{"id":626524,"date":"2018-07-04T04:18:32","date_gmt":"2018-07-04T04:18:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/egypt-among-10-countries-facing-a-collective-usd-1-tn-funding-gap-for-infrastructure\/"},"modified":"2018-07-04T04:18:32","modified_gmt":"2018-07-04T04:18:32","slug":"egypt-among-10-countries-facing-a-collective-usd-1-tn-funding-gap-for-infrastructure","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/egypt-among-10-countries-facing-a-collective-usd-1-tn-funding-gap-for-infrastructure\/","title":{"rendered":"Egypt among 10 countries facing a collective USD 1 tn funding gap for infrastructure"},"content":{"rendered":"

Egypt among 10 countries facing a collective USD 1 tn funding gap for infrastructure:<\/strong> Egypt was among 10 African countries facing a collective USD 1 tn shortfall of infrastructure financing required to meet their 2040 development goals, according to a study by the Global Infrastructure Hub (GIH)<\/a> on the G20 wealthy and developing nations. The 10 countries, which also include Morocco, Ethiopia, Senegal, Tunisia, and Rwanda, will need a total of USD 2.4 tn in investments in water, electricity, roads, railways, airports, seaports, and telecoms to meet the UN\u2019s development goals, the study showed. At their current average investment level of 4.9% of GDP, the countries will have a 42% funding gap of around USD 1 tn to fill.<\/p>\n

With great funding gaps come great opportunities: <\/strong>The report sees this shortfall as a major opportunity that only the private sector can tackle. \u201cAfrican nations do not have the resources to ramp up infrastructure spending on their own, even with backing from aid agencies and multilateral donor institutions, and so attracting private sector investment is essential,\u201d GIH Chief Executive Chris Heathcote told Reuters<\/a>. \u201cThere is a wall of money being held by the pension funds. They are looking more and more at emerging market infrastructure,\u201d he said. He noted that a number of international infrastructure development powerhouses, including Bouygues , Bollore, China Railway Construction Corp and General Electric are already active in Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt among 10 countries facing a collective USD 1 tn funding gap for infrastructure: Egypt was among 10 African countries facing a collective USD 1 tn shortfall of infrastructure financing required to meet their 2040 development goals, according to a study by the Global Infrastructure Hub (GIH) on the G20 wealthy and developing nations. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626524","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d684baaa-629d-418b-98d0-b76400e6478d","order":"0","is_powered_by":true,"section_story_id":"86cbbe08-5bc5-499b-8f3e-dda9775c939c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626507],"teaser":"","voice_url":""},"yoast_head":"\nEgypt among 10 countries facing a collective USD 1 tn funding gap for infrastructure - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/egypt-among-10-countries-facing-a-collective-usd-1-tn-funding-gap-for-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt among 10 countries facing a collective USD 1 tn funding gap for infrastructure\" \/>\n<meta property=\"og:description\" content=\"Egypt among 10 countries facing a collective USD 1 tn funding gap for infrastructure: Egypt was among 10 African countries facing a collective USD 1 tn shortfall of infrastructure financing required to meet their 2040 development goals, according to a study by the Global Infrastructure Hub (GIH) on the G20 wealthy and developing nations. 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