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TUE8.2: Public private partnership approaches
Enhancing regional resilience to cope with critical infrastructure disruptions: the public-private partnership experience in Lombardy Region, Italy
1Risk Governance Solutions S.r.l., Italy, Republic of; 2Politecnico di Milano, Italy; 3Lombardy Region, Italy
Critical infrastructures (CIs) provide a number of fundamental services (transportation, energy, communication, etc.) on which society depends. The disruption or destruction of some of these infrastructures, triggered by natural, technological or intentional events, can be debilitating to the needs of society and individual citizens. To prevent potential crisis situation, due to the disruption of essential services, there is a need, not only to set up effective critical infrastructure protection (CIP) strategies, but also to enhance the resilience of society, i.e. its capability of detecting, facing, and recovering from any type of CIs disruption. While most CIP policies are developed at national level, the regional level appears particularly adapted to the implementation of strategies focusing on developing a holistic disaster resilience approach, based on governance principles.
Old issues, new approaches - public private partnerships for effective recovery and reconstruction
WorleyParsons, United States of America
Media images and reporting portray recovery and reconstruction management to be chaotic, uncoordinated, inefficient and reactive. From the affected individual’s perspective, recovery and reconstruction can be seen to be a bureaucratic nightmare – no one knowing what is going on, or having to go to multiple support organizations for similar things. From the aid provider's and nation state's perspective, there can be a disconnect between the support required and the aid provided.
Risk for financial agencies in providing affordable disaster insurance to developing countries
Purdue University, United States of America
Under socio economic development practice in Hyogo Framework for Action (HFA) to make the world safer from natural hazards, emphasis is given to protecting and strengthening public infrastructure through proper design, retrofitting and re-building, in order to render them adequately resilient to hazards. Infrastructure facilities are not only important to fortify the nation against disaster risks but they are also crucial for nation’s economic development and poverty reduction. While their need is well known to decision makers, they are still short supplied and in poor condition mainly in developing countries. This has caused larger economic losses due to extreme events. This is a result of not only substandard infrastructure but also of increased population and low insurance penetration in the vulnerable urban areas. In order to hedge disaster risks to international capital markets, developing countries have adopted various approaches such as issuing catastrophe (CAT) bonds or creating a pool of funds that are supported by multi-lateral agencies such as the World Bank, Swiss Re, etc. These agencies are also providing risk transfer instruments for financial assistance in emergency situations. Due to restricted budget, most of the developing countries may ignore needs for proper disaster risk reduction and rather divert their funds for development projects. Thus there is a need for a mechanism that would make risk transfer instruments affordable for developing countries so that they do not have to compromise with their spending on development projects. This presentation would discuss the role that multilateral financial agencies could play in establishing such mechanisms through partnerships with governments. It would also discuss the change in their risk profile for financial agencies when they enter into such partnerships.
Can the PFI model mitigate risk in non-infrastructure procurement?
Consortium for the Built Environment, United Kingdom
In the current economic climate there is an increased requirement for governments, both national and local, to demonstrate value for money (VFM) to their stakeholders. Nowhere is this more important than in major infrastructure projects. For this reason, the UK Government has, for a number of years, used the Private Finance Initiative (PFI) methodology for such projects. However, the lessons learned from this procurement method may have applicability across procurement frameworks for other purchasing requirements.