Global Infrastructure Market Over One Trillion and Growing

Reports filed by Canada’s international Trade Commissioners indicate that worldwide spending on new infrastructure projects will exceed one trillion Canadian dollars over the next three to five years. The commissioners examined new government spending plans in their jurisdictions and their reports are compiled on the website of Foreign Affairs and International Trade Canada.

The massive spending comes as governments around the globe seek to stimulate economies suffering from the current global recession. Some of the numbers are staggering:

China-$480 billion over 5 years.
Mexico-$240 billion over 3 to 5 years.
United States-$216 billion over 2 years.

“These figures simply underline how massive the opportunity is for companies with innovative technologies in the infrastructure sector,” said Communities of Tomorrow President John Lee. “That is why it is so important to develop and commercialize those technologies in Saskatchewan, and then export them to the rest of the world.”

In Canada alone, the current infrastructure deficit is estimated at $125 billion, and we are also seeing all levels of government budgeting massive spending in this sector as part of their economic stimulus activity.

“Capturing a very small percentage of these markets will result in huge revenues for innovative companies that have new products and processes to make infrastructure less costly, longer lasting, and cheaper to maintain,” said John Lee.  “Those are exactly the kinds of ideas we are seeking to work with among our partners.”

The global market for new infrastructure is expected to grow as more countries add new projects to their plans and the normal effect of inflation is felt in the current projects.

“If we embrace innovation in this field and get busy proving out our new ideas, we can lead the world in tapping this market,” said John Lee.