– Africa’s infrastructure requirements have been estimated at US$93 billion per year, according to the Congolese Minister for Spatial Planning Jean-Jacques Bouya, quoting a study by the African Development Bank (AfDB).
The minister announced the figure at the “Build Africa” Forum holding in Brazzaville, the Congolese capital.
He said of the amount, the continent can only mobilise about US$45 billion at present, hence the need to find a way to address the US$48 billion deficit.
The New Partnership for Africa’s Development (NEPAD) has already identified large-scale infrastructure, the realisation of which will accelerate the integration of the African continent.
They include the Brazzaville-Kinshasa road-rail bridge, the Trans-Saharan Gas Pipeline between Algeria and Nigeria, and the north-south corridor the Cape Town-Cairo project involving 8 countries.
Over 1,000 delegates and experts in infrastructure from around the world are participating in the inaugural edition of the “Build Africa” Forum.