Welcome to the Southern Africa Development Community (SADC) Project Preparation and Development Facility (PPDF). The aim of the PPDF is to assist SADC to address the implementation of the SADC Regional Infrastructure Development Master Plan (RIDMP), which will promote and contribute to enhancing regional economic integration in the SADC Region.
The purpose of the PPDF funding is to enhance sustainable economic growth and the delivery of key services affecting development in in the SADC Region. PPDF is expected to address with other partners in the region the constraints to infrastructure development in the SADC Region. The Development Bank of Southern Africa (DBSA) has been appointed by the Southern African development Community (SADC) Secretariat as the implementation agent and fund manager for the Project Preparation and Development Facility (PPDF).
In order to operationalise the PPDF, in August 2008, a Memorandum of Understanding (MOU) was concluded between the SADC Secretariat and the DBSA. Under the terms of the MOU, DBSA assumes responsibility for the administration, management, and disbursement of PPDF funds however all decisions will be taken by the SADC PPDF Steering Committee and is final.
HISTORY OF THE PPDF
It was therefore decided that priority should be given to the establishment of a grant financing vehicle to support the promotion and preparation of major infrastructure projects. This is based on the prevailing view amongst donors and private investors that the main constraint to the development of economic infrastructure was not the unavailability of investment capital in the region, but rather the lack of expertise with regard to the successful development of bankable projects for market presentation.