This K4DD Rapid Evidence Review examines different approaches for mobilising private finance to fund investment in transport infrastructure in Sub-Saharan Africa and South Asia.
The World Bank estimates that governments globally will face an annual transport infrastructure investment gap of US$244 to US$944 billion through 2030 (The World Bank Group, 2021, p. 6). The investment gap in Sub-Saharan Africa and South Asia is compounded by stressors on both the demand and supply side.
The demand for development in transport infrastructure stems from its high reliance on land-based transport and is exacerbated by rapid population growth and rising urbanisation. For instance, The lack of availability of public funds and the critical demand for transportation, calls for innovative approaches to mobilising private finance (Osei-Kyei and Chan, 2016).
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