Resilient Infrastructure Program Stakeholder Meeting and Workshop
Showcasing, demonstrating and launching a tool-kit
Infrastructure is the critical lifeline of social and economic activity, connecting communities, industry and markets with essential services for the operation of daily life. Estimates show that designs for more resilient assets in the power, water and sanitation, and transport sectors in low- and middle- income countries would only require an incremental cost of around 3 percent with overall investment needs. The G20 estimates $94 trillion in infrastructure investments are required by 2040 to meet the global demand for access to electricity, transportation, telecommunication, and water services. This far exceeds the capacities of the public sector, multi-lateral development banks and international donors, making private sector financing essential to addressing infrastructure needs. Public-Private-Partnerships (PPP) provide an effective vehicle for maximizing development finance but ensuring disaster resilience in PPPs will require improvements to policy and legal frameworks, contract provisions, procurement incentives, and financing structures. However, the economic benefits of integrating DRM principles into infrastructure investments are not always clear to both public and private sector, as the impacts of additional upfront costs may be difficult to quantify. Improvements to existing infrastructure practices can prolong lifespans and resilience, while support during the early stages of project preparation allows for the integration of DRM through effective planning, design and financing. The lifecycle approach provides governments with customized options to take proactive steps to building resilience regardless of budget constraints. With this context, GFDRR’s Resilient Infrastructure Program will organize stakeholder meeting and workshop with partners including Global Infrastructure Facility (GIF), the Public-Private Infrastructure Advisory Facility (PPIAF), international experts, and representatives from client countries to reflect upon the past engagement and discuss partnership and business strategy beyond 2020.
Organizer: GFDRR/Tokyo DRM Hub, Tokyo DRM Hub, Global Infrastructure Facility (GIF), the Public-Private Infrastructure Advisory Facility (PPIAF)