SELF-SERVICE INFRASTRUCTURE GRANTS
There can be a disconnect between the government and its people insofar as constructing needed infrastructure projects: the conventional political process is often just too burdensome to get the necessary infrastructure built.
Relex’s pilot infrastructure grant initiative brings government at all levels onboard with the public while we mediate the gaps. Relex will provide the supporting technology to bridge the trust gap that affects hundreds of thousands of institutions across the world. We intend to use the United States to demonstrate proof of concept and the need of an intermediary in the realm of infrastructure development.
The taxpayer-to-government interface in the United States (as well as in other countries) has been damaged over the course of decades. Many people and private business corporations are willing to go as far as "trust but verify," but there are limits. Indeed, this attitude needs technical support to make it work well.
The challenge is that few have time to verify, so the attitude turns into a continual push for lower and lower taxes as trust ebbs, even as infrastructure and other critical services deteriorate. The conditions that plague many United States cities is indicative of these diminishing conditions. Relex’s infrastructure grants provide a blended approach that increases accountability, allows for real verification, and guards against fund diversion at every step. The local people residing in any jurisdiction decide whether an infrastructure project needs funding and which ones get precedence.
In turn, governments then can react by choosing the work to be done, who will do it, and when and how it will be done. Their ability to be responsive to the actual desires of their constituents will be improved, improving the relationship between representative and constituents.
To initiate, Relex signs a Memorandum of Understanding (MoU) with the respective government to establish the rules of the road. The government prioritizes and shares an outline for infrastructure development projects, complete with a price and time for expected completion in advance.
Relex creates a fundraising site, holds monies in escrow until sufficient funding is available to do the work. At that point. the government requests a grant conditional to promises to return the funds if the money is diverted or disappeared and an understanding that nonperformance stops further awards.
The government cooperates with Relex to disseminate information regarding the infrastructure project out on all communications channels: options include but are not limited to community newsletters or posters (with QR code links) that describe the project placed in proximity of the infrastructure project in question. Periodically, the government gets a status report. It also has the right to request partially funded grants if they want to speed things along with other funding.
Oversubscribed grants have their surplus held to create an endowment for the next round of maintenance of that piece of infrastructure. Grant administration costs (like those QR code signs, licenses, and personnel salary) undertaken by Relex are charged against donations and any interest the funds are generating.
Data included in the grants will be used to partially/fully fill out applications to matching grants if and when they exist. Relex will assist governments in applying for these matches.
PUBLIC-PRIVATE INFRASTRUCTURE PARTNERSHIP
Many infrastructure problems are small enough that the donation and endowment approach described above will suffice. However, for the rest of the infrastructure development universe, Relex is pursuing an innovative way of undertaking public-private infrastructure partnerships.
Relex will create a Global Information System (GIS) enabled data warehouse of infrastructure investment opportunities on-and-around government defined transport corridors. Relex will leverage existing data holders managing and operating in defined transport corridor zones to assemble this repository of opportunities.
The aptly named “International Transport Corridor Databank” or “Global Corridors Databank” will allow investment strategies that were heretofore impractical. Do you want to keep an eye on your personal or institutional investments? GIS allows you to locate yourself on the map and get listings within a defined radius, so you can regularly visit sites and compare reports with what is happening on the ground.
The data warehouse, supported by Relex, will collect open source official government data feeds as well as private data feeds to provide the richest data environment for investors. Blockchain cost savings will facilitate transactions and increase the number of opportunities that can be successfully brought to completion.
Relex anticipates open sourcing the data feeds where possible because Relex anticipates that open government data is the future and that we all gain by embracing that future instead of imposing barriers that cannot be long maintained in an ethical manner.
Relex’s durable competitive advantage will be in managing the kaleidoscope of legal requirements, cultural differences, and business environments to create the broadest and easiest way to invest in the infrastructure space.