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In March 2021, the Global Infrastructure Hub (GI Hub) and Infrastructure Australia hosted the inaugural International Forum of Infrastructure Bodies (I-Bodies). The golden thread running throughout the forum was the pivotal role I-Bodies play in either strategic planning for infrastructure or funding and financing infrastructure in their jurisdictions.
Transparency International Australia is launching a new project to identify the loopholes that enable corruption to thrive in the infrastructure sector in the Asia-Pacific region. The first step in this project is the development and testing of a new tool, to help understand corruption risks in transnational infrastructure projects in the Asia-Pacific region. The Infrastructure Corruption Risk Assessment Tool will help its users identify, assess and address corruption risks in the process of approving infrastructure projects. The global demand for infrastructure, and many governments’ eagerness to facilitate large volumes of infrastructure spending, means this tool comes at a critical time. Many countries, including the UK, Australia and France, as well as countries in the Asia-Pacific, have responded to the economic downturn caused by the coronavirus pandemic with commitments to boost infrastructure spending. While this increased funding is welcome, it comes with an increased risk of corruption.
Sidewalk Infrastructure Partners (SIP) and a set of founding partners, have recently launched the Innovative Infrastructure Initiative (I³); a new consortium championing and accelerating transformative infrastructure projects in America that use technology and innovation to meet pressing infrastructure needs.
On 3 June, the Italian G20 Presidency in collaboration with the OECD and D20 Long-Term Investor Club, hosted an Infrastructure Investors Dialogue: Financing Sustainable Infrastructure for Recovery. The objective of the dialogue was to leverage ongoing efforts to advance collaboration between the public and private sectors, with a particular focus on unlocking further investment and sustainability. A range of leading experts joined and contributed to the session including Global Infrastructure Hub CEO Marie Lam-Frendo.
Seeking an Efficient Coordination of Investment, Budgeting and Financing Cycles in Latin America and the Caribbean
Brazil is positioned to attract more private sector investment into infrastructure and to bring further bankable projects to market following an 18-month engagement program between the Global Infrastructure Hub (GI Hub) and the Brazilian Government.
Institutional investors are facing growing calls for a stronger engagement in development, in particular for infrastructure, climate and social investments. The investment requirements for global sustainable development are huge. State budgets are already stretched in most emerging markets and developing countries (EMDE), with tax bases weakened and public debt piling up.
In this blog, Svetlana and Roberto discuss the major cross-border projects currently being planned and delivered with Russia’s involvement, and the importance of comprehensive quality assessment in delivering these projects. Their discussion practically illustrates several elements of successful cross-border project delivery that are detailed in the GI Hub’s cross-border reference guide, Connectivity Across Border.
Latin American and the Caribbean countries have a large, and increasing, infrastructure quantitative, qualitative and efficiency gap. The lack of sufficient physical assets, inadequate maintenance and poor service provision negatively impacts the quality of life of its population and the competitiveness of its economies.
The interactive workshop was a lively and comprehensive overview of how the circular economy can be a framework for economic growth solutions and highlighted the roles that governments around the world can play to enable circularity in infrastructure.
InfraChallenge 2021 invited ideas for building and maintaining better, more resilient infrastructure. Discover who made the Top 20.
The urgent need for resilient infrastructure is widely acknowledged as pressure mounts on governments around the world to drive a post-pandemic recovery that embodies the promise of ‘building back better.’ Today, we look at what the pandemic has shown us about resilience in infrastructure and what resilient infrastructure might look like in the future.
The G20 Finance Ministers and Central Bank Governors (FMCBGs) met yesterday and issued a Communiqué outlining their collective commitments and priorities. The Communiqué cites several GI Hub tools that will help G20 countries and others harness the transformative potential of infrastructure and attract private investment in infrastructure.
This week the Global Infrastructure Hub in partnership with Infrastructure Australia hosted the first meeting of our international forum of infrastructure bodies. The forum is a small group dedicated to sharing best practice amongst organisations in G20 and other countries that undertake independent, long-term infrastructure planning in their jurisdictions. The purpose of the forum is to create a platform where I-Bodies from across the world can meet and exchange ideas, experiences and learnings.
Last week Maud de Vautibault, Director of Practical Tools and Knowledge at the Global Infrastructure Hub participated in a roundtable discussion with the World Association of PPP Units and Professionals (WAPPP)
Meet three women leaders who are transforming infrastructure development in Latin America.
This guidance sets out a best practice approach to the development of cost estimates for infrastructure projects and programmes in the UK.
Global Infrastructure Hub recently hosted a presentation and panel discussion of Connectivity across Borders, our latest reference guide, which presents global practices for the successful delivery of infrastructure that crosses national borders.
David Baxter discusses how climate change and COVID-19 reveals an urgent need for resilient infrastructure.