Africa: World Bank Defends Institutionalization of Railway Networks in Africa

Luanda — The World Bank's Director of Strategy, Vickram Cuttaree, on Tuesday in Luanda recommended that African states should institutionalize railway networks in the continent as a way to guarantee, in the long term, the sustainability of financing commitments for these structuring projects.

The official was speaking at a panel on the theme "Regional Corridors and Africa's Integration Agenda: Accelerating Connectivity, Competitiveness and Trade", within the framework of the III Summit on Infrastructure Financing in Africa, which is taking place in the Angolan capital.

According to the World Bank (WB) representative, African countries face difficulties in maintaining their commitments, especially when changes of government occur, which leads to a reduction in political will and discontinuity in the execution of agreements.

According to the manager, it is essential to create robust institutional mechanisms and governance structures that guarantee the continuity and coherence of public policies, so that railway and regional connectivity projects can move forward independently of political cycles.

Follow us on WhatsApp | LinkedIn for the latest headlines

Vickram Cuttaree also highlighted the need to define clear priorities in infrastructure investment, emphasizing that funders do not have the capacity to support all projects simultaneously, therefore, it is necessary to identify the most critical sectors, such as rail transport, food security and energy.

The official added that infrastructure investment should be geared towards real results with a direct impact on increasing intra-African trade, creating jobs, and fostering sustainable economic growth.

The three-day event is being held under the theme "Capital, corridors, trade: investing in infrastructure for the AfCFTA and shared wealth".

The event aims to attract new international funding and strengthen alignment with major national and regional development plans, with a projected mobilization of up to USD 160 billion for priority projects across the continent.

During the first day, topics such as "For an integrated, connected and prosperous Africa: mobilizing coordinated political will to finance infrastructure and intra-African trade" in addition to panels dedicated to "Financing and modernizing African civil aviation infrastructure, Single African Air Transport Market (SAATM)" and "Unlocking Africa's corridors: how project preparation drives bankability and impact," among others.

CPM/ART/MRA/jmc

AllAfrica publishes around 500 reports a day from more than 120 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.