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It brings together all stakeholders to work together for one integrated goal It drives long-term economic growth, and competition amongst businesses and industry and their goods and services (HM Treasury, National Infrastructure Plan 2011, 2011) Infrastructure project tackles citizens demand for basic services in a costeffective and ecologically sustainable manner. It promotes holistic thinking, process orientation, cost tracing, and effective uncertainty management (Santander & Sanchez-Silva, 2007) It provides housing, education, health, civic buildings, roads, water, sewerage, harbours, and other industrial and commercial and small and medium buildings
Challenges: Managing the many stakeholders and their diverse expectations (Howes, R. & Robinson, H. 2005) Managing the change required to move traditional engineering practices to a new paradigm course of action Balancing infrastructure projects between rural regions and urban areas Interacting society and the environment with infrastructure projects Involving finance and management approaches in infrastructure projects Securing public private partnership in financing infrastructure projects
Conclusion
The importance of infrastructure project remains the core for sustained economic development. As shown from the Liberian context, infrastructure projects play a key role in the quality of life whether before, during and after conflicts. The benefits generate economic and social growth. The challenge is to make infrastructure assets meet the needs of the whole population, resolve gender issues, promote research and development, large-scale engineering, critical infrastructure, rural/urban balance and stakeholders expectation requirements management.
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References
Goodman, A. & Hastak, M (2006) Infrastructure planning handbook: planning, engineering, and economics. New York: ASCE Press. Howes, R. & Robinson, H. (2005). Infrastructure for the built environment: global procurement strategies. Burlington, MA: Butterworth-Heinemann HM Treasury, National Infrastructure Plan 2011(2011) The importance of Infrastructure for the northeast [Online] Available from:
http://www.hm-treasury.gov.uk/national_infrastructure_plan2011.htm Liberia Economy (2012) CIA WORLD FACTBOOK AND OTHER SOURCES [Online] Available from: http://www.theodora.com/wfbcurrent/liberia/liberia_economy.html Santander, C. & Sanchez-Silva, M. (2007) Design and maintenance programme optimization for large infrastructure systems, Structure and Infrastructure Engineering, 4 (4), pp. 297-309.