Date of effectiveness: 10.2014
The ECOWAS infrastructure Projects Preparation and Development Unit (PPDU) is definitively established in Lomé, Togo in October 2014. This was the result of a long preparation since the creation of the Unit, in January 2005 by the ECOWAS Council of Ministers Following the establishment of the Unit, the ECOWAS Commission committed itself to fund the PPDU with $US 8,684 million for the first five years as operation budget and $US 10 million for the Infrastructure Fund.
The PPDU is an ECOWAS Specialized Agency which is in charge of the preparation and development of regional infrastructure projects (Transport, Energy, Water and ICT). It aims among others to make financial regional infrastructure projects through the elaboration of feasibility studies (economic, financial, social, environmental, impact, etc.). The viability of the studied projects will ease the investment and resource mobilization for their implementation.
Specifically, the PPDU shall perform the following functions:
- Identify, select and prioritize regional integration infrastructure projects, in consultation with the ECOWAS Commission, member States and the private sector;
- Mobilize the resources required for project preparation and infrastructure financing;
- Strengthen capacities, assist/support national and intergovernmental structures in charge for the implementation of infrastructure programs and projects and
- Promote public-private partnerships in infrastructure financing.