Many African cities face rapid urban growth, and improving urban accessibility is critical in tackling this challenge, and facilitating sustainable and inclusive economic development. Acknowledging this fact, the Infrastructure Consortium for Africa sought viable opportunities to finance and invest in the development of urban transport and mobility projects across sub-Saharan Africa.
Using a bespoke Pegasys framework, we started with an evaluation of 16 of the fastest growing sub-Sahara African cities, across 12 countries, to identify those with the highest need for, and level of preparedness to implement, sustainable, high-impact urban transport projects. Five shortlisted cities –Accra, Addis Ababa, Dakar, Dar es Salaam, and Lagos – were subjected to a more in-depth review and due diligence process, characterising a number of robust and feasible initiatives. We further developed these opportunities, of up to US$750m each, into a comprehensive investment portfolio, highlighting steps to bankability, and proposing innovative transaction mechanisms and structures to enable optimal implementation.
16 African cities
Infrastructure Consortium for Africa (African Development Bank)