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Friday, 28 November 2014

ECOWAS inaugurates infrastructure development centre

ECOWAS has a new specialised agency charged with facilitating the development and funding of key infrastructure projects for the region. The Projects Preparation and Development Unit (PPDU) was officially inaugurated last month at its headquarters in Togo. The PPDU will consult with the ECOWAS Commission, member states and the private sector to identify and prioritise transport, energy, ICT and water projects in support of regional integration. Initially the agency will focus on projects related to the ECOWAS regional infrastructure development programme and the Programme for Infrastructure Development in Africa (PIDA). The Unit is also tasked with conducting feasibility studies and mobilising resources with a particular focus on public-private partnerships for infrastructure financing. It will also provide support and capacity building for national and regional structures responsible for the implementation of infrastructure programmes.

The ECOWAS Commission has committed funding for the agency's operational budget for the first five years, including USD 10 million allotted to an infrastructure fund. Strengthen capacities, assist/support national and intergovernmental structures in charge for the implementation of infrastructure programs and projects and promote public-private partnerships in infrastructure financing. The PPDU is governed by a Steering Committee of nine (9) members, including the ECOWAS Commission (2), the Member States (2), EBID (1), the technical and financial partners (3) and the private sector (1) and a management team. donors and technical partners expressed interest in the PPDU: AfDB, EU, JICA, UNECA, the Spanish Cooperation (AECID), DFID, GIZ, etc... For the kick-off of its activities, the priority programs and projects that the PPDU is focusing on, are those relating to the ECOWAS regional infrastructure development program, subject of Regulation C/REG.12/ 06/13 dated 21 June.

Source: republicoftogo.com