Infrastructure

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The Infrastructure sector is consistently seeing more significant growth on a global scale than any other sector. It is forecast to grow at around 5-10% per annum in the UK alone. The Infrastructure sector is forecast to be one of the strongest drivers of new work output growth between now (2009) and 2013. This investment is being put into new builds, expansions and refurbishment projects across the Built Environment and Transportation sectors worldwide.

The Built Environment is focusing on targeting its investment into Regeneration Projects, Education, Healthcare and Defence, with a particular emphasis on PPP and PFI forms of contract.

There is a wealth of large transportation projects in the pipeline. In the UK, much of this work is aimed to be completed ready for the start of the Olympic Games in July 2012. This includes work on the Olympic Park, the East London Line Extension and the Docklands Light Railway (DLR) Extension. Crossrail and the Thames Tideway Projects are two other major projects seeking multi-billion pound investment. Over the past decade, the British government has delivered £150bn of investment in transport alone, with over £13bn invested in 2008-09.

Investment in the Infrastructure sector is one of the key drivers in keeping global economies moving through a recession, such as the one we are currently experiencing. It is a major area of political focus worldwide and is a reoccurring feature in political agendas and yearly budgets.

In the U.S, Obama has pledged to invest US$60bn into the American transportation infrastructure sector over the next ten years. The U.A.E has pledged trillions of dollars into Infrastructure investment and the Abu Dhabi government alone has pledged to spend US$1trn on infrastructure projects. Although some argue this figure may be slightly exaggerated, it certainly exemplifies the importance of Infrastructure on political agendas globally and the important impact it has on economies around the world today and in the future.

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