The CanInfra Transformational Infrastructure Summit Convenes C Suite, Think Tank, and Government Leaders at Landmark Event to Uncover Critical Topics in Infrastructure
TORONTO—The CanInfra Transformational Infrastructure Summit launches today with a keynote address by Finance Minister Bill Morneau, who will showcase Canada’s in-flight transformational projects, discuss how Canada can be a world leader in digital infrastructure, and how it can leverage the private sector to address the nation’s infrastructure gap. High-profile speakers include Nadir Mohammed from Ryerson & ScaleUP Ventures, Janice Fukakusa from Canada Infrastructure Bank, and Andrea Stairs of eBay.
“Canada has a big opportunity to use infrastructure to address multiple key future challenges, such as enabling our cities to keep growing and driving our economy, developing new digital infrastructure to support our rapidly emerging digital economy, and dealing with climate change and the rural and urban divide,” says Kilian Berz, a senior partner at The Boston Consulting Group (BCG) and chair of the Centre for Canada’s Future.
The Challenge, sponsored by Brookfield Asset Management and The Globe and Mail and presented by BCG in Canada, crowdsourced proposals from across Canada to tackle the country’s biggest infrastructure challenges.
The Summit will feature interactive breakouts in which participants can generate ideas about such issues as promoting a more ambitious national pipeline of infrastructure projects and how to prevent a ‘digital divide’ from emerging in Canada’s access to future digital infrastructure.
“Digital infrastructure is critical to both urban and rural Canada’s ability to achieve the promise of our emerging 21st century economy. That means not just wireless and fibre connectivity, but also new classes of digital infrastructure, such as data utilities and e-citizenship platforms,” adds Vadim Gouterman, a BCG partner.
Financing transformational infrastructure at scale will be a challenge that will require new types of collaboration between the public and private sectors. “Canada has world-leading pension funds and institutional investors active in infrastructure around the world. We need to be more intentional in leveraging these capabilities here at home to capture the opportunities CanInfra is highlighting,” says Vinay Shandal, a BCG partner.
BCG innovation expert Alan Iny will lead a “brain blizzard” session on how Canadian infrastructure might look if we brought to bear the mindsets of such companies as Amazon, SpaceX, and Uber.
“Canada has been trailing world-leading nations like Australia and the Nordics in infrastructure investment per capita for several decades,’ says Darwin Smith, a BCG partner. “This shows up in our distinctly average ‘infrastructure quality’ results compared to other countries and in the productivity-sapping traffic jams and export bottlenecks.”
The CanInfra Transformational Infrastructure Summit will conclude with remarks from Prime Minister Justin Trudeau.
To learn about the Canadian Transformational Infrastructure Summit, visit www.canInfra.ca.
The CanInfra Challenge is organized to encourage the development of transformational infrastructure ideas by a private sector consortium led by The Boston Consulting Group in Canada, supported by media partner The Globe and Mail, and founding sponsor Brookfield Asset Management Inc., a global alternative asset manager with over US$250 billion in assets under management. Private sector sponsors provide the prize funds and executive coaching, and include Deloitte Canada, Royal Bank of Canada, Canadian Imperial Bank of Commerce and Torys LLP. Visit the CanInfra Challenge and Transformational Infrastructure Summit website for more information, including details on rules and regulations at www.CanInfra.ca.
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