IPFA Europe: Madrid: Trends in Innovation and Digitalisation in Asset Management of Capital Projects
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Optimising O&M costs through innovative asset management: what are the trends in technology and digitalisation? Can the development of innovative asset management be part of the solution to finance distressed assets?
Many public authorities are faced with the challenge of financing the O&M of existing infrastructure in the context of a growing disapproval of concessions and user-pays mechanisms (e.g. Radiales). In parallel, the number of greenfield projects coming to market is reducing, especially in southern Europe.
Innovative asset management brings all infrastructure implementation and operation disciplines under one umbrella, with a focus on balancing level of service with costs and risks on a long-term basis. From free-flow electronic toll collection, to predictive asset deterioration modelling and the growing reliance on decision-making tools (BIM, GIS, etc), can technology and digitalisation really support better highway infrastructure for cheaper?
This topic will be discussed in a panel session with an initial presentation showcasing projects where significant savings and/or optimised level of service have been reached by deploying more technology. For discussion: How will these tools impact the PPP business? Improve bankability, increase liability, reduce risks, increase earnings etc.
This event will be held in Spanish.
The agenda for this event will be announced shortly.