Singapore

Details

  • Industry: Infrastructure, Government and Healthcare
  • Type: White paper
  • Date: 5/19/2014

Foresight: A Global Infrastructure Perspective 23 

Prioritizing transportation projects in an age of funding constraints

Let’s face it: today’s infrastructure development is primarily shaped by cost considerations. Whether it is the cost of debt, the cost of funding or operational costs, project owners, managers and – increasingly – users are fixated on cost.
Read the latest issue of Foresight:

Featuring: Stephen Andrews and Clay Gilge, KPMG in the US

Transportation infrastructures around the world have suffered from years of neglect and under-investment, with population increases and urbanization putting ever-greater pressure on roads, highways and bridges. Alternative financing – such as public-private partnerships – cannot fully compensate for shrinking budgets, so governments must find ways to make their money go further.

Many transportation agencies lack robust protocols for identifying, evaluating and selecting those capital projects that can deliver the greatest value. Although they have much of the data they need, what is often missing is a standardized framework, with clearly defined criteria and weightings.