News from the Global Infrastructure Initiative—October 2018

October 2018

Welcome to our 13th edition of Voices, sharing perspectives on future-proofing infrastructure in a fast-changing world. Migration, urbanization, climate change, and burgeoning maintenance backlogs are cumulatively placing massive pressure on the world’s existing infrastructure. Factoring in an estimated $5.5 trillion spending gap between now and 2035, it is critical for leaders to deliver infrastructure that is resilient and climate-smart for an uncertain future.

In this edition, we explore some of the innovative strategies and global best practices, including the leadership imperative, managing scarce resources, dealing with maintenance backlogs, meeting cybersecurity and affordable housing requirements, and creating citizen-centric cities. We hope that these perspectives will engage and inspire readers to act in future-proofing the world’s infrastructure.

Since June, GII hosted our second roundtable on the implications of disruptive technologies on infrastructure investors in New York City and a fascinating site visit to the city’s supertall towers. The site visit was attended by more than 30 global leaders in high-rise development and delivery and valuable insights emerged regarding the drivers and enablers of a worldwide boom in supertall buildings. A recap of all past GII events can be found at globalinfrastructureinitiative.com.

A central part of GII’s mission is to stimulate change by providing a safe forum for global leaders to exchange ideas, build relationships, and make the commitments required to bridge global infrastructure gaps. In this spirit, GII convened a cross-sector industry working group to accelerate the adoption of digital technologies across the construction value chain. This volunteer effort has already made significant progress, and we will share more information in the coming months.

The last quarter of 2018 kicks off with an October roundtable in Paris focused on reinventing the construction sector in France. Also, our fifth GII Summit will take place in London from October 29 to 31. We are fully subscribed with an impressive list of participants and a robust agenda that includes site visits to London’s leading projects, interactive plenary and breakout sessions, sector-specific roundtables, and a selection of the best new ideas from around the world.

We hope you enjoy this edition of Voices as we collectively determine what it will take to future-proof our existing and new infrastructure. Our December issue will consist of a recap of the best ideas from the 2018 GII Summit and our March 2019 edition will focus on real estate. We welcome your thoughts on Voices at any time. Please contact us at info@giiconnect.com if you would like to attend any forthcoming events or subscribe a colleague to Voices.

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The country’s long-term vision, use of innovative technologies, and stakeholder engagement efforts have been critical to its success.

Khoo Teng Chye, Centre for Liveable Cities

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To promote wider adoption of document and process standardization in the infrastructure industry, public- and private-sector organizations should foster greater collaboration during the early stages of project development.

Michael Pearson, Nick Wong, Tony Giustini, Clare Burgess, Gianluca Bacchiocchi, and Joanna Lilley, Clifford Chance

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In an era of rising customer demands, the infrastructure industry needs to support new solutions, reshape capital markets, and take a long-term term approach to asset development.

Scott Jacobs, Generate Capital

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