"Catalysing private sector investment by developing infrastructure projects in sub-Saharan Africa to stimulate economic development
InfraCo Africa is a
multi-government funded, privately managed company providing early stage
development capital and expertise to develop infrastructure projects in
sub-Saharan Africa. It acts as an ‘honest broker’ seeking to create
viable infrastructure investment opportunities that balance the
interests of host governments, the national and international private
sector and providers of finance.
Sectors
Energy & Power
InfraCo Africa seeks to develop
power generation, transmission and distribution projects, including
rural electrification. Projects will be environmentally responsible and
economically feasible, for example, gas-fired and other forms of
renewable energy supplies.
Water & Sanitation
InfraCo Africa seeks to develop
water and waste services in the areas of urban/rural fresh water
production and treatment, supply and distribution, sanitation, solid
waste disposal/collection and waste treatment plants, as well as bulk
water supply.
Transportation
InfraCo Africa will provide
transport infrastructure services through the active development of
fixed and moveable transport infrastructure and services including
roads, bridges, tunnels, rails systems and services, airports, bus
lines, ports and harbours
Other infrastructure
In addition to power, water and transport, InfraCo Africa may consider investment in the following sectors:
- Bulk Storage/Logistics Facilities
- Telecommunications
- Gas transportation, distribution and storage
- Oil transportation, distribution, storage (excluding export projects)
- Mining: but only where investment expands the provision of infrastructure and associated services and where the owner agrees to allow third party use of the assets.
- Urban infrastructure: the provision of economic and social infrastructure within towns and cities (including low cost housing).
- Agriculture-supporting infrastructure: including storage, basic processing facilities and irrigation services.
- Other: other activities that impact positively on the development of a country’s basic infrastructure and promote the objectives of InfraCo Africa . Such activities may include the infrastructure component of industrial, agro-tourism or agro-industrial projects.
Regional Trade Corridors
InfraCo Africa is seeking to invest
in several projects that promote Regional Trade Corridors (RTC) in any
of the sectors listed above. An RTC project is defined as the following:
Regional Trade Corridors link centres of economic activity in one or
more adjoining countries, connect countries separated by one or more
transit countries, or provide access to the sea for landlocked
countries.
The relevant project must be a trans-border infrastructure project or
a national project with a demonstrable regional impact on two or more
countries, as evidenced by the value of the project’s cross border share
of goods and services, demonstrated by the amount of increased cross
border financial flows.
- Eligible sectors for projects are transport (rail, road, air, maritime and inland waterways, ports/terminals), energy, water, trade infrastructure and Information Technology – though it is anticipated that the majority of funding will be in the first two categories.
- Innovative projects with a clear replication potential will be considered (eg. linking to natural resource corridors or to growth poles)
- InfraCo will only look at pursuing projects that address its overall PIDG logframe targets, which were defined in the ARD proposal (eg one logframe target relates to the amount of private sector investment mobilised measured by the PSI ratio:>1:15 InfraCo Africa (RTC):Private Sector Investment), while others relate to geography and number of deals sold to the private sector. Further information on the InfraCo logframe and proposed RTC metrics are shown in the Annex 1.
- For the avoidance of doubt, infrastructure projects with purely national impact are not eligible...."
