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Australia is a global leader in applying innovative ways to plan, finance and deliver infrastructure, but it will need to change how it does it in order to meet the challenges posed by a growing population, according to a new report by consultancy McKinsey & Company. “Today, the country faces new challenges as population growth, urbanisation, and technology disruptions create the need for a step-change in infrastructure prioritisation, design, and productivity,” it says. Although it already invests an enormous amount in public works, the country will have to reconsider how it does it. The shortfall between current infrastructure investment levels and the future needs of a larger population is expected to be 1% of gross domestic product. “In the face of such emerging disruptions, one thing is clear: the strengths that have propelled Australia to a leadership position in infrastructure planning, design, and delivery will not be sufficient to underpin future success”.

    
GLOBAL ECONOMY AND SUSTAINABILITY  13/11/2019
 
AUSTRALIA’S DEVELOPMENT NEEDS MORE INNOVATION TO MEET CHALLENGES
 

A new McKinsey & Company study says Australia must find new innovative ways to plan, finance and deliver infrastructure

 

    
INSIDE INFRASTRUCTURE  13/11/2019
 
NEW YORK: AIRPORT INVESTMENTS TAKE OFF
 

The Port Authority has approved $4.5 billion in spending for new AirTrain rail links that will connect New York City with the area’s most important airports

 


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