Global Transportation Overview
In 2016 the GLCM team worked closely with Dentons on an in-depth look at global transportation projects in communities around the world that sheds light on the broad variety of approaches to procuring, developing and upgrading transportation facilities.
With an expected growth of 200 percent in global spending projected over the next ten years, the report delves into the demand for transportation sub-systems in different regions and how political influences, the economic environment, socio-cultural factors, and technological advancements will either drive or hinder the ability to supply necessary transportation assets.
Political, Economic, Social, and Technological Factors
Through the numerous case studies highlighted in the extensive analysis, the team has identified the common themes likely to effect the development of infrastructure in the forthcoming years, including:
A growing global acceptance and appetite beyond Canada, Europe and Australia of the public private partnership structure to address transportation needs
The Asia Pacific dominating the amount of growth due to a strong increase in its population.
Cumulative transport infrastructure investment to 2025
Source: Oxford Economics, PWC
Roads and railways being the primary sub-system to receive funding, with the greatest dependency and improvements revolving around high-speed rail.
New policies, specifically protectionism in the US and Brexit, will alter international trading routes.
An influx of funding from the private sector.
Technological innovations such as the Hyperloop becoming increasingly accessible.
A shift towards renewable power and mass transit as a result of climate change.
Cost of global emissions (IPCC 2014)