Developing Africa's Transport : The Shifting Paradigm
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...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/07/12866351/developing-africas-transport-shifting-paradigm http://hdl.handle.net/10986/9890 |
| Summary: | 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. |
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