Are We There Yet?The Importance of Infrastructure and its

Delivery

Why Infrastructure?

Very important

The base of Western wealth

Huge scale projects, some of national importance

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

There are problems though

“Coasting on Prosperity” Ernst &Young, 2008.

GFC, Climate Change, Political Pressures,

$$$$$$$$$$$$$$

The Solution????

The saviour: The Market

Public Private Partnerships Build Own Operate transfer

‘BOOT’ Projects

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

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?

??????????

No?

Good, lets go home!