AfDB muscles Inga 3 towards bankability

With its energy loan book already at record levels, the African Development Bank has granted $68m for the Inga Site Development and Electricity Access Support Project. This aims to bring the 4,800MW Inga 3 project to bankability with professional services, capacity building to allow for coherent decisions about developers, and creation of a good environment for public/private partnerships. The bank has identified shortfalls in project preparation as a key challenge to completing privately financed infrastructure schemes, even in states less fragile than Democratic Republic of Congo.