Adeyemi unpacks PIDA Model Law for transboundary infrastructure projects in Africa at PIDA Week

Abstract

Economic Commission for Africa’s Adeyinka Adeyemi, unpacked the PIDA Model Law for private sector investment in transboundary infrastructure in Africa for participants at the on-going Program for Infrastructure Development in Africa Week in Namibia. The proposed model law facilitates private sector investment and financing in transboundary infrastructure projects; ensures transparency, efficiency, accountability and sustainability of transboundary infrastructure projects; harmonizes cross-border regulation of transboundary infrastructure projects; and promotes intra-African trade and opens domestic markets to international trade. PIDA covers four main sectors; transport, energy, information and communication technology as well as transboundary water resources. It has 433 projects with 51 marked as priority.