In 2012, McKinsey established the Global Infrastructure Initiative (GII) with the objectives of identifying ways to improve the delivery of new infrastructure and to get more out of existing assets. Our approach has been to stimulate change by convening global infrastructure leaders to exchange ideas and to find practical solutions to improve how we plan, finance, build and operate infrastructure.
To date, GII has hosted three global summits (Istanbul in 2012; Rio de Janeiro in 2014; and San Francisco in 2015), as well as a number of regional roundtables. Over the coming year, we will host a global summit in Singapore in March 2017, and a dozen more roundtables. In addition, we are starting a series of Innovation Site Visits; these will immerse participants in innovative infrastructure approaches. Our first site visit in the third quarter will take participants to Changsha, China, to visit the Broad Group. Broad manufactures modular buildings that are five times more energy efficient than conventional ones, and up to 30 percent cheaper to build. Broad recently built a 57-story mixed-use skyscraper in just 19 days.
To disseminate the GII’s best insights and practices, we have printed two editions of Voices from the Global Infrastructure Initiative. From now on, Voices will be published digitally four times a year. Our report from the 2015 GII Summit is also available on the site, as are related videos and podcasts.
This edition of Voices includes articles, interviews, videos, and podcasts that offer novel solutions to improving infrastructure delivery. For example, Andrew Wolstenholme explains how Crossrails’s innovation program works, while Heathrow’s Andrew Macmillan examines what infrastructure providers can learn from consumer companies. Lincoln Leong of the Hong Kong MTR shows how that city’s rail system makes a profit. McKinsey’s Tim McManus offers five ways to improve the chances of megaproject success; other McKinsey experts make the case for tapping private-sector finance for sustainable infrastructure. Short and practical, these and other contributions suggest specific actions that can be applied widely.
We hope that you enjoy this edition of Voices and welcome your thoughts on what you would like to read about in future publications.
Warm regards, Tony