Government Support," World Bank Publications - Reports 10607, The World Bank Group.
    4. Carolina Monsalve, 2009. "Private Participation in Transport : Lessons from Recent Experience in Europe and Central Asia," World Bank Publications - Reports 10540, The World Bank Group.
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    Cited by:

    1. Robert Osei -- Kyei & Albert P.C. Chan, 2016. "Developing Transport Infrastructure in Sub-Saharan Africa through Public--Private Partnerships: Policy Practice and Implications," Transport Reviews, Taylor & Francis Journals, vol. 36(2), pages 170-186, March.

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