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Investing in infrastructure<br />

KEY TAKEAWAYS<br />

Infrastructure is at the heart of the<br />

Chinese <strong>G20</strong> agenda<br />

The GI Hub's tool for risk assessment<br />

will help to guide governments<br />

Christopher<br />

Heathcote<br />

CEO<br />

Global<br />

Infrastructure Hub<br />

Christopher Heathcote is the Chief<br />

Executive Officer of the Global<br />

Infrastructure Hub, mandated by<br />

the <strong>G20</strong>’s 2014 Brisbane Summit<br />

to grow the global pipeline of<br />

infrastructure projects. His career<br />

began in the private sector in the<br />

1990s as a founding partner of<br />

Hyder Infrastructure Investors<br />

and adviser on many international<br />

public-private partnerships<br />

(PPPs). Towards the end of the<br />

1990s, he moved to Partnerships<br />

UK, a PPP project set up by the<br />

UK Treasury to advise the public<br />

sector in procuring infrastructure<br />

programmes. He returned to the<br />

private sector in 2006.<br />

GI Hub: providing<br />

concrete support<br />

for China’s <strong>G20</strong><br />

The Global Infrastructure Hub will help the <strong>G20</strong> work towards<br />

long-term impact by growing the global pipeline,<br />

writes Christopher Heathcote<br />

@gi_hub<br />

globalinfrastructurehub.org<br />

The global economy faces<br />

low growth, an estimated<br />

infrastructure deficit of up to $20<br />

trillion by 2030 and low interest<br />

rates, which are compressing<br />

margins and driving a search for higher<br />

yielding assets.<br />

Infrastructure is at the heart of the<br />

Chinese <strong>G20</strong> agenda. The GI Hub, with its<br />

mandate to grow the global pipeline of<br />

potential infrastructure projects, has worked<br />

closely to support the Chinese presidency.<br />

At their most recent meeting in July in<br />

Chengdu, <strong>G20</strong> finance ministers and central<br />

bank governors welcomed the GI Hub’s<br />

online, interactive tool for risk assessment<br />

in public-private partnerships (PPPs). This<br />

tool will help to guide governments to<br />

better allocate risk in PPP projects, a key<br />

barrier to the private sector investing in an<br />

infrastructure project.<br />

The finance ministers also asked the GI<br />

Hub “to work with the MDBs (multilateral<br />

development banks) to assess internal<br />

134 <strong>G20</strong> China: The Hangzhou Summit • September 2016 G7<strong>G20</strong>.com

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