March 5, 2012 by Andrew Snook
The KPMG Global Construction Survey report for 2012 titled, The great global infrastructure opportunity, is now available online.
The 44-page report surveyed 161 engineering and construction companies with revenues ranging from US$250 million to more than US$5 billion.
A few of the key findings from the survey include:
– energy and transportation are most likely to be the focus of Public-Private Partnerships (P3s)
– 80 per cent of respondents think governments are showing a lack of leadership over infrastructure development
– 49 per cent of respondents expect their backlogs to increase from 5 to 15 per cent.
According to the survey, “lack of leadership by government” and “lack of private sector initiative” are the biggest barriers to infrastructure development in the construction industry.
The KPMG survey states that worldwide costs for infrastructure are expected to be approximately $70 trillion over the next 40 years.
To read the full report, visit: