Project Finance in Accelerating Port Infrastructure Projects
Seaports are essentially merchant operations anchored by a host, usually connected to the developer/operator. Third parties’ commitment is usually pivotal: a major port’s commitment is to utilize the facility as a hub or similarly a major shipping company.
Improving the connectivity of ports to inland regions is a priority. This involves the development of efficient road and rail networks to facilitate the movement of goods to and from the ports. Inland container depots and logistics parks are also being established.
In Africa, the inadequacy of basic infrastructure including maritime information has been a major factor in the lack of diversification and competiveness of African economies, the continent’s marginalization in the dynamic sectors of regional and global trade, and its relatively low level of intraregional trade. Compared to the other regions of the world, the impediment to production and trade arising from the underdevelopment of infrastructure is much more severe in Africa.
Balancing economic development with environmental sustainability remains a key challenge. It is imperative for the sector to leverage adapting to change, adopting innovative approaches and fostering sustainability for resilient growth in accelerating port infrastructure projects in the continent.
In addition to the above, this White Paper prepared by the Brickstone Africa Team, in much more detail explains on the Key issues for consideration by developers in Accelerating Port Infrastructure Projects.
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