At the 2017 PIDA Week, held in Namibia, the Model Law for Development of Transboundary Infrastructure Projects in Africa, drafted by Olaniwun Ajayi LP was endorsed by African Heads of States. The Model Law was birthed following the mandate received by the United Nations Economic Commission for Africa (UNECA) to devise a framework for the harmonization of legal, regulatory and policy frameworks in relation to private sector investment in infrastructure projects in Africa; particularly those falling within the purview of the Programme for Infrastructure Development in Africa (PIDA). Consequently, Olaniwun Ajayi LP (OALP) was engaged as legal consultants to UNECA to assist in achieving this mandate.
PIDA entails the harmonisation of national laws, regulations and policies pertaining to infrastructural development in over 25 African States for the execution of 16 high priority trans-boundary infrastructure projects; which were identified at the 2014 Dakar Finance Summit. Such projects include the construction of transnational highways and railways, a hydropower generation plant and a natural gas pipeline.
The Model Law seeks to facilitate private sector investment and financing in transboundary infrastructure projects; ultimately promotes intra-African trade and opens domestic markets to international trade.
The Model Law is expected to be adopted by African Heads of State at their next Summit, following which theUN ECA and its partner in this project, NEPAD, will, with the assistance of OALP midwife the process of domesticating the model law at the individual state level.