Quality InfrastructureGlobal infrastructure demand is estimated at approximately $3.7 trillion annually, with the majority of that demand being generated in developing countries. Asia alone will require more than $700 billion annually to support its growing infrastructure needs through 2020. As developing countries continue to experience population growth, rapid urbanization, and economic and industrial expansion, the need for effective and high-value infrastructure will remain acute.
In the context of this gap, and the global efforts to achieve the newly agreed upon Sustainable Development Goals (SDGs), there is a clear window of opportunity to bring a new approach to infrastructure that focuses on delivering the best long-term value for each infrastructure investment. Japan, in particular, has taken the lead on this issue with its focus on “quality infrastructure,” a concept that has begun to attract broad global support.
One way or another, developing countries will take action to build the infrastructure they require, and the choices they make today will have lasting economic, social, and environmental impact. If a bridge collapses, a power plant falls short of its planned output, or a water sanitation facility fails to deliver clean drinking water, the impacts can be severe. A global consensus on quality infrastructure and a roadmap forward to achieve quality infrastructure are required. Read more here, and find additional reports on infrastructure below.