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Managing risk on complex infrastructure projects can lead to strong opportunities for innovation and cost savings – both during construction and in the long term.

Coffey Business Development Manager Transport Infrastructure Sukumar Pathmanandavel welcomed discussion at the Australian Financial Review’s national infrastructure summit, which included commentary that some future infrastructure projects in urban environments are likely to be built underground.

He said it was important to manage risk on complex infrastructure projects, including those built underground. But there were many benefits that could also be realised through a deep understanding of the geological and environmental conditions.

“It’s important our future infrastructure projects deliver urban planning benefits to a city both in the short term and for the years ahead,” Sukumar said.

“While the geological conditions and environmental requirements of a project area can present technical challenges, they also provide an opportunity for innovation.”

Sukumar said considering these issues early in the planning process could help establish design solutions, safety measures and construction techniques that would improve safety and deliver savings across the life of a project.

“Understanding how these factors affect a project in the design, construction and maintenance phases is crucial to managing risk.

“As new infrastructure projects get underway, there is a strong opportunity to consider innovative ways to minimise risk and drive efficiencies during construction, while also delivering whole-of-life benefits for the asset owner.”