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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