“Owning assets may no longer be where the value is, but rather determining how
you increase efficiency and productivity.”
William Ruh, Chief Digital Officer, GE
Governments have a significant challenge managing the portfolio of public infrastructure entrusted to their care. The Mowat Centre, an independent public policy think tank located at the School of Public Policy and Governance at the University of Toronto and Ontario’s non-partisan, evidence-based voice on public policy, lists six issues it feels governments must address when managing its infrastructure portfolio:
- Lack of capital available to reinvest in new infrastructure or update aging infrastructure
- Lack of internal resources to manage and maintain a comprehensive long-term strategic planning for asset management
- Lack of resources for inhouse commercial expertise to manage assets
- Existing asset often subject to intense political pressure from stakeholders, which can lead to short term thinking
- Difficult to raise capital at competitive rates for new projects
- Major pools of Canadian-based institutional investors investing outside of country because of lack of domestic infrastructure investment opportunities
A Better Way
The flexibility, structure, scalability, and collaborative nature of the IGNITE Program allows even very large owners of public infrastructure to address the preceding. It also assists the government to:
- Do what’s best for the stakeholders to the public organization
- Develop a sustainable, long-term infrastructure plan approach
- Take control of infrastructure costs
- Provide cost certainty for infrastructure operation and maintenance
- Remove many barriers from long-term corporate planning
- Address environmental issues
For more information on the IGNITE Sustainable Communities Program, contact us.
Why Join IGNITE
We’re creating The New Way Forward. The IGNITE Infrastructure Association offers a member-driven, collaborative nonprofit platform, created to provide its members with access to the world’s leading expertise and resources in infrastructure enhancement and energy savings implementation.
To be the new way forward for public organizations to efficiently renew and expand their infrastructure.
Members not only enjoy access to a wealth of resources and collaboration opportunities both globally and locally, they gain access to the IGNITE Program – a member-driven initiative which is designed to deliver a tailored plan for any large-scale infrastructure or sustainability project.
Currently, membership is available at no-cost for public organizations such as governments, First Nations, municipalities, schools, universities and other higher education institutions, and healthcare facilities. Simply contact us by phone or email to learn how to become an IGNITE Member.