Problem DescriptionCities are struggling to repair or replace infrastructure at city-wide scales in a time of strained public resources and greater challenges—like climate change, urbanization, shifting population demographics, and rapid technology change. The American Society of Civil Engineers estimates that US cities need $3.6 trillion dollars to update what cities already have—not to build the smarter, cleaner, greener, and more robust systems designed to address new challenges, like flooding, rising sea levels, heat waves, and more. Cities need support to develop a pipeline of cost efficient and financeable resilient infrastructure projects in order to attract and leverage private financing at larger scales.
The RE.invest Initiative used an 18-month infrastructure predevelopment process—all of the activities that go into designing and planning large-scale projects prior to construction—with eight US cities and teams of leading private sector design, engineering, law, and finance experts. The process integrated early design and financing decisions and help cities make the leap from crafting a vision for resilience to generating a set of financeable large-scale projects. The resulting RE.invest resilient infrastructure projects are designed to capture multiple cross-sector revenue streams and to serve as examples of the types of projects made possible using this new framework for reimagining civic infrastructure systems to create both public value and private investment opportunities.
- Elle Hempen, re:focus partners
Solution StageOne of the 7 stages of an innovation. Learn more
|STAGE||SPECIALIST SKILLS REQUIRED||EXAMPLE ACTIVITIES||RISK LEVEL AND HANDLING||FINANCE REQUIRED||KINDS OF EVIDENCE GENERATED||GOAL|
|Developing and implementing5||Strong leadership, management, implementation skills|
|A robust and detailed case developed through formal evaluation and evidence gathering – use of a control group to isolate impact||An implemented and sustainable innovation|