Private Infrastructure Development Group, Phase VII
The Private Infrastructure Development Group (PIDG) encourages and mobilises private sector investments to assist low income countries of sub-Saharan Africa as well as south and south-east Asia in providing infrastructure. PIDG is strategically steered by its member donor organisations.
- Private Infrastructure Development Group
Reliable infrastructure is vital for a country to develop its economy and reduce poverty. The absence of access to infrastructure directly impacts the daily lives of people and often is a major constraint to doing business, impacting the ability of businesses to operate and grow and to create jobs. Governments in developing countries are often unable to provide basic infrastructure and the private sector does not step in due to high perceived risks, uncertainties in the regulatory environment or other barriers. This leads to the so-called "infrastructure gap?.
PIDG makes it viable for private investors to participate in high quality infrastructure deals using limited public funds to mobilise private capital. It does so through its specialist facilities, which work along the value chain of infrastructure creation and on various forms of capital. This mobilisation of private capital in infrastructure deals helps boosting economic development and combating poverty, ultimately leading to improved livelihoods of people.
Access to infrastructure and related services increased-
Capital flows towards infrastructure - including local capital - increased.
Capacity of public sector and private sector developers to engage in infrastructure development strengthened-
Affordability or impact of infrastructure enhanced-
A pipeline of bankable and sustainable projects generated-
Technical and financial viability of projects demonstrated, especially in new technologies and in the poorest and conflict affected countries-
Knowledge and awareness of successes and failures in infrastructure development increased.
Results from previous phases:
PIDG delivers essential infrastructure to people in the poorest countries, with far-reaching and transformative economic, social and developmental impact.
Cumulative figures for closed projects up and including 2016 are expected to be:
222 million people with access to new or improved infrastructure, of which 85.8 million women
31 billion USD mobilised, of which USD 21 billion pure private sector investments
84 projects became operational and 154 reached financial close
270?000 jobs created, of which at least 5'500 women
Besides, PIDG supported projects can:
Boost fiscal revenues-
Have climate mitigating benefits-
Help develop local capital markets and local capacities.
|Directorate/federal office responsible||
|Budget||Current phase Swiss budget CHF 46'500'000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 1'283'000'000|
|Project phases||Phase 7 01.09.2017 - 31.12.2020 (Current phase)|