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REVIEW: Poverty alleviating infrastructure requires innovation

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The core of contemporary societies is infrastructure, it is crucial for inclusive growth and poverty reduction on a habitable planet, access to clean water, schools, hospitals, energy, transportation, and digital networks. To fulfill the 2030 Sustainable Development Goals and the Paris Agreement targets, infrastructure must be reimagined as sustainable, resilient, and inclusive. Financing, planning, and construction all require innovative approaches. Developing sustainable infrastructure in emerging markets and developing economies requires colossal annual investments in the trillions. Innovative funding, planning, and construction approaches are paramount to achieving this. Firstly, governments facing fiscal constraints must prioritize private sector-led infrastructure development and finance through mechanisms like public-private partnerships (PPPs). Secondly, development banks, including multilateral development banks (MDBs), play a crucial role, facilitating large-scale private i
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CASE STUDY: Public-Private Partnerships Can Advance Infrastructure Innovations

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In the modern era, governments should embrace Public-Private Partnerships (P3s) to harness the potential of the private sector. This collaboration brings together funding and expertise to develop innovative solutions for infrastructure challenges.

Japjeev Kohli shares a case study that highlights the significance of public-private partnerships (P3s) in the development of transportation infrastructure. It draws parallels between the early days of automobile adoption and the current era of smart road technologies. Early investors and businesses played a crucial role in paving the way for the first cross-country route, the Lincoln Highway, demonstrating the transformative power of P3s.

The author emphasizes the advantages of the private sector in raising capital, experimenting, and devising solutions without direct financial risk to taxpayers. Modern P3s leverage the expertise and funding of the private sector to address infrastructure challenges, such as the I-95 Express Lanes in Northern Virginia. Governments and companies benefit from P3s by enhancing safety, optimizing customer experience, future-proofing infrastructure, and saving taxpayer dollars. Technology industry leaders engaged in P3s should align their goals with public sector needs, foster continuous innovation, and invest in expertise. By leveraging the strengths of both sectors, P3s can lead the way in bringing the next generation of infrastructure innovations to life.

The case study was written by Japjeev Kohli the Vice President of Technology at Transurban North America for Forbes

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