While COVID-19 continues to hit the global economy, governments are looking to infrastructure as a way to create future employment and sustain the eventual economic recovery
While COVID-19 continues to hit the global economy, governments are looking to infrastructure as a way to create future employment and sustain the eventual economic recovery.
This includes the UK, where the government is promising to invest £100bn (€112bn) in new infrastructure by 2025, taking its public investment as a share of GDP from 2% up to 3%, in line with the OECD average. The UK’s National Infrastructure Strategy (NIS) plans for £640bn in capital investment across the economy by 2025. The government is expecting the new National Investment Bank (NIB) to be key in ‘crowding in’ private capital.
David Neal
This is easier said than done. Globally, private infrastructure investment has been declining for a decade. The G20-affiliated Global Infrastructure Hub calculates that annual private investment in primary infrastructure globally – greenfield projects or asset recycling – has dropped from $155bn (€128bn) a decade ago, to $106bn in 2019, with the greenfi