Public sector authorities are realizing that many times they are not ready to implement projects as P3s. They need more time to define their objectives and goals for the project, properly define the scope and phasing, and understand and fairly allocate risks between the public and private sectors.
As a result, a number of agencies are opting for or at least considering a different approach – engaging private-sector players earlier at a point more upstream in the planning process through what is known as a pre-development agreement (PDA).
Reducing GHG or CO2 emissions takes a concerted effort, and the engineering and construction industry plays an important role to support a low carbon future through innovation, enhanced practices, and the future of work.
See how companies are drawing on their resources to set and meet ambitious targets for the good of the planet.
With more than 180 countries committing to nationally determined climate targets, covering 99 percent of global emissions, and about 65 percent focused on mitigating greenhouse gas emissions (GHG), the Paris Climate Agreement has advanced global efforts to tackle climate change.
Enhanced collaboration between civil society, government, and business in the planning, design and implementation of core and social infrastructures should grow economies; build resiliency; and help to solve societal problems.