For
nations across the globe, infrastructure has been considered a key element
driving the economy's growth while offering to the public the necessary built
utilities. The epitome of infrastructure existing in any country represents its
health and robustness. However, increasing concerns of climate change and
carbon emissions have forced world leaders to transform the way infrastructure
is advanced further. As quoted by the World Bank, about 70% of global carbon
emissions come from infrastructure construction and operations. Hence,
innovating the current infrastructure practices and efficiently modifying the
existing infrastructure is the need of the hour.
With
the foresight of the zero-emission target envisioned by many countries, the
development of green infrastructure and smart and sustainable cities has
emerged as emerging trends. Both private and public sector investments have
been encouraged to build resilient infrastructure. Innovative and less
carbon-emitting materials are being explored and utilized. Both existing and
new infrastructure is being technologically integrated with the help of
advanced Information and Communication Technology (ICT) and the Internet of Things
(IoT) to make the built environment smart and energy efficient.
Interestingly,
buildings today are not just brick and mortar. With people spending more of the
time indoors than outdoors, buildings being built today are expected to provide
a healthy environment while being responsive to the real-time requirements of
the end-users. The increasing reliance of people on technology is giving steady
traction to the 'smart and energy efficient building concept and hence is
changing the way the construction industry works.
Post
COVID-19, governments are strained with multiple challenges. From strengthening
the healthcare infrastructure to bringing the economies back on track, the
government funds are under massive pressure. It only adds up to the existing
challenges of expanding the infrastructure facilities for ascending population
along with generating employment opportunities. Therefore, private investments
and public-private partnerships are welcomed to assist the government in
creating infrastructure. With the hefty capital costs that such projects
involve, it becomes very important for all the stakeholders to carefully
analyze the risks and the challenges to make a wise and calculated decision.
Our
reports touch on in-depth aspects across the infrastructure sector to provide
our clients with strategic insights & recommendations. The existing
government policies and initiatives strongly back our sound analysis.