Bus

Report: $2 trillion per year global infrastructure deficit

Posted on May 20, 2010

The World Economic Forum's Positive Infrastructure Report finds that the world faces a global infrastructure deficit of $2 trillion per year over the next 20 years. The report analyzes the four largest infrastructure markets — Brazil, China, India and the U.S. and studies how to best deploy public funds made available through global fiscal stimuli packages to advance the issue of infrastructure development.

The report also identifies the role of the public sector as vital in redressing this deficit. It was apparent from all the regions analyzed that infrastructure development was most successful where the public sector had a clear infrastructure development plan on how infrastructure investments would fit into the national economic development plan and where this infrastructure development plan was coordinated at the highest levels, according to the World Economic Forum.

The report highlights the Eleventh Five Year Plan for Energy development by the National Development and Reform Commission of the People's Republic of China as an example of one such plan which sets specific goals for the development of energy infrastructure in China.

The report delineates a critical difference between developed and developing countries. In developing countries the emphasis of the infrastructure development plan has to be on increasing the capacity of infrastructure systems, while in the developed world the emphasis has to be on optimizing existing infrastructure systems through the use of incentive mechanisms such as congestion pricing and through leveraging advanced technologies in systems management.

Additionally, the report finds that the most successful infrastructure projects exist where the private sector has been involved through the full lifecycle of a project in public-private partnerships (PPPs) where the private and public sector cooperate to augment the efficiency of the project. This finding provides a future vision of private sector involvement where PPPs become a vehicle to promote efficiency gains and not fill public sector capacity gaps.

To view the full report, click here.

View comments or post a comment on this story. (0 Comments)

More News

Google launches carpooling app using Waze

Will use Waze’s navigation system to identify which routes cars take most often, and try to pair drivers with people looking to travel to the same destinations.

200 more countdown clocks coming new N.Y. bus stops

So far, just five bus stops in Brooklyn, Manhattan and Staten Island provide arrival times, though smartphone-equipped riders can track their bus on transit apps and the MTA’s Bus Time feature.

Denver RTD unveils its Flatiron Flyer BRT vehicle

The Flatiron Flyer buses, which were supplied by MCI and can carry 57 passengers each, are specially branded with a unique blue-and-sunrise-orange paint scheme designed by RTD and a U.S. 36 corridor stakeholder group.

Safe Fleet acquires Hadley's bus, motorcoach mirror product lines

The Hadley mirror business will remain in Elkhart, Ind., but will relocate from the Hadley site to its own production facility over the next few months. The management, engineering, customer service, administrative and production personnel of the Hadley mirror business will remain with the business and transition to Safe Fleet.

BusCon returns to Indy

Each year, more and more people look forward to BusCon as a chance to network, learn about new trends and technology, and gain the tools that are necessary to revitalize the way they tackle their own operations.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close