Trends in Infrastructure Industry

B Rajesh Kumar
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B Rajesh Kumar: Institute of Management Technology

Chapter 1 in Project Finance, 2022, pp 1-29 from Springer

Abstract: Abstract Modern Infrastructure is critical to economic development which affects the quality of life. Right information, policy leadership and supportive financing environments are determinants for infrastructure to improve economic growth and community wellbeing. The global infrastructure study report by Oxford Economics estimate that global infrastructure investment requirement will amount to $94 trillion during the period 2016–2040. To achieve this target, nations have to increase the proportion of GDP to infrastructure funding to 3.5% compared to 3%. Global infrastructure spending had been around 3% of the world GDP over the last decade. According to World Economic Forum, worldwide investment in infrastructure is expected to be US$79 trillion by 2040. Infrastructure planners must adapt to the new changes in the context that technology is undergoing rapid and fundamental innovative changes. Similar drastic changes are also witnessed with respect to social norms, demographic trends and environmental factors. The financial sector plays a vital role in infrastructure investment.

Date: 2022
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DOI: 10.1007/978-3-030-96725-3_1

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