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

Grande West receives orders for 9 Vicinity buses

Current total firm orders for 2017 and the first half of 2018 Vicinity deliveries are for 276 buses valued at over $74 million.

Gillig moves into upgraded HQ in Livermore, Calif.

The 127-year-old business, which operated out of Hayward for more than 80 years, will celebrate its grand opening on June 1.

Alexander Dennis begins Switzerland double-decker bus deliveries

The vehicles ordered for Eastern Switzerland are based on the company's Enviro500 standard model, but the company has adapted them to PostBus’s needs and Swiss regulations.

MCI delivers Commuter Coaches, J4500s to Texas, Canada

The first five Woodlands Township MCI Commuter Coaches were delivered in December of 2015, followed by 10 more coaches in March 2016, while Banff's Brewster Travel Canada has added 20 J4500s in 2016 and 2017.

ARBOC produces Spirit of Liberty buses for Fla. agency

Martin County intends to use these buses on their Commuter Service to Palm Beach County.

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 number 1 resource for vocational 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