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Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law
Public Works Management & Policy Pub Date : 2021-12-29 , DOI: 10.1177/1087724x211059531
Augustine Edobor Arimoro 1
Affiliation  

Sub-Saharan Africa (SSA) is the lowest income region of the world with a considerable number of low-income countries. The region is challenged by a massive infrastructure deficit. In recent years, the governments of the countries in the region have expressed the desire to bridge the huge gap in infrastructure assets through a partnership with the private sector using the public-private partnership model. However, the advent of the Coronavirus (COVID-19) pandemic which has resulted in unplanned public sector expenditure poses a new kind of hurdle to climb for states in the region. As such, there is a need for governments in SSA to create and sustain efficient opportunities for private sector investment in infrastructure procurement and maintenance. This article adopted the doctrinal legal research method as well as review of literature in the examination of the role of law in creating a healthy and sustainable business environment for private sector participation in infrastructure financing and operation in a post-COVID-19 era in the SSA region. The article recommends among others, the enactment of legislation to create an enabling environment for raising domestic capital for the purposes of private sector–led public infrastructure procurement as well as the implementation of strategies suited for developing economies to attain successful outcomes in private sector backed infrastructure procurement.



中文翻译:

COVID-19 后撒哈拉以南非洲地区私营部门基础设施投资:法律的作用

撒哈拉以南非洲(SSA)是世界上收入最低的地区,拥有相当数量的低收入国家。该地区面临着巨大的基础设施赤字的挑战。近年来,该地区各国政府均表示希望通过公私合作模式与私营部门建立伙伴关系,弥补基础设施资产的巨大缺口。然而,冠状病毒(COVID-19)大流行的出现导致公共部门支出计划外,为本地区各国带来了新的障碍。因此,撒哈拉以南非洲各国政府需要为私营部门在基础设施采购和维护方面的投资创造并维持有效的机会。本文采用理论法研究方法和文献综述来检验法律在后COVID-19时代SSA为私营部门参与基础设施融资和运营创造健康和可持续的商业环境方面的作用地区。除其他外,本文建议颁布立法,为私营部门主导的公共基础设施采购筹集国内资本创造有利环境,并实施适合发展中经济体的战略,以在私营部门支持的基础设施方面取得成功采购。

更新日期:2021-12-29
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