FMI North American Megaprojects 2019
FMI’s latest North American megaproject market forecast, including a comprehensive overview of historical and planned activity shown by construction segment and geographic region. Megaprojects are widely defined as large-scale, complex ventures that typically cost $1 billion or more and may take years to develop and build, involve multiple public and private stakeholders, are transformational and impact millions of people (Flyvbjerg, 2014).
The world need to spend an estimated $57 trillion on infrastructure by 2030 to enable the anticipated levels of GDP growth.Two-thirds of spending will be required in developing countries to support rising middle classes, population growth, urbanization and increased economic growth.
Megaprojects are economically transformative. The world needs megaprojects to deliver economic growth and, theoretically, they pay for themselves. Getting them right, or at least making improvements, is win-win. Other lasting benefits span innovation and technological advancements, co-leveraging resources across various public and private organizations, sustainability and ultimately inspiration toward future achievements.
