CG/LA Infrastructure LLC has announced the results of its latest “Global Infrastructure 2030 Report,” in advance of the upcoming North America Strategic Infrastructure Leadership Forum, to be held Sept. 22-24, in Washington, D.C.
“We are at an inflection point,” according to Norman F. Anderson, president and CEO of CG/LA. “At current investment levels, the U.S. infrastructure market will decline to less than 10% of the world market by 2030; however our model shows that with the creation of a National Infrastructure Bank--an agency that has received initial funding in the Obama administration’s budget--the U.S. will increase spending on infrastructure from the current anemic 1.3% of GDP level to a ‘competitiveness’ level of 3%, leaving us with more than 20% of the global market share in 2030. The effects a National Infrastructure Bank would have on our economy are truly extraordinary, steadily increasing infrastructure investment from today’s level of roughly $160 billion to a level of $690 billion per year (in 2005 dollars) by 2030.”
Other key findings of the report include:
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Global infrastructure demand in 2030 will exceed $3 trillion/year (up from $1.2 trillion in 2010);
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China’s share of global infrastructure spending will exceed 28% of the total, with the expanded European Union making up 20.7% (the U.S. share, at current levels, will fall to 11%--or, with a National Infrastructure Bank, reach as high as 21.6%); and
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By 2015, global demand will be greatest in highways and bridges ($472.9 billion), but growth will be greatest in electricity transmission, the “Smart Grid” complex ($276.1 billion) and urban mass transit ($137.3 billion).
The North America Strategic Infrastructure Leadership Forum will present the top 100 North American strategic infrastructure projects, with an overall value of nearly $500 billion. The forum features the most important projects for increasing U.S. competitiveness and generating jobs; projects are presented by their developers, across 10 infrastructure sectors: smart grid; highways/bridges; urban mass transit; high speed rail; water/wastewater; airports; energy generation; renewable energy; ports & logistics; and strategic projects. The five high-speed passenger rail projects ($129.4 billion) are by far the largest investment category on our updated list.
The 2009 “Global Infrastructure 2030 Report” focuses on presenting the results of CG/LA’s proprietary project-focused analytical model in a relevant, easy-to-use format for both private executives and public officials. We assess infrastructure spending on a bottom-up basis across 60 countries and 10 infrastructure sectors. Please contact [email protected] for a prospectus.
