Special Report

Using joint ventures to deliver infrastructure projects – Roadmap to recovery

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Joint Ventures Delivering Infrastructure Projects

As we emerge from the pandemic, it is evident that investment in infrastructure, is going to drive economic recovery and Joint Ventures will be the predominant approach to delivering infrastructure.

The need for effective and efficient joint ventures to deliver infrastructure projects has never been greater as economies begin to emerge from the Covid-19 pandemic. Investment in infrastructure is taking centre stage in driving economic recovery and the competitiveness of nations.

Joint ventures will remain the predominant approach to delivering infrastructure projects.

We explore how our guide Joint ventures – Delivering infrastructure projects can assist our clients and those across the infrastructure sector globally in identifying the critical success factors and key considerations in developing and operating effective and efficient joint ventures during three phases of recovery from the Covid-19 pandemic.

Joint ventures across the infrastructure sector are too often developed around the capacity to deliver programs and projects rather than on developing a coalition of the best capabilities to deliver efficiently and effectively over the longer-term

James Stewart OBE - Vice Chair, KPMG in the UK

Successful JV’s are a function of real contribution to the outcome of the project from all partners and not just risk sharing

Sean Flanagan - Group Chief Executive Officer, Aveng

The reality of all mega-infrastructure projects is that they are diverse and dynamic and faced with constant change. It is critical therefore, that the JV structure adopted has the flexibility to deal with this

Adam Frith - General Counsel, Acciona Infrastructure Australia

The best JVs are those involving consortiums where the common objective was set out at the start and all decisions are made for the benefit of the project

Stephen Fox CBE - CEO, BAM Nuttall

When leadership teams within a JV clash on culture, values and objectives, it will be almost impossible to create an enduring and successful business. Therefore, it is essential that the management of both parties understand the other partner’s approach to culture, values and objectives at a very early stage in discussions

Emma Seymour - Vice President of Worker Welfare, Expo 2020, Dubai

Mega infrastructure projects stand or fail on the quality of project leadership. Project leaders within a JV need to be empowered and supported by all parties within the JV to ensure success

Roger Bailey - Chief Technical Officer, Thames Tideway

Restructure

The initial phase of recovery from Covid-19 will require the restructuring of distressed infrastructure projects and programmes. This will include dealing with claims and disputes as well as refinancing of infrastructure projects and recapitalisation of supply-chains.

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Reset

The effective development of new pipelines of infrastructure projects at a national level and the procurement of new infrastructure projects as a part of government stimulus planning will need careful structuring and capacity planning.

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Reinvent

Transforming productivity is essential for the effective and efficient delivery of infrastructure projects. The effective implementation of innovation and technology and the need to develop new skill sets and leadership as well as improved governance of infrastructure projects will be essential in transforming productivity.

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