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Financing Transport for Growth in Africa

3rd to 4th December 2007, Tunis

Outcomes Statement

A meeting under the theme “Financing Transport for Growth in Africa” was held in Tunis from 3rd to 4th December 2007. The meeting was organised by the Infrastructure Consortium for Africa (ICA), with the support of the African Development Bank.

The meeting brought together one hundred and twenty high-level representatives from both the private and public sectors. Project investors, contractors, operators, transaction advisors, concessionaires, banks, donors and African institutions held fruitful discussions with country-level sponsors on transport infrastructure projects from across the continent that require financing now and in the medium term. The meeting also offered an opportunity to review recent developments in the transport sector in Africa.

Participants were welcomed to the meeting by the African Development Bank’s Vice- President for infrastructure Mandla Gantsho. In his opening statement the President of the African Development Bank, Donald Kaberuka, emphasised the important link between Africa’s economic competitiveness and of scaled-up infrastructure investment on the continent, and his expectation that the meeting would review appropriate business models for private participation in the development of sustainable infrastructure. Speaking on the same occasion, the Director of Planning and Studies of the Tunisian Ministry of Transport, Mr Wissem Gaida Majoub delivered a keynote address on the Tunisian experience of the participation of the private sector in accelerating Tunisian transport projects.

In the months preceding the meeting the ICA Secretariat worked with a team of project finance specialists to undertake a large-scale screening of transport projects. A shortlist of priority projects ripe for private sector investment, in particular through

public-private partnerships, was presented.

Summary of the discussions

Based on detailed discussions around upcoming projects

, case studies and

presentations on cross-cutting issues:

Finance as a constraint


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