Infrastructure for better living conditionsAfrica and Southeast Asia
Reliable and sustainable infrastructure improves people's living standards. This means roads, bridges, public buildings, data cables, educational institutions and power and water supply installations. What's more, good infrastructure is essential if countries are to develop their economies and fight poverty.
This is why the Federal Council decided in October 2022 that Switzerland would support the Private Infrastructure Development Group (PIDG) with USD 75 million. PIDG mobilises private sector capital for building climate-friendly infrastructure in sub-Saharan Africa and in South and Southeast Asia. It uses public funds to lower the risk of investing in infrastructure projects, making it possible to mobilise private sector funds that would otherwise not flow into developing countries.
With PIDG's support, for example, the Ninh Thuan solar park was built in southern Vietnam. This has a generation capacity of 168MW and serves almost 200,000 people.
The power generated in the solar park will be fed into the national grid with a 20-year purchase guarantee, reducing Vietnam's annual carbon emissions by 240,000 tonnes.
Switzerland has supported PIDG since its inception in 2002. Since then, PIDG has:
- mobilised USD 37.6 billion, of which USD 23 billion from the private sector
- provided access for 220 million people to new or improved infrastructure
- put 120 infrastructure services into operation and
- created 322,000 jobs
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Infrastructure for better living conditions
