Megaprojects - KPMG

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The Lion Roars: Africa in ascendency 16 | INSIGHT | Megaprojects
SPOTLIGHT Infrastructure is at the heart of this African revival. The African Development Bank estimates that the continent will require USD93 billion in basic infrastructure investment every year in order to meet demand. By DeBuys Scott, KPMG in South Africa As the mature economies of Europe, America and Asia continue to struggle, the eyes of the world have started to focus onto the wealth of opportunity that can only be found in Africa. And rightfully so. Right across the great continent, we are witnessing rapid rates of urbanization and population growth which, in turn, is creating one of the fastest growing labor forces and consumer markets in the world. As a result, most African governments are now keenly focused on fostering economic growth and activity in order to drive down unemployment, raise prosperity and increase national GDPs. The pressure on African cities (already more than 50 cities with a population in excess of 1 million) to develop sustainable infrastructure will only escalate. Infrastructure is at the heart of this African revival. The African Development Bank estimates that the continent will require USD93 billion in basic infrastructure investment every year in order to meet demand. Recognizing the massive opportunity that Africa presents, foreign direct investment (FDI) has also boomed. In fact, with some USD55 billion in annual foreign capital inflows into the continent, Africa now represents around 12 percent of total FDI globally. At the same time, many of Africa’s age-old challenges are starting to shrink away. Across most of the continent – and with only a handful of notable exceptions – rule of law is on the rise, corruption is being stamped out, incidents of war and violence are waning and stable regulation is being introduced and enforced. To be sure, much of the infrastructure development currently underway is closely tied to resources. As the world’s most resourcerich continent, Africa has already become the resource bread-basket of emerging markets such as China, Brazil and India. But Africa is no longer just a resource story. With her working age population of 500 million set to double over the next 20 years, Africa is rapidly becoming a consumer market leading to increased demand for all types of infrastructure. One only need look at the most recent edition of the Infrastructure 100 for proof. New metro lines in Nigeria, hospitals in Lesotho, energy projects in South Africa and continent-wide communications initiatives loom large on the list of top global projects. It is not surprising, therefore, that the world’s infrastructure developers and investors are now piling into Africa, recognizing the opportunity for stable returns and attractive contract terms. Many global investors are revising their sovereign risk profile assessments for the continent to a more positive rating. Indeed, any infrastructure player not currently assessing the opportunities presented by Africa are likely missing a trick and – in short order – may find that many of the richest pickings have already been plucked away by competitors. As this special report on Africa clearly illustrates, opportunity abounds across the hills and savannahs of Africa and all evidence indicates that Africa’s ascendency is only just getting started. If you listen carefully, you can start to hear the lion’s roar. Megaprojects | INSIGHT | 17
Page 1: INSIGHT The global infrastructure m
Page 4 and 5: Contents 20 28 34 4 Around the worl
Page 6 and 7: Around the world in infrastructure
Page 8 and 9: Transforming the world through mega
Page 10 and 11: Rather than going to ‘bleeding ed
Page 12 and 13: Africa rising To many, Africa is a
Page 14 and 15: The megaprojects paradox An intervi
Page 16 and 17: Select a management team that can p
Page 20 and 21: Infrastructure and economic develop
Page 22 and 23: Mozambique’s promising future By
Page 24 and 25: South Africa’s infrastructure tri
Page 26 and 27: Power to the independent providers:
Page 28 and 29: SETTING UP projECT suCCESS IN AFRIC
Page 30 and 31: From nowhere to somewhere: Rio Tint
Page 32 and 33: Recovering from the An AUD12 billio
Page 34 and 35: A focus on both reconstruction and
Page 36 and 37: Making technology work: An intervie
Page 38 and 39: Improving HEALTH outcomes through m
Page 40 and 41: Shouldering the risk: A roundtable
Page 42 and 43: Enrique Fuentes (EF): Based on your
Page 44 and 45: Moving resources from pit to port i
Page 46 and 47: Sao Paulo: Keeping transportation m
Page 48 and 49: An emerging Australian icon: Mooreb
Page 50 and 51: Learning from a megaproject best pr
Page 52 and 53: 42 kilometers (km) of bored tunnels
Page 54 and 55: Lessons from planners of large infr
Page 56 and 57: Mike Proudfoot, CEO of the Transpor
Page 58 and 59: Building new cities in Mexico By Al
Page 60 and 61: A historical perspective on megapro
Page 62 and 63: Learning from experience: A roundta
Page 64 and 65: James Stewart (JS): Given your comb
Page 66 and 67: Lessons from China driving sustaina
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Lessons from the UK’s nuclear pro
Page 70 and 71:
Global diary KPMG professionals are
Page 72 and 73:
Bookshelf A selection from our libr
Page 74 and 75:
At the nexus of urbanization and su
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Ground-breaking thinking Infrastruc
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