24 Jan 2013 | 03:47 pm |
In response to South African President Jacob Zuma's comment on the need to implement much needed infrastructure programmes across the African continent at the World Economic Forum's (WEF's) annual meeting in Davos, Richard Laudy, Global Head of Infrastructure at international law firm, Pinsent Masons, said:
"The need for upgrades to essential infrastructure across the African continent is clear, but the government of South Africa as well as other African states need a coordinated approach to bringing large scale private investment into infrastructure.
"There is an urgent need to implement modern approaches to public and private partnerships that enable private investment in infrastructure that will not only fund new infrastructure but help modernise procurement and improve the certainty of delivery of major infrastructure projects.
"This has already been proven on South Africa's current renewable energy programme which has benefited from private investment and modernised procurement practices."
Richard Laudy and a team of infrastructure experts in procurement, funding and finance and delivery are currently in Johannesburg talking with major infrastructure corporations about the need to modernise procurement to unlock much needed private investment.
Richard said: "South Africa's credit rating has already been downgraded by all three of the major rating agencies, so the prospect of government funding of new infrastructure is now more limited.
"Without this essential modernisation of procurement practices for infrastructure, growth and prospects for Africa will be constrained."
For further information please contact:
Arti Mohan, PR Advisor
Tel: 020 7418 7106
Email: [email protected]
Pinsent Masons continues its expansion in Dublin office with Life Sciences and Technology Litigation hire
International law firm Pinsent Masons, has been recognised as one of the best multinational employers for LGBT+ staff in Stonewall's 2019 Top Global Employers index.
International law firm Pinsent Masons has appointed Lloyd Chater as a partner in its Johannesburg office.
Pinsent Masons has won the Energy & Infrastructure Projects Team of the Year award for its work for TfL in securing consent for the proposed £1bn Silvertown Tunnel in East London.
International law firm Pinsent Masons has been named Legal Business magazine’s Law Firm of the Year for the second time in the past four years.
International law firm Pinsent Masons has launched a scholarship, in memory of its former Chairman Kirk Murdoch, to encourage students from less advantaged backgrounds to enter the legal profession.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on