The COVID-19 pandemic has disrupted all of our lives. And amidst the crisis it is impossible to envision how long it will last, or how life will be different once it is over. On the issue of mobility, however, a recent report by McKinsey & Co offers an optimistic forecast: this short period of disruption won’t affect existing major trends.
Most infrastructure investment plans and government policies rely on the delivery of projects and programs. To achieve these and unlock the real benefits of infrastructure, it is vital that projects and programs are delivered well.
Over the last decade, much has been written about globalisation and how we’re more connected than ever before. In the infrastructure world, we think of connectivity as the “linkages of communities, economies and nations through transport, communications, energy, and water networks across a number of countries” .
Disruptions as a result of Covid-19 have heightened the awareness of and desire to increase adoption of technology on many fronts, including infrastructure. We explore five ways that technology can revolutionise the infrastructure landscape for emerging economies.
InfraCompass is an interactive tool that looks at the infrastructure capabilities of 49 countries.
Globally, governments are accountable for the development of infrastructure and the delivery of basic services in an affordable and inclusive manner. The ability of governments to nurture a conducive enabling environment for infrastructure investment has often been found to be a key differentiator between countries that successfully scale up infrastructure and those that face challenges in doing so.
As outlined earlier in this blog series, private investors are looking for reliable returns to justify the risks that they are taking. Financing and procurement of cross-border projects will often be more complex than national projects due to the scale of the project and compounded risks, and the financial returns may be more uncertain than for national projects.
Risks can be hard to define, manage and mitigate. In infrastructure projects that cross regional or national borders and involve multiple parties from both the public and private sector, these risks may be amplified.
InfraTech has changed from a nice to have to a critical element in the ability to deliver sustainable, inclusive and resilient infrastructure.