The infrastructure project pipeline in emerging and developing economies falls well short of projected needs. In addition, the infrastructure project pipeline is lacking in both quantity and quality. The demand for infrastructure is not being translated into projects (quantity); for projects that are originated, either the fundamentals drive too high a risk premium or insufficient preparation is conducted for them to be considered bankable (quality).
Even when projects are well prepared on paper and funding is in place, project execution can stifle how quickly the project pipeline is delivered. At the root of these issues is a skills and capacity shortage on the part of both government and private sector actors.
Publication Date: 01-06-2015
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