The scale of projected infrastructure financing in the UK and internationally is enormous, while this infrastructure’s conception, design, procurement and construction will necessarily have a major impact on short-term and long-term sustainable development. This paper seeks to establish methods of finance and insurance selection that facilitate sustainable design and construction techniques to improve the liveability, sustainability and resilience of infrastructure and cities. Furthermore, it establishes criteria for the financing and insurance of infrastructure, to enable selection of organisations providing products and services that have sustainability at the heart of their operations and by extension mandate the retention of sustainability at the core of any infrastructure programme. This paper introduces the concept of ‘restorative infrastructure’ in city transformation and demonstrates that substantial savings are possible compared with the current practice with the introduction of improved financial and insurance selection.
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16 June 2020
Research Article|
July 10 2019
Infrastructure value maximisation: finance and insurance appraisal
Michael E Goodfellow-Smith, DipEM, BA, MSc, PIEMA, MSI, FRSA
;
Department of Civil Engineering, University of Birmingham, Birmingham, UK
(corresponding author: mike@questforfuturesolutions.co.uk)
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Christopher D F Rogers, Eur Ing, BSc, PhD, CEng, MICE, FCIHT, SFHEA
;
Christopher D F Rogers, Eur Ing, BSc, PhD, CEng, MICE, FCIHT, SFHEA
Director
UKCRIC National Buried Infrastructure Facility, Department of Civil Engineering, University of Birmingham, Birmingham, UK
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Miles R Tight, BSc, PGCE, PhD, FRSA
Miles R Tight, BSc, PGCE, PhD, FRSA
Professor of Transport, Energy and Environment
Department of Civil Engineering, University of Birmingham, Birmingham, UK
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(corresponding author: mike@questforfuturesolutions.co.uk)
Publisher: Emerald Publishing
Received:
December 30 2017
Accepted:
May 31 2019
Online ISSN: 2053-0250
Print ISSN: 2053-0242
ICE Publishing: All rights reserved
2020
Infrastructure Asset Management (2020) 7 (2): 103–110.
Article history
Received:
December 30 2017
Accepted:
May 31 2019
Citation
Goodfellow-Smith ME, Rogers CDF, Tight MR (2020), "Infrastructure value maximisation: finance and insurance appraisal". Infrastructure Asset Management, Vol. 7 No. 2 pp. 103–110, doi: https://doi.org/10.1680/jinam.18.00007
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