The coming infrastructure boom
As governments accelerate infrastructure spending plans amid the pandemic, opportunities for investment abound.
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MOST of us take our public amenities for granted - from clean tap water, high-functioning electricity and Internet connections, to roads and bridges. These amenities - economists call them infrastructure - are critical for the economic and social development of the world.
Yet, the Covid-19 pandemic has thrown a spotlight on how deficient the world is in our infrastructure development. One estimate by the Global Infrastructure Hub (a G-20 forum initiative) forecasts a cumulative investment gap of US$15 trillion by 2040 across telecommunications, transport, energy and water sectors.
This is partly because of the historical tendency of governments and businesses to
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