While Africa’s transportation corridors rely on hard infrastructure, such as roads, railways, airports and marine waterways, the Regional Infrastructure Development Master Plan has determined that only 25% of transport delays occur due to physical infrastructure problems. It found that 75% of the delays instead stem from poor facilitation of existing infrastructure.
Poor infrastructure and inefficient operations, such as complicated border procedures and customs regulations, cost regional businesses millions of dollars and are stifling the continent’s ability to compete on a global scale. Bringing sustainable integration to the African development corridors master plan offers a unique opportunity to further Africa’s integration, enhance its infrastructure development, increase its competitiveness in the global marketplace, and strengthen its economic resilience. All of this while furthering its objective of creating a free-trade corridor the length of the continent, from Cape Town to Cairo. Accelerating corridor development is a critical step to initiating the next phase of developing Africa, and that should make the Development Corridor Africa Summit 2015 a must attend Pan-African platform for all key stakeholders.
The summit has been arranged to promote and add value to the creation of African corridors with public-private co-investments. It originated from the need to modernize Africa’s corridors, through infrastructure development, trade facilitation, and economic development.
Furthermore, it has been developed to foster rehabilitation and expansion and undertakes to assist with the fast-tracking of core infrastructure and operational development projects within existing and new corridors. The inaugural summit will help to improve the delivery and operation of gateways and corridors through marketing, business development, and value-added services. AMC International are therefore, pleased to announce the Development Corridor Africa Summit 2015, taking place from 26 – 28 August 2015 in Johannesburg, South Africa.
