Peer Review and Capacity Building on APEC Infrastructure Development and Investment: Chile

APECPolicy Support UnitOctober2024 Akhmad BayhaqiAsia-Pacific Economic Cooperation Policy Support UnitAsia-Pacific Economic Cooperation Secretariat35 Heng Mui Keng TerraceSingapore 119616Tel: (65) 6891-9600 Fax: (65) 6891-9690Email:psugroup@apec.orgWebsite:www.apec.org Produced for:Committee on Trade and InvestmentAsia-Pacific Economic Cooperation APEC#224-SE-01.16 This work islicensed under the Creative Commons Attribution-NonCommercial-ShareAlike4.0 International License.To view a copy of this license,visithttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.en. The views expressed in thisreportare those of the authors and do not necessarily representthose oftheAPEC Member Economies. The analyses and recommendationsin this documentare the authors’own and do not represent the views or commitments of the Ministry of PublicWorks of Chile.The terms‘national’ and‘state’used in the text are for purposes of accuracyin reflecting the formal designation of terms in this report, and do not imply the political statusof any APEC member economy. TABLE OF CONTENTS List of tables................................................................................................................................ivList of figures................................................................................................................................vList of boxes.................................................................................................................................vExecutive summary...................................................................................................................viDefined terms and abbreviations.................................................................................................ix 1.Introduction....................................................................................................................1 PART A.PEER REVIEW AND EMPIRICAL ANALYSIS.....................................3 2.Initialassessment basedon the Reference Guidefor Peer Review and CapacityBuildingon APEC Infrastructure Development and Investment..............................3 Focus areas...................................................................................................................................3 3.Analysis offindingsaboutimproving resilienceininfrastructure............................5 Approach to analysis.....................................................................................................................6Finding #1:Prioritise preventative measures............................................................................7Finding #2:Adopt a proactive stance in regulatory adaptation.................................................8Finding #3:Further expand innovative financing.....................................................................8Finding #4:Use a multidisciplinary and integrated approach for effective disaster responseand resilience planning.................................................................................................................9Finding #5:Disaster management requires a holistic approach..............................................11Finding #6:Embedclimate changeandenvironmental risksininfrastructure planning........11Findingsmatrix: Gapanalysis....................................................................................................12 4.Analysis offindingsabout PPPcontracts aimedatimproving resilience...............21 Approach to analysis...................................................................................................................22Risk assessment and allocation...................................................................................................22Disaster and emergency management.........................................................................................23Adoption of intelligent transport systems...................................................................................25Use of public investment for infrastructure development...........................................................27Alliance contracts and the connection with PPP contracts.........................................................27Independent Reviewer................................................................................................................29High-level evaluation of contractual options..............................................................................30 5.Possiblecapacity-building needsandapproach........................................................35 Approach to analysis...................................................................................................................35The assessed capacity-building needs.........................................................................................35 Chile’s overall position: Five elements of quality infrastructure..........................................