Incoming president and chief executive of Infrastructure Ontario (IO), Michael Lindsay, has told P3 Bulletin that the organization will need to “grow a little bit” to cope with the large pipeline of projects it has been tasked with delivering.
There were 40 projects included on the latest list published by IO in September, including a number of major transit schemes.
Lindsay said that some of these subway programs are being packaged up into smaller projects to make them more deliverable, which will require increased capabilities within the IO team.
“Around the delivery of these major infrastructure projects, we will need some greater capability in managing retained integration risks as projects are re-incorporated from separately delivered parcels” he explained.
Lindsay also said IO will have a “renewed emphasis and focus on how we think about the trade-off between competitive pricing, risk transfer, the culture we create around disputes, etc.”
As part of this, he is keen for there to be greater emphasis on the technical aspects of the assets being built, to ensure they are fit for the future. Such focus is designed to avoid a “race to the bottom” where tenders are largely won based on price alone.
To read an in-depth interview with Michael Lindsay, the incoming president and CEO of Infrastructure Ontario, look out for the next issue of P3 Bulletin, later this year