Sustainable Infrastructure Projects: Systemic versus Traditional Delivery Models
Magnus Hellström,
Kim Wikström and
Kent Eriksson
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Magnus Hellström: Faculty of Science and Engineering, Åbo Akademi University, 20500 Åbo, Finland
Kim Wikström: Faculty of Science and Engineering, Åbo Akademi University, 20500 Åbo, Finland
Kent Eriksson: Sustainable Finance Lab, Center for Construction Efficiency, School of Architecture and the Built Environment, KTH Royal Institute of Technology, 10044 Stockholm, Sweden
Sustainability, 2021, vol. 13, issue 11, 1-15
Abstract:
Sustainability involves multiple environmental, technical, social and economic factors, and such complex analysis requires systemic solutions. Delivery models are key to achieving system benefits and enhancing sustainable development in infrastructure investments. They define the phases of a project, incentive structures, risk sharing and the relationships among the actors in it. They are usually developed early in the project and determine the project dynamics and outcomes. We compared traditional delivery models with systemic ones. We identified and illustrated elements that differ between them through two cases. The contribution is an increased understanding of how systemic infrastructure delivery models can adapt to changes in their environment. We also found that sustainability is vastly under-researched in systemic infrastructure delivery, but that its potential to deliver benefits to PPP infrastructures is substantial.
Keywords: delivery model; infrastructure project; business ecosystem; system benefit; flexibility; sustainability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:11:p:6273-:d:567344
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