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

Port Authority to realign gates at NYC bus terminal

The changes are aimed at improving bus operations and reducing congestion in the terminal that can stretch back out into the inbound Lincoln Tunnel and beyond.

Mich. BRT plan on track, set for possible 2018 launch

The 8.3-mile route, with a proposed 27 stops, would replace the Capital Area Transportation Authority’s current Route 1 from downtown Lansing to the Meridian Mall. Results from the plan’s environmental assessment study are expected to be shared at a public hearing this fall.

Kiel Seats part of largest refurbished electric fleet in North America

Left on purpose without upholstery option, each double seat weighs only 45 lbs. yet provides an optimum of comfort for riders through its ergonomically formed design. The slim contour of the seat’s back offers a maximum of legroom for passengers and enhanced accessibility getting in and out of the seat.

NJ TRANSIT to add 772 MCI Commuter Coaches

The latest equipment purchase in a 33-year relationship, the $395 million order for clean diesel, cruiser-style coaches will offer NJ TRANSIT riders three-point seatbelts and comfortable forward-facing seating for 57 passengers.

 

Calif.'s OCTA to add 218 New Flyer CNGs

The agency has a growing fleet of environmentally friendly New Flyer CNG buses and with these awards will increase their active New Flyer fleet to 556 vehicles.

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