Across the world, governments are increasingly acknowledging the need to raise the levels of investment in infrastructure projects within their respective countries. Population growth, urbanisation and natural depletion are some of the main factors underpinning the urgency to spend more on airports, roads, hospitals, water provision and several other forms of infrastructure that provide the foundations for long-term economic growth. While some countries in the developed world are in dire need of revamping their ageing infrastructure systems, the developing world also requires a comprehensive expansion of its infrastructure capacity. Consultancy firm McKinsey, for instance, predicts that between 2012 and 2030, $57 trillion will need to be spent globally on infrastructure in order to maintain economic growth at current rates, while PricewaterhouseCoopers forecasts that an annual infrastructure investment hike to $9 trillion by 2025 from current levels of $4 trillion will be required.
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