A new report released by CG/LA Infrastructure has identified one hundred strategic projects and the industry trends needed to propel them to drive global economic growth in 2016.
CG/LA Infrastructure’s 2016 Strategic 100 Global Infrastructure Report highlights the need for a new development paradigm for global infrastructure, citing the current budget, decision-making, and project pipeline “gaps” as clear symptoms of a broken model. The report lays out a plan that highlights three critical areas of focus: new technology innovation as a driver of smart infrastructure, the recalibration of risk by bringing users into all areas of decision-making, and the revitalization of the public sector’s role as a non-partisan driver of long-term economic growth.
“There is a great, pent-up demand for infrastructure and a global recognition that our failure of imagination is prolonging poor economic performance around the world,” CG/LA Infrastructure President and CEO Norman Anderson said. “Our challenge as an industry is to advocate creatively, energetically, and effectively to double the world’s investment in priority infrastructure, driving growth and opportunity, and putting savings to long-term, productive use.”
The Strategic 100 by the Numbers. The 2016 Strategic 100 Global Infrastructure Report lists projects from 67 countries, recognized because of their potential contribution to job creation, economic growth, regional competitiveness, and innovative use of sustainable design. The top six countries, ranked in order of total project value, include: United Kingdom ($57.7 B); United States ($40.6 B); China ($39.5 B); Vietnam ($38 B); Japan ($37.5 B); and Indonesia ($31.2 B).
