Thursday, December 19, 2013
BUILD Africa Forum: New three-way partnership to tackle Africa’s infrastructure challenges
BRAZZAVILLE, Republic of the Congo, December 18, 2013/ -- The BUILD Africa Forum (http://www.buildafricaforum.com) is pleased to announce a strategic partnership with the Institute for Infrastructure Studies (I.I.S.), a leading infrastructure think-tank based in London, UK and Doha, Qatar.
The BUILD Africa Forum will be held in Brazzaville, the Republic of the Congo, from the 5th to the 7th of February 2014
The BUILD Africa Forum, together with the I.I.S. and the African Development Bank’s Africa50 Fund, have joined forces and committed their combined expertise in infrastructure investment and finance to develop solutions to Africa’s infrastructure funding gap.
The strategic relationship aims to answer the following key questions:
• How will infrastructure investment risk profiles develop over the next 20 years and what mitigations can governments implement to incentivize investment?
• How can infrastructure financing and delivery models be developed to attract private finance into the region?
• How can Africa improve infrastructure delivery and avoid the costly overspends that have afflicted other regions?
Through these strategic partnerships, BUILD Africa aims to develop an understanding of the various ways in which projects can be accelerated and increase the number of infrastructure projects that reach bankability. Using its ability to bring together the private sector, governments, multi-lateral organizations and global investors, the BUILD Africa Forum will ensure that the results and ideas developed in Brazzaville are successfully executed in future African infrastructure projects.
Invitations to BUILD Africa can be requested online: http://registration.buildafricaforum.com/
Notes for editors:
Quotes on the Institute for Infrastructure Studies & BUILD Africa forum partnership
Ian Kennedy, co-founder of the I.I.S.: “As a whole, Africa requires over 90 billion USD of investment per year over the next 20 years if its member states are to adequately develop core infrastructure and fulfill their potential as an emerging economies. With global infrastructure investment forecast at USD 60 trillion to 2030, and a growing reliance on private finance, Africa needs to ensure it can secure its share of financial investment. We are therefore delighted to be working in this alliance with the aim of developing investment models that can bridge the gap between government finance and private capital whilst ensuring that projects are managed effectively and delivered on time.”
Jean-Jacques Bouya, Minister to the President of the Republic for Spatial Planning and Delegate General for Major Public Works, Republic of the Congo: “We are delighted to formalise our relationship with the I.I.S and to be working with them and the African Development Bank to create new and innovative methods for infrastructure funding and delivery in Africa”.
The BUILD Africa Forum (Brazzaville Unites Infrastructure Leaders for Development) (http://www.buildafricaforum.com) will be held in Brazzaville, the Republic of the Congo from the 5th to the 7th of February 2014. Held under the high patronage of His Excellency President Denis Sassou N'Guesso, the BUILD Africa Forum will gather more than 500 business and political leaders, who will endeavor to find innovative solutions to Africa's numerous infrastructure challenges and ambitions.
Please click here (http://bit.ly/19SULo7) for more information about BUILD Africa or visit online at http://www.buildafricaforum.com.
The Institute for Infrastructure Studies is a non-profit foundation based in London and Doha that works to help financial institutions, governments and sponsors of large, complex infrastructure programmes to appraise and manage the inherent risks associated with these assets at the development stage. The Institute aims to become the global centre of excellence in understanding the financing, risk appraisal and management of large complex infrastructure projects such as public and freight transportation systems, ports, social infrastructure and stadia.
Africa50 (AfDB Group) is a new and innovative vehicle which is re-imagining infrastructure financing and aims to unlock global private capital to close the Africa infrastructure gap. Africa50 will bring to the market much needed financing tools and services, mainly offered through its two sub-vehicles: Project Finance and Project Development. It will be groundbreaking in its design and structure, leveraging infrastructure-financing resources from a diverse set of sources. Africa50 is in the process of raising $10 billion USD to finance infrastructure projects across the continent.
For more information & press material, on the BUILD Africa forum please contact:
BUILD Africa Forum