IRF Launches a Global Infrastructure Delivery System Diagnostic
December 16, 2015
FOR IMMEDIATE RELEASE
RIYADH, Saudi Arabia — Transportation decision-makers will soon benefit from a new comparative study on the cost-effectiveness of road program delivery, thanks to the launch of a global benchmarking initiative by the International Road Federation using a methodology developed by McKinsey & Co.
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, the International Road Federation is announcing a global benchmarking initiative to promote transparency through an objective diagnosis and evaluation of current practices worldwide.
According to Nicklas Garemo, senior partner at McKinsey, "There are large opportunities to improve efficiency in road investments and maintenance across the globe which would give the world more and better roads for the available funds. The first step to improve requires understanding where you stand and how you compare to best practice. This survey creates that understanding and allows countries to be more targeted in their future improvement efforts."
“As the sector’s chief knowledge broker with members in 93 countries, the IRF knows that boosting productivity is a key priority for all local and national governments,” said IRF President & CEO C. Patrick Sankey. “The survey and resulting recommendations will provide game-changing insights for decision-makers across our industry.”
Information on the global infrastructure delivery system diagnostic and opportunities to be participate may be found at http://www.IRF.global/mckinsey-irf-diagnostic/.
ABOUT THE IRF: The International Road Federation, founded in 1948, is a not-for-profit, non-political organization with the mission to encourage and promote development and maintenance of better, safer and more sustainable roads and road networks. With a network in 117 countries across six continents, the IRF believes it can make a difference by providing best practices and expert advice to today's multi-faceted world of transport.