2. Are We There Yet?
The Importance of Infrastructure and its Delivery
3. Why Infrastructure?
Very important
The base of Western wealth
Huge scale projects, some of national
importance
4.
5.
6.
7. What I am trying to show is that no
country, region or city ever got rich or
was able to forward itself economically
with out offering something in return.
This something usually was based on
infrastructure
8.
9. There are problems though
“Coasting on Prosperity”
Ernst &Young, 2008.
GFC, Climate Change, Political
Pressures,
$$$$$$$$$$$$$$
The Solution????
10. The saviour: The Market
Public Private Partnerships
Build Own Operate transfer
‘BOOT’ Projects
11. 40km of road
3.2km of tunnels
17 interchanges
88 bridges
Six pedestrian overpasses
$2.5 billion
On time (5 months ahead of schedule)
On cost
Connect East/Thiess John Holland
12. A great success, but why is the BOOT/PPP
method so good?
“The right thing” and “The thing right” World Bank
High skills of private industry
Low risk for government
High incentive for industry
Innovations
Better maintenance
More can be produced when market is charged
with delivering, what are we missing out on?