Market Analysis on Financial Sustainability and Commercial Viability of BRTs in Sub-Saharan Africa
Over the past decade, Bus Rapid Transit (BRT) has been seen to offer an effective solution to the transport challenges faced in many cities in Sub-Saharan Africa (SSA), as a mass transit system which can deliver capacity matching that of urban rail...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/531121625754528253/Market-Analysis-on-Financial-Sustainability-and-Commercial-Viability-of-BRTs-in-Sub-Saharan-Africa http://hdl.handle.net/10986/35991 |
| Summary: | Over the past decade, Bus Rapid Transit
(BRT) has been seen to offer an effective solution to the
transport challenges faced in many cities in Sub-Saharan
Africa (SSA), as a mass transit system which can deliver
capacity matching that of urban rail systems, with the
potential to be delivered more rapidly and at relatively
lower cost. While urban transport infrastructure has
traditionally been financed by the public sector, there is
increasing interest from SSA governments in engaging the
private sector to support the delivery of BRT schemes.
However, despite the private sector has expressed interest
for investment, the mobilization of private sector capital
has been slow and difficult. The objective of this study is
to undertake a systematic sector market analysis of BRT
schemes in Sub-Saharan Africa from the perspective of the
private sector, to understand the thinking and experience of
private sector stakeholders participating in BRT schemes.
The study also explores the reasons behind the hesitancy
shown in this context by private investors. This report of
the study comprises two main parts: (1) a desktop overview
of the current commercial and financial landscape of BRT and
urban transport financing in SSA, identifying current
financing schemes and investors at presence or with
interest; and (2) a market assessment of investors’ appetite
for BRTs, and their risk analysis, based on responses to a
survey questionnaire and interviews. |
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