The infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanisation. However, the emergence of COVID-19 introduces an altogether new set of challenges. The full impact of the pandemic will take years to play out. Yet in the near term, we believe it will affect governments’ ability to finance large-scale projects. Most countries faced a gap between infrastructure needs and financial resources before the pandemic hit; that gap is now larger as a result of it. Successful infrastructure delivery demands close alignment and collaboration among a wide range of participants, each with its own agenda and interest. The result? No single player acting alone can effect real change in the sector.
This is the third article in a series outlining the overarching forces that will shape the future of the infrastructure industry. The first looked at the immediate impact of COVID-19. The second considered developments in financing. And the fourth and final piece will address the need for resilience and sustainability.