Since 2012, the Global Infrastructure Initiative Summit has convened many of the world’s most senior leaders in infrastructure and capital projects to identify ways to improve the delivery of infrastructure and get more out of existing assets. Our fifth GII Summit will take place in London from October 29 – 31, 2018 and will focus on major project delivery and digital transformation across the industry. Consistent with previous GII Summits, we anticipate a rich problem-solving dialogue with 200 senior leaders from across the value chain.
Our Initiative consists 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, San Francisco in 2015, and Singapore in 2017. At the fourth GII Summit in Singapore on May 24-26, 2017, participants explored “New Solutions for Global Infrastructure,” including the latest technologies, global best practices, and innovative approaches to infrastructure in the 21st century.
Building on past Summits, the discussion in London will focus on four content pillars and several unifying topics that enable all aspects of the project lifecycle:
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 decades, 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, applying lean construction, and innovating the contracting model.
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 use of technology, advanced analytics, smart sensors, and new operating models. The Operate Pillar will examine levers to maximize asset utilization, revenue opportunities, and customer experience in the digitalized world
These bridge the four pillars and focus on upgrading the infrastructure governance, capabilities, and delivery systems to enable institutional change.
Photo: Jason Hawkes, Battersea Power Station