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The AU/NEPAD African Action Plan 2010-2015: Advancing Regional and Continental Integration in Africa

Author: AU/NEPAD
Organisation: AU/NEPAD
Publish Date: 2009
Country: Africa
Sector: Economic
Method: Forecasting
Theme: Infrastructure
Type: Report
Language: English
Tags: Regional Integration

Infrastructure plays a critical role in economic development and poverty reduction. Well developed and maintained Infrastructure services – power, transport, ICT, water and sanitation – reduce the barriers and transaction costs to economic growth, and contribute significantly to enhancing the lives of the poor through increased access to public and social services. Inadequate infrastructure imposes major costs on business in terms of lost output and additional costs incurred. Some estimates suggest that with an improved infrastructure stock, economic growth rates could be at least 1% higher than they are today.1 Developing and completing infrastructure networks is recognized as a critical component of advancing regional and continental integration in Africa.
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