This page contains a Flash digital edition of a book.
THE CHIEF EXECUTIVE’S VIEW: PROFESSOR DR UWE KRUEGER I


nfrastructure funding and development has been a central theme at the World Economic Forum’s Davos annual meeting since 2011, under the umbrella of the Strategic


Infrastructure Initiative, and for a very good reason. WEF has described global infrastructure as “the engine of the world’s productivity”. National governments across the globe


are facing ever-mounting challenges in the creation and modernisation of infrastructure within their countries, and yet the estimated shortfall in global infrastructure debt and equity investment is at least US$ 1 trillion per year. As population mounts at unprecedented


levels around key urban centres, so the pressure to provide the infrastructure needed to boost economic growth and social wellbeing increases. Tese pressures are, of course, keenly felt in


poorer countries where the influx of private capital is critical. Back in 2012, Meles Zenawi, Prime Minister of Ethiopia noted that, “Without the private sector, there is no development.”


CLOSING THE FUNDING GAP While the struggles of parts of Africa to attract investment into infrastructure are well documented, we should not forget that this issue also exists in more wealthy nations. Recently US current affairs TV show ‘60 Minutes’ took a sobering look at the nation’s infrastructure, noting the US had fallen to 16th in WEF’s league table and would require a staggering $3.6 trillion to fix the problem. At Davos I sat with other governmental, NGO


and business leaders to debate how to close the infrastructure funding gap. Te solutions to this issue are complex and cannot be easily solved but the WEF’s Infrastructure Investment Policy Blueprint gives us a helpful way forward. My input to this session focussed on some key


points. Firstly, the fact that the investor community perception of the infrastructure sector is key. Terefore a more clearly articulated argument for the benefits of infrastructure is needed. It is recognised that infrastructure represents an


investment asset class. Te attraction of matching stable dividend streams from long-term projects to the long-term horizons of pension funds is very


IMPROVING INFRASTRUCTURE FUNDING IS A COMPLEX BUSINESS, BUT COMMUNICATION BETWEEN ENGINEERS AND FUND MANAGERS COULD HELP STIMULATE INVESTMENT, SAYS PROFESSOR DR UWE KRUEGER, CHIEF EXECUTIVE OFFICER OF ATKINS


FUNDING THE INFRASTRUCTURE OF TOMORROW


12 EXPERTVIEW SPRING 2015 expertviewmagazine.com


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60