Transcript Private Infrastructure Development Group

PRIVATE INFRASTRUCTURE
DEVELOPMENT GROUP
Members
A consortium of nine donor organisations who have joined
together to help facilitate private sector investment in
developing countries to provide infrastructure vital to boost
their economic growth and combat poverty.
• Austria
• Switzerland
• Australia
• The Netherlands
• Germany
• United Kingdom
• Ireland
• World Bank Group
• Sweden
(through the IFC)
Constraints to Private Investment
• Public sector capacity constraints
• Lack of bankable projects
• Shortage of long-term FX debt
• Shortage of local debt
• Limited developer capacity
PIDG Structure
PIDG Facilities
PIDG
Facility:
Technical
Assistance
Facility
DevCo
InfraCo
Ltd
Market /
Policy
Challenge
Project
preparation
resources
Affordability
Public
authority
transaction
capacity
Shortage
of
bankable
projects
Shortage
of bankable
projects
Shortage
of longterm
debt
finance
PIDG
Facility
Response
Grants to
build
capacity,
support
project
preparation
and delivery
Transaction
advisory
support to
Govts. in
developing
countries
Develops
projects
in Africa
Develops
projects
in Asia
Operating
since
2004
2003
2005
InfraCo
Asia
2010
Emerging
Africa
Infrastructure
Fund
GuarantCo
ICF-Debt
Pool
Green
Africa
Power
Shortage
of longterm local
currency
finance
Limited
appetite of
commercial
banks to
lend to
projects
long term
Lack of cost
reflective
tariffs; high
upfront
capital
costs
Long-term
loans to
private
sector
projects
in subSaharan
Africa
Local
currency
guarantees
in
developing
countries
Long-term
loans to
projects to
address
financing
gaps in
developing
countries
Quasiequity
patient
capital for
RE projects
in Africa
2002
2006
2009
2014
(expected)
Facility Funding (US$ m)
Emerging Africa
Infrastructure GuarantCo
Fund
InfraCo
Technical
InfraCo Asia
Assistance
Development
Facility
DevCo
Infrastructure
Crisis Facility
Debt Pool
Totals
DFID
145.06
95.61
63.30
59.87
10.26
49.77
0.00
423.87
DGIS
27.00
0.00
35.48
0.00
3.50
5.50
0.00
73.65
FMO
0.00
34.00
0.00
0.00
0.00
0.00
0.00
34.00
Sida
20.00
15.00
0.00
0.00
2.00
3.28
0.00
42.44
IFC/World Bank
0.00
0.00
0.00
0.00
7.91
11.75
0.00
21.96
SECO
10.00
17.00
8.50
0.00
6.50
0.00
0.00
44.33
ADA-BMF
0.00
0.00
6.42
0.00
5.38
7.00
0.00
20.08
Irish Aid
0.00
0.00
0.00
0.00
4.11
0.00
0.00
5.38
ADB
0.00
0.00
0.00
0.00
1.00
0.00
0.00
1.00
KFW
0.00
0.00
0.00
0.00
0.00
0.00
9.41
10.67
Total
202.06
161.61
113.70
59.87
40.65
77.29
9.41
682.47
Activity to end of 2012
• PIDG members have contributed over US$680m
• PIDG Facilities have committed funds of over US$1.4bn to
130 infrastructure projects in 55 different countries
• US$ 26.7bn PSI mobilised
• PIDG Facilities have financially closed 87 projects across
ten infrastructure sectors; 39 projects operational
• 73% of PIDG-supported projects are in DAC I / DAC II
countries; 45% in Fragile and Conflict Affected states*
* Based on OECD INCAF methodology
Focus on Africa
• 74 projects at
financial close – 90%
• US$1.01bn
committed – 72%
Financially
closed projects
• Predicted PSI
generated: $15.6bn
• Predicted number of
people with
new/improved
services: 150 million
Azito Power, Côte D’Ivoire
• Conversion of a single cycle to a combined
cycle gas fired power plant.
• Total investment mobilised was US$430
million of which EAIF provided US$30 million.
• Tax benefit to Côte d’Ivoire government of
approx. US$7.5 million.
• Increase in national power supply of 15%.
• 400,000 tonnes of CO2 saved per year.
• 5.26 million people with access to improved
electricity supply.
Nairobi Commuter Rail, Kenya
• Upgrade and expand existing 160km
commuter rail network and new rail link to
JKIA Airport
• New rolling stock, signalling and upgraded
stations
• Expected investment USD325m
• Up to 100,000 passengers per day
• Reduce congestion, improve safety
• Developed by eleQtra as a joint venture
between Infaco Africa and Kenya Railways
• Contract with private sector contractors and
operators to rehabilitate and operate the
system being competitively tendered
Thank you
For more information, please visit www.pidg.org