Cities around the world are responsible for 70 percent of carbon emissions and are significantly impacted by the effects of climate change. The additional infrastructure costs for climate change mitigation and adaptation are anticipated to continue to rise as towns and cities continue to grapple with the impacts.
The New South Wales Government developed a ten-point commitment to the construction sector in 2018 to strengthen the relationship between government and private sector to drive better project outcomes. This provides a template to transform the relationships between governments and the private sector.
The Infrastructure Lab brings together organizations, businesses, government and academia to discuss, debate and ultimately deliver solutions for Canada’s infrastructure challenges. With Canada making unprecedented investments in infrastructure, our goal is to promote constructive dialogue. From this we aim to find effective business and public policy solutions, and help drive the most value for communities, governments, and infrastructure proponents and providers.
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With a rise in the number of large complex projects worldwide, valuable experiences and lessons from these projects can be applied to better tackle project risk. Risk management is a shared responsibility for the public and private sectors. It must be embedded as a focus from early-stage planning to delivery and operations to prevent these risks from materializing and impacting projects. Policymakers have a role to play in putting in place robust frameworks for risk management.
Canada is currently seeing unprecedented investments in transit across the country. Transit projects have a higher risk profile due to their size, the areas they impact, and the fact they often run through more heavily populated areas. A more robust approach to risk is needed to ensure these projects deliver on time, budget, and promise.
The UK has recent experience delivering the largest transit project in Europe through Crossrail and is starting the development of HS2. This event will bring together representatives from industry and government from the two countries to discuss how to identify and put in place tangible steps, including policy action, to address and mitigate project risk at all stages – from planning to procurement, contracting, delivery, and handover.
This discussion will encourage attendees to share their own experiences, lessons and ways to embed best practice in managing risk when working on major transit projects.