Infrastructure development is a powerful force in today’s global economy. Hundreds of billions of dollars are being spent every year maintaining, repairing, replacing, and building new capabilities for transportation, power, ports, terminals, and energy. Governments are looking to the private sector to help finance that investment.
Our Infrastructure Practice understands the divergent risk tolerance of the public sector, equity investors, lenders, and the construction sector. We can assist you manage, reduce, and mitigate risk in your projects and investments, helping to preserve asset value, reduce volatility of revenue streams, and enable redeployment of capital.
Our approach focuses on lifecycle risk. As the challenges and risk profiles of stakeholders change throughout a project — from development through planning, design, construction, and operations — we provide the insights necessary to manage changing risks.
Through collaboration with other Marsh industry practices, we can provide you with solutions tailored specifically to the development of projects in power (carbon, nuclear, and renewables), transportation (rail, airports, roads, bridges, tunnels, and ports and terminals), utilities (electricity, gas, and water), energy (oil and gas — including refining, transportation and storage), and social infrastructure (hospitals, schools and accommodation).
For public entities, the focus is on providing clear economic justification and an investment rationale for each project, while demonstrating public responsibility and accountability to protect both short- and long-term interests of taxpayers. In addition to value for money, value at risk is a key factor, as public entities are increasingly pressured to avoid cost-and-delay overruns.
Marsh can help governments and other public sector agencies in the project risk management process. Our differentiator: asset class and project-specific risk allocation and quantification.
The ability to identify, quantify, allocate, and manage insurable and uninsurable risk affects an equity investor’s potential to formulate a winning bid. It can also provide the protections and return on investment your management team, investors, lenders, governing bodies, insurers, and the owner demand.
For financial and strategic investors, including dedicated infrastructure and private equity funds, direct investing pension and sovereign funds, as well as public/private partnership bid vehicles, Marsh provides the confidence to help successfully meet investment objectives. We help you gain a competitive edge while protecting your investors’ interests.
In addition, we help you satisfy the contractual requirements of capital providers and governmental counterparties by understanding inherent risks over the lifecycle of greenfield projects and operational infrastructure assets.
Before agreeing to finance an infrastructure development project or operational asset, debt providers need to be assured that all project risks associated with the venture have been identified, analysed, and effectively controlled or transferred.
Working with project parties — legal, financial, and technical advisers, sponsors’ insurance brokers, and others — Marsh’s lender insurance advisory team applies technical knowledge and experience to help you make projects bankable, while fulfilling your duty-of-care to lenders.
We deliver practical, innovative, capital-efficient solutions to help you generate yield and margin growth. We define, design, and deliver these solutions by collaborating with you on strategies for deploying capital on project and enterprise risk.
Professional Service Providers
Marsh is recognised as one of the foremost insurance brokers and advisers for specialist project-specific professional liability coverage for all types of infrastructure projects.
We work with construction professionals (consulting firms or design/build contractors) and project owners to develop bespoke professional liability insurance solutions, which could enhance the financial security for the owner's investment and provide adequate protection to the construction professionals against potential liabilities arising from professional errors and omissions.
Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by Jardine Lloyd Thompson Pty Ltd (ABN 69 009 098 864, AFSL 226 827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.