Risk Management Zuidas Amsterdam
The Zuidas (South axis) project must not become another North-South line disaster. Flexibility and risk assessment are key, and we are happy to have brought both to the project.
Regional development in the current market is complicated and requires flexible planning, both to minimise the risks and to change direction when needed. Amsterdam can’t afford another infrastructure trauma on the scale of the North-South line. The Amsterdam local authorities had a number of requirements it wanted us to meet: a second opinion on the business case and a risk analysis to ascertain the residual risks for the city of Amsterdam once a Zuidas limited company would be in place. We were also asked to optimise the project and make it more flexible.
Flexibility and risks
Because we have been involved in contracting and economic analyses on other projects, we have no difficulty spotting the problems that mega projects in Amsterdam and elsewhere are experiencing. We are convinced that it’s possible to avoid these pitfalls in future. But it will take some innovative, Rebellious thinking. All parties involved need to be clear on the need for flexible planning and risk management. We presented the Amsterdam local authorities with a comprehensive picture of the risks involved in the Zuidas project and its financial implications. The project route was turned into a much more gradual version that was less high-risk, realistic and future-proof.
We are satisfied with the way the project is progressing. We have found that the Zuidas project, and others like it, require a sustained effort. It will take many years before this project will be completed. But the ideas that we have developed for the Zuidas will stand us in good stead when it comes to future projects.