Building Integrated Markets within the East African Community

EAC Opportunities in Public-Private Partnership Approaches to the Region's Infrastructure Needs

World Bank

• Publisher: World Bank
• Year: 2014
• Topic: Economics
• eBook ISBN:
  9781464802270
• Subtopic: Development Economics
• Index: Economics

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.

Table of contents

• Front Cover
• Contents
• Foreword
• Acknowledgments
• Abbreviations
• Executive Summary
• Chapter 1 The Status of PPP Frameworks and Portfolios in the EAC
• Chapter 2 Lessons Learned from Regional Project Case Studies
• Chapter 3 Regional PPP Policy Framework Issues
• Chapter 4 Conclusion: Key Elements of a Strategic Business Plan
• Appendix A PPP Country Framework Templates
• Appendix B PPP Portfolios in EAC Partner States
• Appendix C Rift Valley Railway Case
• Appendix D Johannesburg to Maputo N4 Toll Road Case
• Appendix E West African Gas Pipeline Case
• Appendix F EADB: Preliminary Institutional Assessment (as of October 2011)
• References
• Boxes
• Figures
• Maps
• Tables
• Back Cover