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Governance Challenges of Infrastructure Delivery: The Case for Socio-Economic Governance Approaches
Research on governance of infrastructure projects has explored who should optimally own and operate these assets. Instead, we focus on a set of governance challenges that arise systematically during the project shaping, design, construction and operation phases of infrastructure projects. Importantly, project decisions at one stage can limit choice options and compromise financial, environmental and socio-political sustainability in subsequent stages. This paper discusses how these challenges arise within different phases of the infrastructure project lifecycle and propagate across phases; it shows how poorly traditional financing and governance approaches have addressed these challenges on past infrastructure projects; and it proposes socio-economic approaches that have the potential to address the governance requirements of future infrastructure projects more fully.
Governance Challenges of Infrastructure Delivery: The Case for Socio-Economic Governance Approaches
Research on governance of infrastructure projects has explored who should optimally own and operate these assets. Instead, we focus on a set of governance challenges that arise systematically during the project shaping, design, construction and operation phases of infrastructure projects. Importantly, project decisions at one stage can limit choice options and compromise financial, environmental and socio-political sustainability in subsequent stages. This paper discusses how these challenges arise within different phases of the infrastructure project lifecycle and propagate across phases; it shows how poorly traditional financing and governance approaches have addressed these challenges on past infrastructure projects; and it proposes socio-economic approaches that have the potential to address the governance requirements of future infrastructure projects more fully.
Governance Challenges of Infrastructure Delivery: The Case for Socio-Economic Governance Approaches
Levitt, Raymond E. (author) / Henisz, Witold (author) / Scott, W. Richard (author) / Settel, Daniel (author)
Construction Research Congress 2010 ; 2010 ; Banff, Alberta, Canada
Construction Research Congress 2010 ; 757-767
2010-05-04
Conference paper
Electronic Resource
English
Governance Challenges of Infrastructure Delivery: The Case for Socio-Economic Governance Approaches
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