Categories: News

zeynep yurttas

Share
[blank h=”30″] [/blank] [column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”]

IRF Global Forum for PPPs, Dubai, UAE

A Turning Point in Infrastructure Project Funding

For many governments, the transition to PPPs represents an important shift in key operational practices and client-contractor relations: contractors are much more closely embedded in the agency’s organization and investment decisions, since they provide the inputs that assist asset managers in prioritizing maintenance budgets and scheduling works accordingly. Cooperation becomes thus even more important, not only between road agencies and contractors, but also with other public authorities.

Against this backdrop, IRF and the UAE’s Ministry of Infrastructure Development (MOID) co-hosted a global leadership forum aimed at leveraging international experience to achieve consensus on the mechanisms and institutional enablers for effective PPPs in transportation infrastructure.

The United Arab Emirates government has announced plans to roll out Public Private Partnerships in support of investments in infrastructure. Beyond the impact of persistently low oil prices on public spending patterns, there is also greater regional awareness of the need for structural reform in the management of transportation programs and, by extension, the respective role of public agencies, regulatory bodies and private sector partners.

Although many challenges remain before there is a healthy pipeline of PPP deals across the region, the Forum confirmed that there is a real feeling that the stars have never been better aligned to allow that pipeline to grow. In designing effective programs that leverage private sector skills and incentivize performance, transportation stakeholders can bypass a steep learning curb thanks to the availability of well-documented international know-how.

[/column]

Leave A Comment

Related Posts

  • Published On: September 19, 2022Categories: News

    IRF e-Learning Webinars offer an excellent overview of the international state of the art and regulatory environment across a range of road and transportation topics. They also provide an introduction to the discussion topics and coursework covered in the traditional courses.

  • Published On: September 18, 2022Categories: News, Op-Ed

    Brussels’ SmartMove pilot is an ambitious initiative to confront motorized users with smart kilometre charges. Join the architects behind SmartMove on September 22 to explore the implications of this global trend.

  • Published On: September 17, 2022Categories: News, Op-Ed

    Designing and enforcing Low Speed Zones in urban areas presents significant potential road safety benefits. Join speed management experts on September 21, 2022 for a roundtable on successful approaches.