News from the Global Infrastructure Initiative—June 2018

June 2018

Welcome to our 12th edition of Voices, which compiles insights on improving the odds of success on major projects. Such projects, often referred to as megaprojects, are continuously buffeted by strong forces, including cost overruns, politics, regulations, and civic protests. Therefore, it is essential to structure major projects to be resilient to these inevitable stressors by clearly allocating risks and roles. We hope that the perspectives collected here will engage readers in some of the global best practices in developing and delivering similar projects.

In just four months, the 5th Global Infrastructure Initiative Summit, which takes place in London on October 29–31, is shaping up well. We are fully subscribed with a strong list of participants and a robust agenda that focuses on major project delivery and digital transformation. Additionally, we are delighted to announce our partners for the 2018 GII Summit: Bentley Systems, Clifford Chance, Spencer Stuart, Trimble, and our host partner, the UK Infrastructure and Projects Authority. The best ideas from the summit will be shared with the GII community in our December edition of Voices.

In May, we hosted a roundtable in Sydney on technology in transport, and in Dubai we hosted a roundtable on construction productivity in the digital era. We also cohosted a fascinating series of site visits in Moscow, exploring the city’s major projects. These visits allowed us to better understand how the territory of Moscow has more than doubled in geographical size since 2011, based on the launch of the largest construction program in the history of modern Russia. On June 12, we ran our first of three scheduled roundtables on infrastructure investing. The Toronto roundtable focused on the implications of disruptive technologies for infrastructure investors. A recap of these events can be found by visiting globalinfrastructureinitiative.com.

Looking ahead, in September GII will be hosting a roundtable in Zurich on managing risk in a digitized infrastructure environment. With AECOM we will also cohost what promises to be a fascinating site visit to New York’s supertall towers (defined as structures equal to or taller than 300 meters), focusing on the innovations that have enabled a boom in their construction since 2014. Please contact us at info@giiconnect.com if you would like to attend any of our forthcoming events or subscribe a colleague to Voices.

We hope you enjoy this edition of Voices and that it stimulates discussion of what needs to change to ensure a greater percentage of major projects are successful. Our September issue will address the important topic of resilience and future-proofing infrastructure in a fast-changing world. We look forward to sharing it with you, and we welcome your thoughts on Voices at any time.

Article

Our road and rail infrastructure is not ready for the future of mobility. Owners and operators should act now or risk being left behind.

Carsten Lotz, McKinsey & Company

Article

Jakarta's flagship rapid-transit project has proven successful within its first year. MRT's director envisions a total of 230 kilometers of railway alleviating some of the world's worst congestion.

William Sabandar, MRT Jakarta, and Rajat Agarwal, McKinsey & Company

Article

Five actions can help players across the private and public sectors move toward new mobility. Collaboration is key.

David McAlister, WSP

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