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1 Agenda Wednesday, 28 November 12.30–15.30 CLASSICAL ISTANBUL TOUR: BLUE MOSQUE, HAGIA SOPHIA, AND BASILICA CISTERN This tour is a must for visitors to Istanbul. Discover the monumental buildings of Istanbul—the capital of three empires (Roman, Byzantine, and Ottoman)—each of which left its mark in the heart of the city. On this tour, you will travel thousands of years—from one civilization to another—in just a few footsteps. 12.30-14.00 WOMEN LEADERS’ LUNCHEON Join women leaders from across the globe for a luncheon and spirited discussion on the role of infrastructure in economic development. Hosted by: Madeleine Albright and Carol Browner, Albright Stonebridge Group 16.30–16.55 OPENING SESSION: WELCOME AND FRAMING Opening remarks: Dominic Barton, Worldwide Managing Director, McKinsey & Company Jimmy Hexter, Partner, McKinsey & Company Facilitated discussion to surface key issues facing participants: Rik Kirkland, Senior Managing Editor, McKinsey & Company 16.55–17.25 GLOBAL PERSPECTIVE Infrastructure is one of the cornerstones of a stable and productive society. The right investments in transportation, housing, energy, and communications are essential to create a strong and competitive economy with good jobs and improved standards of living. Decision makers need to balance economic, social, demographic, and environmental factors to make effective infrastructure investments. This session reflects on the growing importance of infrastructure for mankind in a world that will soon be home to more than 9 billion people. Madeleine Albright, Chair, Albright Stonebridge Group; Former US Secretary of State Moderator: Jim Frederick, Editor, TIME International 17.25–18:10 RETHINKING INFRASTRUCTURE Many critics highlight the world’s infrastructure challenges—few deliver solutions. It is evident that the old ways of planning, operating, building, and financing infrastructure are failing to meet the needs of the 21st century. Our goal is to transform the conversation from one of insurmountable challenges to one of opportunity and innovation, collaboratively creating a platform to move the infrastructure discussion from rhetoric to action. Where do we start? Panelists: Rashad Kaldany, Vice President, Global Industries, International Finance Corp. Michael Onolememen, Minister of Works and Member, Federal Executive Council, Republic of Nigeria David Welch, Senior Vice President and Region President, EMEA, Bechtel November 28-30, 2012 Ciragan Palace Kempinski Istanbul, Republic of Turkey

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Page 1: Agenda - Global Infrastructure Initiative...12.30–15.30 CLASSICAL ISTANBUL TOUR: BLUE MOSQUE, HAGIA SOPHIA, AND BASILICA CISTERN This tour is a must for visitors to Istanbul. Discover

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Agenda

Wednesday,28November

12.30–15.30 CLASSICALISTANBULTOUR:BLUEMOSQUE,HAGIASOPHIA,ANDBASILICACISTERNThistourisamustforvisitorstoIstanbul.DiscoverthemonumentalbuildingsofIstanbul—thecapitalofthreeempires(Roman,Byzantine,andOttoman)—eachofwhichleftitsmarkintheheartofthecity.Onthistour,youwilltravelthousandsofyears—fromonecivilizationtoanother—injustafewfootsteps.

12.30-14.00 WOMENLEADERS’LUNCHEON

Joinwomenleadersfromacrosstheglobeforaluncheonandspiriteddiscussionontheroleofinfrastructureineconomicdevelopment.Hostedby:MadeleineAlbrightandCarolBrowner,AlbrightStonebridgeGroup

16.30–16.55 OPENINGSESSION:WELCOMEANDFRAMING

Openingremarks:DominicBarton,WorldwideManagingDirector,McKinsey&CompanyJimmyHexter,Partner,McKinsey&CompanyFacilitateddiscussiontosurfacekeyissuesfacingparticipants:RikKirkland,SeniorManagingEditor,McKinsey&Company

16.55–17.25 GLOBALPERSPECTIVE

Infrastructureisoneofthecornerstonesofastableandproductivesociety.Therightinvestmentsintransportation,housing,energy,andcommunicationsareessentialtocreateastrongandcompetitiveeconomywithgoodjobsandimprovedstandardsofliving.Decisionmakersneedtobalanceeconomic,social,demographic,andenvironmentalfactorstomakeeffectiveinfrastructureinvestments.Thissessionreflectsonthegrowingimportanceofinfrastructureformankindinaworldthatwillsoonbehometomorethan9billionpeople.MadeleineAlbright,Chair,AlbrightStonebridgeGroup;FormerUSSecretaryofStateModerator:JimFrederick,Editor,TIMEInternational

17.25–18:10 RETHINKINGINFRASTRUCTURE

Manycriticshighlighttheworld’sinfrastructurechallenges—fewdeliversolutions.Itisevidentthattheoldwaysofplanning,operating,building,andfinancinginfrastructurearefailingtomeettheneedsofthe21stcentury.Ourgoalistotransformtheconversationfromoneofinsurmountablechallengestooneofopportunityandinnovation,collaborativelycreatingaplatformtomovetheinfrastructurediscussionfromrhetorictoaction.Wheredowestart?Panelists:RashadKaldany,VicePresident,GlobalIndustries,InternationalFinanceCorp.MichaelOnolememen,MinisterofWorksandMember,FederalExecutiveCouncil,RepublicofNigeriaDavidWelch,SeniorVicePresidentandRegionPresident,EMEA,Bechtel

November28-30,2012CiraganPalaceKempinski

Istanbul,RepublicofTurkey

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Moderator:JulianMills,Partner,McKinsey&Company

18.10–19.00 RECEPTION19.00–21.30 DINNERANDKEYNOTEDISCUSSION

INTEGRATINGINFRASTRUCTUREINTOSOCIO-ECONOMICTRANSFORMATIONSpeaker:HisExcellencyPaulKagame,President,RepublicofRwandaModerator:JimmyHexter,Partner,McKinsey&Company

21.30 NIGHTCAPThursday,29November08.00–09.00 BREAKFASTDISCUSSIONSESSIONS Participantsselectoneofthreeconcurrentdiscussionsessions.

INFRASTRUCTUREPLANNING:TAKINGALONG-TERMPERSPECTIVEWhydothesameobstacles—includingpowerbrownouts,watershortages,andovercrowdedtransportation—occursofrequentlyinsomanycountriesaroundtheworld?Oftentheseeventsaresymptomsofacommonproblem:investingtoolateintherightinfrastructure.Whatapproachescaninfrastructureplannersusetobuildaheadofdemand,withoutcreating“whiteelephants”?Whatlessonscanwelearnfromexperiencedinfrastructureleaders?DiscussionLeaders:ParagKhanna,Director,HybridRealityInstituteDavidMiddleton,ChiefExecutive,TransportScotlandChulHumPaik,ExecutiveDirector,Macquarie;CEOandRepresentativeDirector,KoreaInfrastructureFund;MacquarieGroupModerator:StuartShilson,Partner,McKinsey&CompanyIDENTIFYINGANDUNLEASHINGUNTAPPEDCAPACITYManyinfrastructureassetshaveuntappedcapacity.Unlockingthisadditionalcapacityoftenrequiresdifficultoperational,regulatory,orstrategicdecisions.Forexample,capacityrightsmighthavetobetakenawayfromaninefficientuser.Howmuchuntappedcapacityisoutthere?Whatprovenapproachesexisttoidentifyandunlockthatmuch-neededcapacity?DiscussionLeaders:CarolBrowner,SeniorCounselor,AlbrightStonebridgeGroup;FormerAdministrator,USEnvironmentalProtectionAgencyIsabelDedring,DeputyMayorforTransport,GreaterLondonAuthorityStephenDowd,SeniorVicePresident,Infrastructure,OntarioTeachers’PensionPlanAbdelKawiKhalifa,MinisterofWaterandWastewaterUtilities,EgyptModerator:JulianMills,Partner,McKinsey&CompanyINNOVATINGTHECONTRACTINGMODELTraditionalapproachestocontracting(suchasdefiningdetailedcontractsupfrontandallocatingworktothelowestbidderoneachparcelofwork)seemconsistentlytodeliverpoorresults.Whatinnovativeapproachestocontractinggeneratethebestresults?Whatarethecost-and-risktradeoffsbetweentraditionalmethodsandthosethatallocatemoreresponsibilitytoprivatecontractors?Whatcanthissectorlearnfromotherindustries?DiscussionLeaders:

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AnneBaldock,FormerPartner(Retired),Allen&OveryJeanPaulDrabbe,ManagingDirectorAPC,PortofAmsterdamGuyMehula,President,MiddleEastandNorthAfrica+,ParsonsModerator:GeoffYarema,PartnerandPastChair,InfrastructurePracticeGroup,Nossaman

09.15-09.20 WELCOMEBACKREMARKS Speaker:JimmyHexter,Partner,McKinsey&Company09.20–09.30 McKINSEYONINFRASTRUCTURE

Meetingglobalinfrastructureneedsagainstabackdropofausterity,highercapitalcosts,resourceconstraints,andgrowingenvironmentalconcernswillbechallenging.Butprovenstrategiesexisttohelpensurethatinfrastructureinvestmentmaximizesvalue.McKinseyGlobalInstituteandinfrastructurepracticehaveanalyzedinfrastructureinvestmentneeds,spendandtrends,aswellasover400casestudiesofferinglessonsonhowtheworldcanbetterplan,operate,buildandfinancetheinfrastructureitneeds.

Presenter:HerbertPohl,Partner,McKinsey&Company09.30–10.10 DECIDINGWHATTOBUILD

Theneedtobuildbetterinfrastructure—whichenableseconomicgrowth,createsjobs,andimproveslivingstandards—hasneverbeengreater.Whendecidingwhattobuild,infrastructureplannersandpolicymakersoftenneedtotradeoffcomplexpolitical,economic,social,andenvironmentalfactors.Howdoweimprovestrategicinfrastructureplanning,ensuringthatprojectsaredrivenbymarketdemand,resilienttofutureneeds,andabletostimulateeconomicgrowth?Panelists:TrevorFowler,CityManagerandCEO,CityofJohannesburgAndrésKuhlmann,ChiefExecutiveOfficer,TranselecLeeMcIntire,ChairmanandCEO,CH2MHILLModerator:JohnPodesta,Chair,CenterforAmericanProgress;FormerChiefofStafftothe42ndPresidentoftheUnitedStates

10.10–10.20 INNOVATIONBURST:DESIGNINGINFRASTRUCTURETHATHEALS

MASSDesignGroupcombinesinnovativeandappropriatedesignwithimmersiveresearch,leveragingthedesignprocesstogeneratesystemicchange,breakthecycleofpoverty,andultimatelycreatebuildingsandinfrastructurethatheal.Speaker:AlanRicks,FoundingPartnerandCOO,MASSDesignGroup

10.20–11.00 OPTIMIZINGEXISTINGINFRASTRUCTURE

Withbudgetsunderpressureinmostofthedevelopedworld,improvingtheproductivityofexistingassetswhilereducingtheirmaintenancecostsisatoppriority.Whataretheinnovativeoperationalleversthatcanincreasethecapacityandimprovethequalityofexistinginfrastructure?Howcanwereducemaintenanceandrenewalcostsoveranasset’slifecycle?Panelists:AlbertoAlemánZubieta,FormerChiefExecutiveOfficer,PanamaCanalAuthorityRaymondCh’ien,Chairman,MTRCorp.Ltd.GunnarMalm,DirectorGeneral,Trafikverket,SwedishTransportAdministrationModerator:IsabelDedring,DeputyMayorforTransport,GreaterLondonAuthority

11.00–11.30 BREAK

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11.30–11.40 INNOVATIONBURST:T30—BUILDINGA30-STORYHOTELIN15DAYSLastyear,BroadGroupfromChinabuilta30-storyhotelinjust15days.Asidefromtheastronomicalspeed,this17,000-square-meterbuildingis5timesmoreenergyefficient,resistanttomagnitude9earthquakes,andproducesexponentiallybetterairquality.Howdidtheydoitandisthisstyleofconstructionscalable?Speaker:JulietJiang,SeniorVicePresident,BroadGroup

11.40–12.20 SMARTER,FASTER,BETTER,CHEAPER

Overthelasttwodecades,productivitygainsinthesectorhaveprovedhardtorealize.Inthiseraofausterity,arenewedfocusisrequiredtodeliverprojectsinsmarter,faster,better,andcheaperways.HowdowepracticallydeliverSmarter,Faster,Better,Cheaper?Isthereareplicableformulaforincreasingthepercentageofprojectsdeliveredontimeandonbudget?Whatcanwelearnaboutplanningandimplementationfromtheworld’sbestdevelopers?Panelists:JulietJiang,SeniorVicePresident,BroadGroupUweKrueger,ChiefExecutiveOfficer,WSAtkinsRossRolfe,ManagingDirector,ResourcesInfrastructure,LendLeaseModerator:JimFrederick,Editor,TIMEInternational

12.20–13.00 REBUILDINGAFTERDISASTERSANDCONFLICTS

Fukushima,9/11,Iraq,andtheAsianTsunamiareexamplesofmajorconflictsanddisastersthathaveleveledanarea’sinfrastructure.Duringtheposttransitioneconomicreconstruction,leadersfacechoicesthatwilldefinethefuture.Howdoleadersprioritizewhichinfrastructureassetstorebuildandhowdotheyprovidekeyservicesintheinterim?Whatarethepainfullessonsandbestpracticesinrebuildingfromgroundzero?Howcanwebetterprepareforfutureincidents?Panelists:KazimGökhanElgin,FoundingDirector,IstanbulProjectCoordinationUnitStephenHadley,Principal,RiceHadleyGatesLLC;FormerUSNationalSecurityAdviserKitMiyamoto,ChiefExecutiveOfficer,MiyamotoInternationalModerator:FredBerger,Chairman,LouisBergerGroup

13.00–14.00 LUNCH14.15–15.15 DISCUSSIONSESSIONS Participantsselectoneofthreeconcurrentdiscussionsessions.

MAKINGTHERIGHTTRADE-OFFSFromalong-termperspective,organizations,cities,andcountriessometimesendupbuildingthewrongassetortechnology.Whatapproachescaninfrastructureplannersusetodecidewhethertooptimizeanexisting,flawedassetorbuildsomethingnewinstead?Whenshouldplannersrecommendinvestmentinexpensivesustainabletechnologyratherthanaprovenpollutingtechnology?Whatassetsshouldwebebuildingforthe21stcentury,bearinginmindtheneedtostimulategrowthandcreatejobs?DiscussionLeaders:FahdAl-Rasheed,ChiefExecutiveOfficer,KingAbdullahEconomicCitySinthyaRoesly,ChiefExecutiveOfficer,IndonesiaInfrastructureGuaranteeFundJoziasvanAartsen,Mayor,TheHague,TheNetherlandsModerator:JasonPrior,ChiefExecutive,Planning,Design,andDevelopment,AECOMTAPPINGINTOTHEPOWEROFEND-USERFUNDING

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Manyoftheoperatingcostsofinfrastructureassetsarebornebythetaxpayerratherthantheenduser.Thisfundingmodeloftenresultsinendusersseeinginfrastructureasafreeandunlimitedresource.Isthisviewsustainable?Doesthemodelneedtoevolvetolimitdemandandrestricttheburdenonpubliccoffers?Whatarethe“socialequity”implicationsofaskingcitizens—whomaybeunabletobeartheexpense—topayforfundamentalservicessuchaswaterandsanitation?Whatshouldbethepriceforinfrastructureservices?DiscussionLeaders:NazirAlli,ChiefExecutiveOfficer,SouthAfricanNationalRoadsAgencyOmarAlWahaibi,ChiefExecutiveOfficer,ElectricityHoldingCo.,GovernmentofOmanPaulGreen,ChiefFinancialOfficer,EtihadRailPhilipMoeller,Commissioner,USFederalEnergyRegulatoryCommissionMuhammedHussainSyed,Administrator,KarachiMetropolitanCorp.Moderator:JulianMills,Partner,McKinsey&CompanyMAKINGINFRASTRUCTUREANATTRACTIVEINVESTMENTAnestimatedUS$2trillionisinvestedininfrastructureeachyear,butprivateinvestmentaccountsforonlyasmallpercentageofthisamount.Howattractiveisinfrastructureasanassetclass?Whatincentivizesordissuadesinvestors?Whatistheroleofsovereignwealthfunds?Whatneedstochangetomakeinfrastructureamoreattractiveinvestmenttoalltypesofinvestors?DiscussionLeaders:TasAnvaripour,HeadoftheInfrastructureFinanceandPPPUnit,PrivateSectorDepartment,AfricanDevelopmentBankArundhatiBhattacharya,ManagingDirectorandCEO,SBICapitalMarketsAhmetFaralyali,ManagingPartner,MediterraCapitalPartnersModerator:BenCheatham,Partner,McKinsey&Company

15.25–16.25 DISCUSSIONSESSIONS Participantsselectoneofthreeconcurrentdiscussionsessions.

HOWHUMANBEHAVIOR,DEMOGRAPHICS,ANDTECHNOLOGYAREINFLUENCINGINFRASTRUCTUREDESIGNInfrastructureandhumanbehavioraretightlyinterwoven.Planningforeffectiveinfrastructurerequiresanunderstandingofhowthepublicwilluseandreacttoit.Insomecases,usingnewinfrastructurewillrequirechangestohumanbehavior.Canbehavioralsciencehelpusunderstandhowtoplanandmanagebetter?Howdowebuildinfrastructuretomeetchangingdemographics?Willnewtechnologyhelpussolvethisconundrum?DiscussionLeaders:AyeshaKhanna,ManagingPartner,UrbanIntelFredMoavenzadeh,President,MasdarInstituteofScienceandTechnologyJanicePerlman,President,Mega-CitiesProjectModerator:StuartShilson,Partner,McKinsey&CompanyBRINGINGLABOR,CONSTRUCTION,ANDSUPPLY-CHAINPRACTICESINTOTHE21STCENTURYGovernmentsincreasinglyviewinvestingininfrastructureasapowerfullevertocreatejobs,andthetemptationisstrongtoputprotectionistpoliciesinplacetokeepthejobsonshore.But,inaworldwhereresourcesareincreasinglyscarceandinfrastructureisbecomingincreasinglycomplex,isthattherightstrategy?Whatstepscangovernmentstaketosafeguardjobcreationwhilepursuingefficiency,quality,andlaborproductivity?

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Whatinnovationsinconstructioncanbeimplementedtoimproveproductivity?Howcansupplychainsbebettermanagedandsourcedtoreduceprojectcostsandrisks?DiscussionLeaders:BentFlyvbjerg,FoundingDirector,BTCenterforMajorProgrammeManagement,SaïdBusinessSchool,UniversityofOxfordEricKeen,ViceChairman,HDR;President,HDREngineeringDannyMarian,Chairman,IsraeliAssociationofConstructionandInfrastructureEngineersEminSazak,President,TurkishContractorsAssociation;ViceChairmanandCEO,YükselModerator:JimmyHexter,Partner,McKinsey&CompanyRETHINKINGINFRASTRUCTUREOWNERSHIP:WHOSHOULDOWNWHATANDWHEN?Approximately80percentofatypicalcountry’sinfrastructurewasbuiltbythepublicsector,androughly60percentisstillownedbyit.Butdifferentassetshavebeenprivatizeddifferentlyindifferentcountries.Whichassetsnaturallybelonginthepublicorprivatesector?Whoisbestpositionedtotaketherisk,delivertheservice,andbenefitfromanylong-termreturn?Whatdoesownershipmeanforcountries,operators,andprivateinvestors?Whenintheproject-developmentcycleshouldprivateinvestmentbebroughtin?Whatistheoptimalroleforgovernmentcapital?DiscussionLeaders:AlainCarrier,ManagingDirector(Europe),PrivateInvestmentsandHeadofInfrastructure,CanadaPensionPlanInvestmentBoardThierryDéau,FoundingPartnerandCEO,MeridiamInfrastructureSofyanDjalil,Chairman,PTIndonesiaInfrastructureFinanceLiBo,ChairmanandCEO,TianjinInnovativeFinanceInvestmentModerator:RobPalter,Partner,McKinsey&Company

16.25–16.40 SWITCHBREAK16.40–16.50 INNOVATIONBURST:THESUPERGRID

TheSupergridistoutedasthetransmissionbackboneofEurope’sdecarbonizedpowersector,facilitatingthetradingofelectricityacrossEurope.ItpromisestostrengthensecurityofsupplyandcreateanopportunityforEuropeancompaniestoexportsustainableenergytechnology.WhatistheSupergrid,howwillitwork,andwhyisitimportant?Speaker:AnaAguado,ChiefExecutiveOfficer,FriendsoftheSupergrid

16.50–17.30 REDEFININGFINANCEANDPUBLICACCOUNTABILITY

Infrastructureprivatizationandpublic–privatepartnerships(PPPs)havedeliveredmixedresultsforendusersandinvestors.Butrisingdeficitsandgrowinginfrastructureneedsrequiregovernmentstoexploreclosercollaborationwiththeprivatesector.Meanwhile,betterregulation,stablereturns,androbustdemandareincreasinginfrastructure’sappealtoprivateinvestors.HowcantheindustryconstructbetterPPPstoimproveperformanceandreducerisksininfrastructureplanning,finance,construction,andoperation?Whatinnovativeprojectfinancing,assetownership,andgovernancemodelsareoutthere?Panelists:ChristopherLee,FounderandManagingPartner,HighstarCapitalArifNaqvi,FounderandGroupCEO,AbraajCapitalMehmetŞimşek,MinisterofFinance,RepublicofTurkeyMarkWiseman,PresidentandCEO,CanadaPensionPlanInvestmentBoardModerator:JudithRodin,President,RockefellerFoundation

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17.30–17.40 INNOVATIONBURST:COCA-COLAONINFRASTRUCTURETouchingmorethan20millionretailpointsofsaleeachweek--manyoftheminplaceswherecommunicationsandtransportationinfrastructuresdon'texist--TheCoca-ColaCompanyhasoneofthemosteffectiveandexpansivedistributionsystemsintheworld.Whatlessonshavetheylearnedinovercominginfrastructurechallengestoreliablyservemorethan1.7billionconsumerseachday,andbuildsustainablecommunitiesacrosstheglobe?Speaker:AhmetBozer,President,EurasiaandAfricaGroup,TheCoca-ColaCompany

17:40-18:15 KEYNOTE Speaker:AliBabacan,DeputyPrimeMinister,RepublicofTurkey

Introduction:DominicBarton,WorldwideManagingDirector,McKinsey&Company18:15–19.30 BREAK19.30–21.30 DINNERCRUISEONTHEBOSPHORUS

21.30 NIGHTCAPFriday,30November08.00–09.00 BREAKFASTDISCUSSIONSESSIONS Participantsselectoneofthreeconcurrentdiscussionsessions.

DEVELOPINGTHEINFRASTRUCTURELEADERSOFTHEFUTUREOverthenextdecade,theworldwillneedtospendUS$20trilliononinfrastructure,preparingtheplanetforapopulationof9billion.Thescaleofthechallengeisimmenseandexacerbatedbyonly10percentofcurrentprojectscominginontimeandonbudget.Greattalentconsistentlymakesthedifferencebetweenhigh-performingandlow-performingprojects.Whatwillittaketosourceanddevelopinfrastructureleadersofthequalityandquantityrequiredforthechallengesahead?DiscussionLeaders:FredBerger,Chairman,LouisBergerGroupRonaldDeFeo,ChairmanandCEO,TerexCorp.RyanOrr,ExecutiveDirector,CollaboratoryforResearchonGlobalProjects,StanfordUniversityK.L.Thapar,FounderandChairman,AsianInstituteofTransportDevelopment,NewDelhiModerator:MichaelSchneider,FounderandManagingPartner,InfraConsultSUSTAINABLEINFRASTRUCTUREINACHANGINGWORLDInaworldoflimitedresources,increasingpopulation,andclimatechange,infrastructurerequirementsareshifting.Howdoweeffectivelydeliversustainableinfrastructure,takingresourcescarcity,urbancongestion,andclimatechangeintoaccount?Caninfrastructureinvestmentbeamodelforsustainableconstructionanddevelopmentpractices?Howshouldclimatechangemitigationgoalsbeevaluatedwhenconsideringprojectalternatives?DiscussionLeaders:BenHecht,PresidentandCEO,LivingCitiesKimSang-Bum,ViceMayorforAdministrativeAffairs,SeoulMetropolitanGovernmentPeterMainz,PresidentandCEO,SensusJudithRodin,President,RockefellerFoundation

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BobUhler,ExecutiveChairman,MWHGlobalModerator:CarolBrowner,SeniorCounselor,AlbrightStonebridgeGroup;FormerAdministrator,USEnvironmentalProtectionAgencyFOLLOWINGTHESMARTMONEYOverrecentyearstheglobalunlistedinfrastructurefundmarkethasgrownataratepreviouslyunseen,expandingfromanichesectoroftheprivate-equitymarketintoamajorelementofthealternative-assetsindustry.Wheredoesthesmartmoneygoandwhatisthemostsensibleassetmixtobalanceriskandreturn?Willfundsdevelopanappetitefortherisk–rewardprofileofgreenfieldprojects?ArePPPstherightmodel?DiscussionLeaders:IlkerAyci,President,TheRepublicofTurkeyPrimeMinistryInvestmentSupportandPromotionAgency(ISPAT)ChristopherLee,FounderandManagingPartner,HighstarCapitalEmmaSriMartini,PresidentDirector,PTSaranaMultiInfrastruktur(Persero)DavidMetter,ChiefExecutive,InnisfreeModerator:RobPalter,Partner,McKinsey&Company

09.10–9.25 EVENTSAFFECTINGTHEEUROZONE

TheglobalfinancialcrisishasshakenEuropetoitsfoundations.Forgoodreason,rectifyingthesituationhasbeengiventopprioritybyEuropeanleaders.Aretheymakingprogress?Whatotherimportantgeo-politicalissuesarenotgettingenoughattention?ArethereanyupsidesforEuropeandtheworldasaresultofthiscrisis?Speaker:JoschkaFischer,ManagingPartner,JoschkaFischer&Co.;FormerViceChancellorofGermanyModerator:DavidWelch,SeniorVicePresidentandRegionPresident,EMEA,Bechtel

09.25-10.00 THEPUBLICPERSPECTIVE

TheGovernoroftheStateofRiodeJaneirosharesinfrastructurebestpracticesandchallengesfromoneofthemostexcitinginfrastructurehubsintheworld.Panelists:SérgioCabral,Governor,StateofRiodeJaneiroModerator:JoschkaFischer,ManagingPartner,JoschkaFischer&Co.,FormerViceChancellorofGermany

10.00–10.20 THEBESTIDEAS360

RecapofthebestideasandsolutionsfromtheDiscussionSessions.10.20–10.30 INNOVATIONBURST:SMARTSUSTAINABLECITIES

Forthefirsttimeinhumanhistorymorethanhalftheworld'spopulationliveinurbanareas.Oneofthekeychallengesofthismegatrendishowweapproachandsolveproblemswhilechangingourmindset.Innovativetechnologiesoffersmartsolutionswhicharevitalforthesustainabledevelopmentofcities.Whataresomeofthelatestandgreatestinnovationstomakecitiessmarterandmoresustainable,therebyenablingpeopleandbusinessestothrive?Speaker:HüseyinGelis,PresidentandChiefExecutiveOfficer,SiemensTurkey

10.30–11.10 CREATINGTHECITIESOFTHEFUTURE

Whilemuchofthedevelopedworldisstrugglingwithagingandinadequateurbaninfrastructure,somecountriesareleveragingnewtechnologytodesignandmanagecities.Whatwillthecitiesofthefuturelooklike,howwilltheyoperatedifferently,andwhatlessonscanbeappliedtoexistingcities?

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Panelists:FahdAl-Rasheed,ChiefExecutiveOfficer,KingAbdullahEconomicCityHüseyinGelis,PresidentandChiefExecutiveOfficer,SiemensTurkeyFritsvanPaasschen,PresidentandCEO,StarwoodHotelsandResortsWorldwideModerator:RobertUhler,ExecutiveChairman,MWHGlobal

11.10–11.15 CLOSINGREMARKS 11.15 SUMMITADJOURNS11.45 INFORMALLUNCHEON