Photo: Texas Millitary Department | Flickr Creative Commons
“Hurricane Harvey Has Knocked Out 25 Percent of Gulf Gas Production” – GIZMODO
“This storm has already left hundreds of thousands without power along the Texas coast. And there are reports of significant damage to buildings in Rockport, Texas, near where the storm made landfall Friday night. At a press conference Saturday afternoon, Texas Governor Greg Abbott said it may be ‘several days before outages can be addressed’ due to continued high winds.” - VOX
What is Future-Proofing?
Future-proofing is described as the process of anticipating the future and developing methods to mitigate its impacts. Future-proofing when considered in infrastructure Public-Private Partnerships (PPPs) adds a layer of resilience to projects that will ensure their sustainability and longevity.
Investing in an energy-efficient street lighting system can be a game changer for municipalities.
On one hand, switching to modern street lighting schemes based on light-emitting diode (LED) technology presents an opportunity for city governments to lower energy consumption, operation and maintenance costs while reducing the overall carbon footprint.
At the same time, reliable bright street lighting can have a range of socio-economic benefits: well-lit streets make people feel safe and reduce accidents while boosting economic and social activity after sunset.
Given these benefits, switching from outdated systems to modern technology is a win-win solution for many municipalities worldwide, but high upfront costs can be a deterrent. Attracting private capital via Public-Private Partnerships that secure efficiency and high technical standards in the long run.
Welcome to the “10 Candid Career Questions” series, introducing you to the infrastructure and PPP professionals who do the deals, analyze the data, and strategize on the next big thing. Each of them followed a different path into infra and/or PPP practice, and this series offers an inside look at their backgrounds, motivations, and choices. Each blogger receives the same 10 questions that tell their career story candidly and without jargon. We hope you will be surprised and inspired.
Photo: Highways England | Flickr Creative Commons
When PPP investors are asked what they look for in a project, they would typically reply they like projects that are bankable, where risks are fairly allocated between the government and the sponsor. When one probes deeper though as to where they normally invest, you might elicit this response: in a market where there is deep commitment by the government to undertake an effective PPP program. This is a very telling answer sometimes lost to governments that want to pursue ambitious PPP programs. Bankability for a developing country involves more than de-risking projects. More importantly, it entails de-risking the country and its PPP program.
Infrastructure is expensive, important and difficult to get right. For both the members of the Organisation for Economic Co-operation and Development (OECD) as well as other countries, infrastructure exposes shortcomings in country systems that may undermine our ability to identify, develop and procure good projects that are sustainable, affordable and legitimate. But there is no alternative—businesses rely on modern infrastructure to remain competitive, and society depends on good infrastructure to ensure equal opportunity and access to services for citizens.
With sufficient access to finance, .
In response to this challenge, investors, regulators, members of the public and private sectors, and decision makers from across levels of government, expertise, and regions, gathered at the 2nd OECD Forum on the Governance of Infrastructure in Paris in March to discuss the impact of infrastructure governance on productivity, jobs and wellbeing.
Cross-sector collaboration is more important than ever – and needs to be done in a better way. Governments now face a $2.5 trillion funding gap to meet the Sustainable Development Goals, and will need $90 trillion in public private investment to slow the dangerous effects of climate change, according to a UN report.
The potential for partnerships to solve problems faced by the public sector dominates the news: in the United States, the new government has announced plans to prop up a $1 trillion infrastructure plan with public private partnership (PPP) financing. In the wake of the Grenfell Tower fire tragedy, questions have arisen over the UK’s current method of outsourcing.
With ever-shrinking government budgets, the need for collaboration across all sectors – not just infrastructure, but environment, education, migration and many others – is more pressing than ever. Now is the time for government to get it right.
The Global Infrastructure Outlook is a landmark country-based online tool and report developed by the Global Infrastructure Hub with Oxford Economics, which forecasts infrastructure investment needs across 50 countries and seven sectors to 2040.
Although there are already forecasts for infrastructure investment in the market, the public and private sectors indicated their need for fresh, country-level data. Outlook was created to meet that knowledge gap.
For the first time we have data about what each country needs to spend in each sector, and importantly – the gap between what needs to be spent and current spending trends.
The APMG PPP Certification Program enables participants to take their skills to the next level, and the Certified PPP Professional (CP3P) credential is a means to officially convey that expertise and ability.
At the core of the program is the PPP Guide, a comprehensive Body of Knowledge that distills globally agreed-upon definitions, concepts, and best practices on PPPs. The program is an innovation of the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Islamic Development Bank (IsDB), the Multilateral Investment Fund (MIF), and the World Bank Group (WBG), with financial support from the Public-Private Infrastructure Advisory Facility (PPIAF).
Whether you’re thinking about signing up, or already enrolled, in this series we share some insight from practitioners who have already passed the test. This week, we caught up with Kaara Wainaina, an external affairs officer in Kenya’s PPP Unit. Read his answers below.
Photo: Giuseppe Milo | Flickr Creative Commons
This year’s Infrastructure Week held in May came as public support for infrastructure investment is at an all-time high. According to a recent Gallup poll, three out of four Americans support increasing investment in the U.S. transportation and energy systems. And with the majority of infrastructure projects in the U.S. already funded by the private sector, all the pieces are in place for large-scale investments.
“Proceeding from the Islamic Development Bank’s interest, as well as my personal concerns about what benefits the Member Countries, where the subject of partnerships between the public and private sectors (PPPs) has become a major hub in fostering development in several sectors in many countries, I have initiated a forum to address the most significant issues and topics related to the importance of partnerships between the public and private sectors, in addition to the optimal means to activate them and benefit from their acclaimed development role."
– Dr. Bandar Mohammed Al-Hajjar, President, Islamic Development Bank
The first Islamic Development Bank (IsDB) Public-Private Partnership (PPP) Forum took place in Riyadh, Saudi Arabia in March 2017, which I attended as a guest moderator and panelist. The IsDB organized the Forum to support its communication with its member countries by initiating a debate that would introduce forum participants to opportunities and challenges that PPPs present in various countries and various sectors.