Thursday February 29, 2024
Time: 7:30-9:30 am
Location: Lennox Hall (old Toronto Board of Trade venue), First Canadian Place, Toronto, ON M5H 4A6
Joint event: Future of Infrastructure Group and Canadian Council for Public Private Partnerships
Canada is investing record amounts into transit projects with most major cities across the country having at least one rail line in planning or construction. Transit projects are large and complex with many uncertainties and unknowns, and large networks of interrelated responsibilities all relying on each other to be successful. This adds up to significant project risk. Unclear, unmanaged, or misallocated risk can add significant costs and delay project completion.
As risks are realized and add costs and delays to projects, it reduces the capacity to build future infrastructure by eroding government budgets and reducing political and public appetite to build major projects in future. By focusing on anticipating and proactively addressing risks it helps ensure more projects are delivered on time and on budget. There are many examples of how projects across Canada are using different processes and tools to understand and tackle risk at every stage. This event hosted in partnership with the Canadian Council for Public Private Partnerships will launch a new report from the Future of Infrastructure Group on Reducing Risk in Transit Projects, that includes a series of recommendations based on these experiences to support better project outcomes
Key Themes
Speakers
Moderated by Lisa Mitchell, President and CEO, Canadian Council for Public-Private Partnerships.