Safety standards
"The CAR insurance coverage is foremost there to cover the very rare and unexpected extreme events that can't be mitigated," says Guy Taylor, Project Director, Civil Work Management at Metroselskabet. Risk assessments and day-to-day risk mitigation are managed by the internal risk management organisation, following contractual requirements to comply with international best practice and standards.
There are two codes of practice for risk management on tunnelling projects, one produced by the British Tunnelling Society (BTS) and one produced by the International Tunnelling Insurance Group (ITIG). “Both documents are very similar but we reference A Code of Practice for Risk Management of Tunnel Works (ITIG) in our contract,” says Russell Saltmarsh.
The objective of the code is to promote and secure best practice for the minimisation and management of risk associated with the design and construction of tunnels, caverns, shafts and associated underground structures, including the renovation of existing underground structures. It sets out practices for the identification of risks, their allocation between the parties to the contract and the contract insurers; and the management and control of risks through the use of risk assessments and risk registers.
Everyone is a risk owner
Each project team and contractor is a risk owner, and the management team at Metroselskabet will ensure that the key skills, sustainable working practice and risk management – as well as industry best practices – are promoted throughout the organisations. Internal risk management and risk registration are an inherent part through all stages of the project, from the Project Development Stage, through the Construction Stage to the final Operational Stage. The risk register and assessments are always carried forward to the next project stage.
The risk registers are required to identify and clarify ownership of risks and details, clearly and concisely, and how the risks are to be allocated, controlled, mitigated and managed. “It’s a highly complex job,” says Russell, “with multiple risks and owners that need to be addressed on a daily basis.” The project management of the new Cityringen will face many challenges during the construction phase, but given the extensive experience of the project team, there are well-developed risk management structures in place to tackle these challenges.
The main civil works construction phase is expected to be completed in the first half of 2017, followed by a testing phase, and when the new lines are taken into operation in 2019, they will be much welcomed by the citizens of Copenhagen. The average travelling speed of the trains through the city will be 40 km/h, including stops at stations. It is estimated that by 2025, 130 million passengers will be travelling on the Copenhagen Metro system annually.
Infrastructure development is critical to support social progress and economic growth. Currently, large building projects in energy, transport, water supply and telecommunications are taking place throughout the Nordic Region, and If P&C Insurance and the insurance industry as a whole support these enormous investments as risk consultants and risk carriers.