For
Africa, scaling up investment in transport infrastructure
is key, especially as the continent increasingly positions
itself as an important area for maritime business and
trade. In this context, an emerging “South” provides
an opportunity for innovative new structures and
partnerships to unfold, including with a view to financing
transport infrastructure development and maintenance.
Incidentally, at their annual summit held in March 2013,
Brazil, the Russian Federation, India, China and South
Africa (the BRICS countries) agreed to establish a
BRICS Development Bank that would finance projects
in developing countries, including those aimed at
building infrastructure (Voice of America News, 2013).