Even though analysts estimate that $2 trillion will be spent annually on infrastructure globally between now and 2015, 77% of C-level executives surveyed for KPMG’s Bridging the Global Infrastructure Gap believe that is not enough.
The survey also found that senior executives believe infrastructure will be rising in importance over the next five years and that the availability and quality of infrastructure will directly affect where they locate and expand their business operations.
The top concerns of executives worldwide were roads and power supply, with 61% of U.S. respondents and 40% of Western European respondents identifying roads as an urgent need.
The majority of executives surveyed (80%) said that federal and local governments will need to work more with the private sector to finance infrastructure improvements.
Source: KPMG, Bridging the Global Infrastructure Gap, www.kpmg.com.