This report outlines the challenges of attaining significant institutional investment for infrastructure projects in developing countries, with special emphasis on Africa’s regional infrastructure projects. The recommendations in the report are based on input from members of the Continental Business Network (CBN), stakeholders and private sector leaders involved in the development and finance of African infrastructure projects (e.g., project developers, project finance lawyers, engineers, providers of equipment, banks, institutional investors, sovereign wealth funds, rating agency analysts, etc.) and providers of project development support and risk mitigation (e.g., development partners, private insurance companies, etc.).

Ultimately, this report serves as NEPAD Agency’s position on possible ways that PIDA projects could be developed and structured to mitigate risks and access private capital. By commissioning the CBN Secretariat to produce this report, NEPAD is providing leadership through the prioritization of this issue and setting forth specific action items for further refinement and implementation. The suggested recommendations in this report are intended to serve as recommendations for Heads of State and African leaders to advance in their further dialogue with development partners and the private sector on needed interventions and support.