Assembly of the African Union 15th Ordinary Session, Kampala, Uganda, 25-27 July 2010

Sectors : Financial Institutions, markets, services and microfinance, Infrastructure General
Organisation : AU
Date made: 
2010
Level: 
Heads Of State
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Commitments in: Infrastructure - Infrastructure General

 “Decision on socio-economic transformation and infrastructure development in Africa: energy, railways, roads and ICT sectors

The Assembly,...

...2. RECALLS its previous decisions on infrastructure development in Africa, particularly its “Declaration on development of Transport and Energy Infrastructure in Africa” adopted by the 12th Ordinary Session of the Assembly of the African Union on 3 February 2009 in Addis Ababa and “Declaration on ICT in Africa (challenges and prospects)” adopted by the 14th Ordinary Session of the Assembly of the African Union on 2 February 2010 in Addis Ababa;...

...6. ENDORSES the recommendations in the above mentioned paper and, more in particular, agrees on the following measures:

(a) FINANCING

i) Prioritize and ring fence infrastructure funding in national budgets for infrastructure development to enable long term planning and development of projects;

ii) Utilize and promote Public Private Partnerships to implement infrastructure projects. This may entail respective Member States to have PPP policy and legal and institutional framework;

iii) Generate funding using infrastructure bonds, and other available modalities, at national, regional and international markets for specific infrastructure projects;

iv) Encourage public companies to float shares to generate revenue from the public which can be used for infrastructure development;

v) Harmonize the financing and execution of cross-border project.”

 
Scope: 
Africa