Globally, US $1.4 trillion is invested every year on transportation assets — including US $700 billion for roads — as the world’s economies develop and respond to emerging mobility patterns. Delivering these road programs is a task fraught with challenges which too often lead to inefficient use of scarce funds. In 2013, a landmark report published by McKinsey’s Infrastructure Practice presented stark evidence of the size of the infrastructure gap and the resulting need for governments to rethink how they select, design, deliver and manage infrastructure projects. Building on the methodology developed in this report, IRF and McKinsey will present the results of a global benchmarking initiative to promote transparency through an objective diagnosis and evaluation of current practices worldwide.
How many times have you feel the uneasy scent of ambiguity? How many times have you reflected, that it is the scent of opportunity; that it is the competition that pushes us to edges of knowledge? How many times have you wished to be approximately right than precisely wrong?
We all know that the construction industry has a very slow clock-speed, has historically been slow to pursue innovation, and is still notoriously inefficient. The industry is fractured, and its procurement processes seldom include incentives for innovation and R&D.
Christos Rados is leading a highly experimental and innovative transportation design firm, and he will share with the Live Theater audience his thoughts and lessons learned, on the above questions, with a really… innovative way.
Christos is bringing to the market’s party a benefit strategy; a strategy that redesigns the supply chain of the road infrastructure market.
A transformation in transportation is under way, at a pace much faster than many anticipated. The confluence of trends in automotive technology, big data and the sharing economy is changing the way people approach travel. Yet in conjunction with the rapid pace of population growth, these advances will contribute to an increase in traffic that is unsustainable.
ROAD TECH explores these technological innovations in road transport infrastructure, to highlight their role in alleviating the challenges of growing traffic. The report points to factors that can enable greater adoption of these technologies. This is a key consideration for policymakers and city leaders—as they make infrastructure investment decisions today that will shape the future of transportation in their cities and countries—as well as technology
developers, engineers and financiers.
