President Jorge Mas - Welcome Letter
“Today we are on progress in our journey towards a better world, where the construction industry has much to say and contribute to the challenges we are facing today, taking in consideration that the economic reality and needs of people have been changing. It has been an honor being able to lead our organization’s presidency. My commitment is set looking towards the rest of my mandate during 2018.
As a confederation, we have big challenges. On the one hand, we need to continue growing as the voice of the construction industry and, on the other, to facilitate the efforts to overcome the investment gaps in infrastructure. The infrastructure is one of the cornerstones in the development of countries. To be precise, currently the world invests around US$ 2,5 trillion yearly. In order to finance infrastructure needs towards 2030, this figure must increase to US$ 3,3 trillion yearly in average, which is not a minor number.
Therefore, the questions are: What we can do? What are we doing? To answer the first question, I am convinced we can do good things. We firmly believe in the promotion of planning and regulatory framework, improving the complexity of projects and their impact on society. This requires long term planning tools in order to satisfy population needs in a proper timing. Thus, large infrastructure plans and a defined Project pipeline are essential to finance the investments. We should do bigger efforts in all the different Confederations, Associations, multilateral entities and governments, to achieve investment in infrastructure that transcends government administrations and has its own institutionality.
It is impossible to bridge current and future infrastructure gaps with only public funding. The history has said that the needs in current expenses, do not allow the long-term investment.
Therefore, Public-Private Partnerships (PPP’s) are the cornerstone of executing the infrastructure needs identified. By last, the sector needs alternate funding sources, infrastructure investment must be integrated to the financial market formally, as an asset class or instrument to generated long term gains. Funding options through institutional investors can be an alternative.
To analyze and provide solutions, the interaction and constant work of the six working groups of CICA, formed since the beginning, has been crucial. The exchange of points of views and experiences of people from different countries working together has strengthened our Confederation. Likewise, the continuous dialogue with financial institutions and Multilateral Governmental Organizations such as the World Bank, the Asian Development Bank, UNECE and the OECD has been the motor for the development in the changes that we are working on.
Part of our commitments is to work on making changes, that is why I want to highlight the relevant agreement we made with the Global Alliance for Building and Construction, our participation with the B20, which will continue in 2018, the support of the Sustainable Infrastructure Federation (SIF), and the relationship with all the Multilateral institutions, either financial or governmental, because our mission is not only to build, but also to build efficiently, responsibly and, above all, to take care of our planet and the next generations.
We know that there are many issues and challenges to achieve, but at the same time we are working to make CICA the real voice of the construction industry.
I am convinced that the way we are going is in the right way and that we can do many more things if we continue working together in a friendly and collaborative relationship.”