Infrastructure development is a powerful force in today’s global economy. Significant capital is required to maintain, repair, replace, and build new capabilities for transportation, power, ports, terminals, and energy. Governments are looking to the private sector to help finance projects, while a large group of stakeholders, from developers, contractors, banks, accounting and law firms, consultants, and others, play important roles in the infrastructure lifecycle.
As an insurance broker and risk advisor that is part of the global infrastructure ecosystem, Marsh understands the nuances of risk in infrastructure project financing. Our global team, integrated into our Infrastructure Practice, understands the divergent risk tolerance of the public sector, equity investors, lenders, and the construction sector. Marsh is uniquely positioned to discuss strategies and solutions that reduce the volatility of infrastructure initiatives, help make risk allocation decisions, and make projects bankable.
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.
Effective risk mitigation and asset management strategies must be identified for each phase of an infrastructure project. Practical tactics and real-world considerations, including the bidding phase, the pre-construction/construction phase, operational phase and project management capabilities, are key factors to contemplate.
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 (high-speed 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).
By helping manage inherent risks in projects and investments, our global team can help preserve asset value, reduce revenue-stream volatility, redeploy capital more effectively – and create new business and investment opportunities.