Outlook for infrastructure: 2009 and beyond
Global economy awaits one trillion dollar project finance infrastructure boost but just 8% of investments are actionable in the short term.
- Over 90% of projects are years away from implementation;
- Europe set to reap earlier infrastructure boost than the US and;
- Financial and political logjams must be addressed to speed up projects.
From Obama to Brown, world leaders have called on the infrastructure industry to get the world economy motoring again, and while direct government intervention and the unblocking of some key projects will go some way to jump start the world’s economic system, the trillion dollar stimulus that project finance could contribute is in large part years away from entering the real economy. Less than 10% appears ‘shovel ready’ and in most cases the diggers will remain idle for some time yet.
Outlook for Infrastructure looks at the pipeline for infrastructure and energy projects and examines if they are able to come to the aide of the global economy.