Since 2012, McKinsey & Company’s Global Infrastructure Initiative (GII) has convened many of the world’s most senior leaders in infrastructure and capital projects to identify ways to improve the delivery of new infrastructure and get more out of existing assets. Our approach has been to stimulate change by building a community of global leaders who can exchange ideas and find practical solutions to improve how we plan, finance, build and operate infrastructure and large capital projects. GII places a premium on dialogue and problem solving, with the specific objective of forging the insights, relationships, and commitments required to drive powerful change across sectors and industries.
Our Initiative consist of a global summit, regional roundtables, innovation site visits and a quarterly digital publication—Voices on Infrastructure. Previous summits include—Istanbul in 2012, Rio de Janeiro in 2014, and San Francisco in 2015.
The fourth GII Summit will take place in Singapore on May 24-26, 2017. The Summit's theme, "New Solutions for Global Infrastructure," will encourage participants to explore the latest data, global best practices, and innovative approaches to infrastructure in the 21st century. The GII Summit is built around four content Pillars, representing the value chain, and unifying topics that bring all four together:
PLAN: Looking around the corners
Developing a sound infrastructure delivery plan is immensely challenging in this time of rapid urbanization and technological change. Today’s plans are expected to provide a roadmap that responds to global migration, shifting economics, user needs, and regulatory approaches, while also enabling a dialogue on risks, returns, and public/private sector roles. The Plan Pillar will focus on how planners can respond with new tools, techniques and approaches to deliver in this new context.
FINANCE: New strategies for bankable projects
Despite glaring gaps and years of debate, infrastructure investment has declined as a share of GDP in 11 of the G20 economies since the global financial crisis. To support projected global GDP growth, it is critical to embark on innovative approaches to finance the world’s infrastructure and build strong pipelines of bankable projects. The Finance Pillar will identify actions to bring previously untapped sources of public and private money to projects, recognizing the importance of financing bankable sustainable infrastructure projects.
BUILD: Rethinking Construction
Worldwide, productivity and margins in the engineering and construction sector have lagged behind other industries for the past 30 years, resulting in many projects being delivered late and over budget. Creative and proven management processes and innovative technology-enabled solutions—from drones to next gen BIM, digitization and advanced data analytics—can boost productivity by 20-25 percent and increase profitability. The Build Pillar will explore new approaches to advance productivity through leveraging the digital wave and applying lean construction.
OPERATE: Maximizing value from existing infrastructure
Applying analytics and digital technology to optimize the use and minimize the cost of existing infrastructure is a high-value strategic investment. The McKinsey Global Institute estimates that almost $500 billion could be saved annually through disruptive market models, smart management, and better use of technology. The Operate Pillar will examine levers to maximize asset utilization, revenue opportunities, and customer experience.
These bridge the four pillars and focus on upgrading the infrastructure governance, capability, and delivery systems to enable institutional change.