IIGF
Books

Promoting Resilient Infrastructure and PPP

Topik:
Infrastructure Development
Penyusun:
University Network for Indonesia Infrastructure Development (UNIID), PT Penjaminan Infrastruktur Indonesia (Persero),
Diterbitkan pada:
30 November 2022
Bagikan:
Penyusun
University Network for Indonesia Infrastructure Development (UNIID)
Partner
PT Penjaminan Infrastruktur Indonesia (Persero)
PT Penjaminan Infrastruktur Indonesia (Persero)
Unduh
Promoting Resilient Infrastructure and PPP
PDF File. 200 KB Unduh
Increasing threats from natural disasters and climate change effects demand a resilient
infrastructure. While the damage from vulnerable infrastructure could cost enormous economic and human lives, providing resilient infrastructure serves otherwise. First, resilient infrastructures offer social benefits, ranging from saving human life against natural hazards and climate change to achieving a better and more equitable life quality. Second, resiliency can be utilized as a signal to attract more investment by putting the standards intact. The advantages of resilient infrastructure are often overlooked by a misconception of the cost surge. This misperception occurs because the estimation of the project’s return does not include all benefits of resiliency and the lack of proper incentives to apply the resiliency principles. Combining with inadequate funds for infrastructure investment, the resiliency standards can be the solution rather than problems assuming the main stakeholders are aware of and have proper support for the implementation. On the other hand, private participation also suffers a lack of investment while expected to fill the funding gaps of public funds. We identify that strengthening institutions, harmonizing plans and understanding across the public agencies, and providing the right incentives are the most crucial factors in pushing PPP implementation, especially in developing economies. The proposals in this policy brief focus on these issues and call for active support from G20 member countries and international communities.