Cargando…

Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law

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 infr...

Descripción completa

Detalles Bibliográficos
Autor principal: Edobor Arimoro, Augustine
Formato: Online Artículo Texto
Lenguaje:English
Publicado: SAGE Publications 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8984591/
https://www.ncbi.nlm.nih.gov/pubmed/37520403
http://dx.doi.org/10.1177/1087724X211059531
_version_ 1784682223601975296
author Edobor Arimoro, Augustine
author_facet Edobor Arimoro, Augustine
author_sort Edobor Arimoro, Augustine
collection PubMed
description 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.
format Online
Article
Text
id pubmed-8984591
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher SAGE Publications
record_format MEDLINE/PubMed
spelling pubmed-89845912022-04-06 Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law Edobor Arimoro, Augustine Public Works Management & Policy Research & Theory 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. SAGE Publications 2022-04 /pmc/articles/PMC8984591/ /pubmed/37520403 http://dx.doi.org/10.1177/1087724X211059531 Text en © The Author(s) 2021 https://creativecommons.org/licenses/by/4.0/This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage).
spellingShingle Research & Theory
Edobor Arimoro, Augustine
Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law
title Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law
title_full Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law
title_fullStr Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law
title_full_unstemmed Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law
title_short Private Sector Investment in Infrastructure in Sub-Saharan Africa Post-COVID-19: The Role of Law
title_sort private sector investment in infrastructure in sub-saharan africa post-covid-19: the role of law
topic Research & Theory
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8984591/
https://www.ncbi.nlm.nih.gov/pubmed/37520403
http://dx.doi.org/10.1177/1087724X211059531
work_keys_str_mv AT edoborarimoroaugustine privatesectorinvestmentininfrastructureinsubsaharanafricapostcovid19theroleoflaw