Presentation from 2025 Conference on Accelerating Infrastructure Permitting. For further information please see www.oecd.org/gov

1. Escaping the Governance Trap
Paris, 24 Feb 2025
Nuno A. Gil
Professor of New Infrastructure Development
Alliance Manchester Business School

2. Historical Performance (Railways)

3. What is going on here?

4. We hope in something [technology] we
don’t quite trust [Heidegger 1955]

5. Stakeholder-Oriented Legal Frameworks

6. Stakeholder Enfranchisement at Scale
Stakeholders Identified (#17,596@ 80km)

7. Landowners ( #265)
Local Government Entities (#148)
Beneficiaries (#24)
Environmentalists (#30)
Property Holders (#932)
Social Activists (#23)
National Government Entities (#38)
Suppliers (#6)
Local Community Members (#1,127)
Stakeholders (#2,596)
Investors (#3)
Production
Team
(#274)
Large-scale Wealth Co-Creation?
“Non-market”
(#2322)

8. Shareholder-centric Investment Choice

9. Governance Trap
Board of Directors
Shareholders
Top Project
Management
Employees
Suppliers
Other constituents
(e.g. creditors, end-user groups)
“Non-market” Stakeholders and Gradients of Goal Alignment
Society (“Us all”)
Production Team

10. Problem 1: Collective Action Problems

11. Problem 2: Agency Problems

12. Problem 3: Inefficiency

13. Where Does this Leave us?

14. Strengthen the Commons

15. “Clubs”

16. Back to Laissez faire?

17. Thanks

18. Local Gains?
In Gary D. Libecap 2024

19. Infrastructure Costs