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Stimulating Innovation and Creating Value-Added Mega Infrastructure Projects: Unlocking Financial Availability and Increasing Project Feasibility
Stimulating Innovation and Creating Value-Added Mega Infrastructure Projects: Unlocking Financial Availability and Increasing Project Feasibility
WhenMonday, Dec 4, 2017, 1 – 2:30 p.m.
Campus locationStudent Union Building (HUB)
Campus roomHUB 238
Event typesLectures/Seminars
Event sponsorsUW Global Innovation Fund, UW Southeast Asian Center, UW Civil and Environmental Engineering and in collaboration with UW Sustainability
Description

Infrastructure development is arguably one of the main drivers of economic growth. Infrastructure systems create the backbone of an economy, as they provide social, as well as economic, benefits to society. The development of modern infrastructure thus becomes a way to enable competitive advantage in a highly competitive global environment. Technological innovation must contribute to the development of new models of sustainable social, economic, and environmental growth in order to make the system more sustainable for the well-being of society.

A key success factor for infrastructure Public Private Partnerships (PPP) is the quality of project feasibility, assessed through Value for Money (VfM). PPP plays an important role in the success of infrastructure development by producing optimum benefits for stakeholders. The government must play a role in providing public infrastructure, reasonable community pricing for accessing infrastructure services, and generating revenue for the private sector. Furthermore, in order to create optimum benefits and increase project feasibility, innovation and value-added infrastructure projects must be a focus of the early project planning stage. Efforts at cost effectiveness and the creation of value-added projects form the basis for accelerating infrastructure development when there are financial constraints. Value-added projects will directly affect financing and partnership schemes.

Some case studies on the use of value engineering application, and followed by financial analysis and partnership model in megaproject planning are presented. The findings show that value-added infrastructure projects and effective infrastructure financing schemes is able to enhance project feasibility and thus boost strategic alliances between government and the private sector.

Speaker:
Dr. Mohammed Ali Berawi is an associate professor in the department of civil engineering, faculty of engineering, Universitas Indonesia and has extensive research experience in value engineering/value management and innovation in the context of infrastructure, construction, and manufacturing industries. Dr. Berawi served as Lead Advisor to the Republic of Indonesia’s Ministry of Transportation (MOT) in 2012, Executive Director of the Center for Sustainable Infrastructure Development (2014), Director of the Directorate of Research and Community Services (DRPM) at the Universitas Indonesia (2015), and he currently serves as Chairman of Standing Committee on Infrastructure Strategic Policies for Indonesia Chamber of Commerce.

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