Policy, Finance
This use case is a contribution from the D20 Long Term Investors Club.
Policy approach(es) used to catalyse investment: Development of a national, regional, or sectoral InfraTech strategy
Finance approach(es) used to catalyse investment: De-risking mechanisms or blended finance
The adoption of technology (digital technologies) in “classic” transport infrastructure, across all stages of the lifecycle - from the planning, design, construction and maintenance - is becoming more and more relevant in order to enhance sustainability, efficiency, safety and longevity of the infrastructure to the benefit of the users and the society as a whole.
In the design, construction and maintenance of a motorway bridge, new technologies can contribute to reduce costs, shorten the construction time, increase quality, efficiency, safety and sustainability with a concrete positive impact over the territory. In the project taken as an example (case study), notably a motorway bridge, different technologies have been adopted such as robotic and sensor automation, systems for infrastructure monitoring and maintenance, special dehumidifying system to avoid the formation of salt condensation and to limit corrosion damage, photovoltaic panels, which produce the energy required for the operation of the bridge’s own systems (lighting, sensors). Moreover, a specific database contributes to study and monitor constantly the infrastructure. Data can also be used for the future design of infrastructures of the same type contributing the development of public and private stakeholders’ knowledge.
Improving efficiency and reducing costs:
Enhancing economic, social and environmental value:
Legislation and regulation; Funding and financing:
The development of sustainable infrastructure requires a combination of support and participation at central and territorial governmental level, the commitment of public and private investment and a favourable regulatory framework.
In order to develop quality, reliable, innovative, sustainable and resilient infrastructures, in line with the targets of the UN Agenda 2030 (SDGs) and the Paris Agreement on climate change, the adoption of relevant incentive policies are crucial, including new procedures in order to simplify and speed up the delivery of public works.
Public funding is important, but private sector investment clearly needs to be scaled up. Elements to be strengthened to attract private investments in sustainable infrastructure projects include, among others, the adoption of long-term infrastructure plans, a clear pipeline of bankable and quality projects, fiscal incentives, shared sustainability standards, promotion of new technologies (smart roads programs, digital infrastructures, etc.), better data analysis, capacity building mechanisms and innovative financing mechanisms.
The adoption of technological advanced solutions in the construction phase is a key driver, coupled with an efficient administrative process involving different levels of Public Authorities (i.e. Central Government and line Ministry, Regional Authority, Municipality, Commissioner, etc.) committed to speed-up the administrative procedure and helping to avoid any possible bottle necks.
The new Genoa bridge over the Polcevera river represents a key example of smart and sustainable infrastructure as well as being a showcase of Italy’s latent engineering and construction talents. Designed by architect Renzo Piano and built by a consortium company established by Fincantieri (71,3% of shares owned by CDP) and Salini Impregilo (18,7% of shares owned by CDP), the bridge is a critical traffic artery for northern Italy. The new bridge rises 45 meters above the ground and has a continuous steel deck measuring 1067 metres (3500 feet) totally, with 19 spans, supported by 18 reinforced concrete piers. Work on the new bridge was undertaken at an accelerated pace. A project that would normally take three and a half years was squeezed into just over 12 months. The shape of the deck recalls the hull of a ship, and the gradual reduction of the section towards the ends of the bridge minimises the visual impact. Thanks to innovative, efficient and technologically advanced solutions never used before in Italy and a notably innovative model that gathered private sector highest’s expertise and public commitment and administrative support, a great result was reached in a very short time. Over 1,000 persons were directly and indirectly involved in the design and building of the bridge. The total cost for the design and realisation of the viaduct was 202 million euros.
CDP (the National Promotional Institution of Italy), through its subsidiary CDP Equity (CDPE), acquired a 18,68 % share of Salini Impregilo (current renamed Webuild) through equity investments, with the purpose of revitalising the Italian construction sector and supporting the implementation of strategic infrastructure projects crucial for the economic and social development of the country.
PERGENOVA S.C.p.A. is the joint venture set up by Salini Impregilo (WeBuild) together with Fincantieri for the design and construction of the Polcevera viaduct on the A10 motorway, the new bridge of Genoa. https://www.pergenova.com/it/index.html
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