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Private Infrastructure Development Group. Members. A consortium of nine donor organisations who have joined together to help facilitate private sector investment in developing countries to provide infrastructure vital to boost their economic growth and combat poverty.
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Members A consortium of nine donor organisations who have joined together to help facilitate private sector investment in developing countries to provide infrastructure vital to boost their economic growth and combat poverty.
Constraints to Private Investment • Public sector capacity constraints • Lack of bankable projects • Shortage of long-term FX debt • Shortage of local debt • Limited developer capacity
Activity to end of 2012 • PIDG members have contributed over US$680m • PIDG Facilities have committed funds of over US$1.4bn to 130 infrastructure projects in 55 different countries • US$ 26.7bn PSI mobilised • PIDG Facilities have financially closed 87 projects across ten infrastructure sectors; 39 projects operational • 73% of PIDG-supported projects are in DAC I / DAC II countries; 45% in Fragile and Conflict Affected states* * Based on OECD INCAF methodology
Focus on Africa • 74 projects at financial close – 90% • US$1.01bn committed – 72% • Predicted PSI generated: $15.6bn • Predicted number of people with new/improved services: 150 million Financially closed projects
Azito Power, Côte D’Ivoire • Conversion of a single cycle to a combined cycle gas fired power plant. • Total investment mobilised was US$430 million of which EAIF provided US$30 million. • Tax benefit to Côte d’Ivoire government of approx. US$7.5 million. • Increase in national power supply of 15%. • 400,000 tonnes of CO2 saved per year. • 5.26 million people with access to improved electricity supply.
Nairobi Commuter Rail, Kenya • Upgrade and expand existing 160km commuter rail network and new rail link to JKIA Airport • New rolling stock, signalling and upgraded stations • Expected investment USD325m • Up to 100,000 passengers per day • Reduce congestion, improve safety • Developed by eleQtra as a joint venture between Infaco Africa and Kenya Railways • Contract with private sector contractors and operators to rehabilitate and operate the system being competitively tendered
Thank you For more information, please visit www.pidg.org