Since its unveiling in October 2013, China’s Belt & Road Initiative (B&R) has promoted Eurasian trade and integration along the Silk Road Economic Belt and the Maritime Silk Road.
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” .
In Buenos Aires on 23 March, the G20 Finance Ministers announced that infrastructure would remain a priority for at least the next three years—a very welcome announcement for those in the private sector who have long called for greater global coordination of efforts in this area.
The USD 700 million Paseo del Bajo project is a transformative road corridor project being developed by the City of Buenos Aires (CABA) in Argentina to ease traffic and improve connectivity between the North and South areas of the city.
China PPP Projects Management Database and Its Quarterly Reports
A new report released today by the Global Infrastructure Hub, a G20 initiative, has revealed an infrastructure investment gap of US$1 trillion in 10 Compact with Africa countries over the next 22 years. This represents a 42 per cent investment gap; one of the largest regional gaps in the world.
The workshop gives an overview of the the upcoming Inclusive Infrastructure reference tool and discuss the core ‘action areas’ identified stakeholder identification, engagement and empowerment, governance and capacity building, policy regulation and standards, private sector participation, incentives and market regulation project planning, development and delivery and affordability and optimising finance.
Public-private partnership (PPP) contracts are long-term and they may have a duration of 20 to 30 years or more. Today, where technologies and social priorities (such as views on climate change and sustainability) are changing at an accelerated pace, it perhaps comes as no surprise that changes to PPP contracts through renegotiations are common.
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.
The Global Infrastructure Hub and Turner & Townsend Launch PPP Contract Management Tool. Effective management essential to unlocking value behind infrastructure PPPs.
This publication from the IADB his publication covers PPPs with a focus on the implications for public finances in developing economies.