2.5% of the worlds annual GDP is needed up until 2030 to meet the shortfall in spending on infrastructure. Road transport will require an estimated global investment of $220-290 billion a year from now until 2030 according to a new report about from the OECD, titled Infrastructure to 2030.
The report highlights a significant gap between the level of infrastructure required and the public sectors ability to finance the identified need. Alternatives such as private financing as well as making better use of tools to manage demand is also recommended.
This report provides yet another stark warning about the dangers of neglecting the worlds infrastructure. The lack of financing and development of transport infrastructure, particularly roads, is not simply a UK phenomenom, but there is no reason why the UK should not lead the way in putting right the wrongs of the past.