Report highlights importance of private sector in infrastructure funding
CORONATION Group in its maiden edition of the Infrastructure Report, has highlighted the role of the private sector in funding critical infrastructure.
The report, which is a product of detailed research, delved into the critical realm of infrastructure financing, spotlighting the increasing importance of private sector involvement in funding infrastructure projects worldwide.
With public resources often constrained, private sector investment has emerged as a catalyst for bridging funding gaps and unlocking infrastructure projects that spur innovation, create jobs and stimulate economic activity, the report says.
The report elucidates how private sector investments are reshaping the landscape of infrastructure development. It emphasizes the imperative of private sector participation in funding infrastructure projects and underscores the pivotal role that infrastructure investments play in driving economic growth and societal advancement.
Through rigorous analysis, the Coronation Infrastructure Report meticulously identifies the key challenges and opportunities in infrastructure development, providing invaluable insights to stakeholders.
From aging infrastructure to emerging technologies, the report navigates through a spectrum of sectors, offering practical solutions and best practices to propel increased investment stocks in key areas.
In recognising the transformative power of private sector financing for infrastructural development, the report highlights the importance of fostering an enabling environment that encourages private- sector participation.
Managing Director, Coronation Asset Management, Aigbovbioise Aig- Imoukhuede, aptly captures the significance of the report, emphasizing its role as a pivotal moment in fostering dialogue on infrastructure financing across Africa.
“With infrastructure playing a critical role in driving economic growth and societal development, the report catalyzes informed discussions. By shedding light on the challenges and opportunities in infrastructure financing, it lays the groundwork for efforts to address Africa's infrastructure needs and unlock its full potential” he stated.