Substantial infrastructure investments are on the horizon. These investments are necessary to accommodate population growth and rapidly changing ecosystems.
Now more than ever, cities and their partners are looking to integrate resilience thinking into these projects to withstand a growing array of shocks and stresses. 100RC teamed up with EY on a survey and report: “Getting Real about Resilience: How Cities Can Build Resilience Thinking into Infrastructure Projects”, to better gauge perceptions and confidence around this approach from the public and private sector.
The report also presents recommendations around innovative ways to incorporate resilience thinking into the financing, metrics, design, and planning of infrastructure projects.
One of the key findings was that applying resilience thinking throughout the lifecycle of a project is a challenge for both the public and private sectors.
When asked to rate how well city governments and the private sector build resilience thinking INTO the various stages of the infrastructure lifecycle (stakeholder management, planning, procurement, financing, and measurement), both city government and private sector actors are relatively confident in the area of stakeholder engagement.
However, that confidence begins to decline as the project moves towards implementation. While 38% of private sector respondents think that proper stakeholder engagement mechanisms are in place, only 27% of private sector respondents think that resilience is a key value driver in the assessment of private sector bids and 12% think there are sufficient financing options to carry out this work. This decline is likely due, in part, to insufficient regulatory incentives and the difficulty in activating new revenue streams in cities. In addition, both government and private sector respondents are less confident that resilience benefits are captured post-implementation. These survey results highlight the difficulty in building resilience thinking past the planning stage and into the project delivery stage.
Source: 100 Resilient Cities