Financiers back sustainable projects, but mega-schemes remain problematic
Issue 312
- 19 Nov 2015
| 8 minute read
The Infrastructure Consortium for Africa (ICA) reports that out of the four sectors it analyses – energy, transport, water, and information and communications technology (ICT) – transport operations attracted the most financial commitments ($34.5bn) of any sector in 2014, taking all sources of finance into account. This was largely due to $17.6bn in national government budget allocations and the $8.4bn of investment certificates for Egypt’s Suez Canal expansion. Among ICA members, which include leading national and multilateral donors, the energy sector received more commitments than any other sector in 2014, when ICA members committed $9.2bn out of the $22.4bn committed to the sector from all sources of finance.
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