Report: Speed up economy three decades by investing in mega-event related infrastructure
Qatar expects to spend $70 billion on infrastructure upgrades in anticipation of World Cup 2022.
In Spain, Barcelona used the 1992 Olympics as a catalyst to speed up previously established goals for urban regeneration. Barcelona spent six times as much on infrastructure (both Games infrastructure and supporting infrastructure) as it did on organizing the event itself. The city experienced a metamorphosis within five years that would otherwise have taken three decades.
According to the Organization for Economic Cooperation and Development (OECD), global demand for infrastructure will continue to expand significantly in the decades ahead, driven by global economic growth, technological progress, climate change, urbanization, and growing congestion.
“Investing in infrastructure offers a multitude of economic and social benefits to the region itself. It also offers a wealth of opportunity to international investors seeking new markets,” stated Pate.
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Former gravel quarry-turned-landfill transforms into nature reserve522 Views
- North Carolina grants Martin Marietta water quality certification for limestone quarry259 Views
- Vulcan-blocking bill dies in Alabama legislature251 Views
- Road restrictions may stop quarry construction in Kentucky221 Views
- Two suspects charged with arson in Jack’s Mountain Quarry case in Virginia128 Views