The past twenty months have seen unprecedented change, given the COVID 19 pandemic, economic shutdowns, work-from-home, increased social awareness, and a continued focus on sustainability. The pandemic and recent climate events have underscored the importance of infrastructure, highlighted the inadequacy of certain pockets of existing infrastructure trends, most notably a focus on renewables and energy transition, as well as the continued digitization of economies.
As public leaders consider how to move forward in building a more equitable and sustainable society, many governments have announced significant public infrastructure initiatives that span both traditional assets like transportation and water, to digital infrastructure and renewable energy. We believe, however, that the investment necessary to address the combination of aging public infrastructure and the new infrastructure requirements that are needed to support tomorrow’s economy eclipse even the amounts budgeted by fiscal spending.
