Governments have remained under pressure this year, facing financial uncertainty and mounting demands for infrastructure renewal and expansion. Many are also still trying to reconcile the need for long-term planning against short-term electoral priorities. One outcome of this struggle has been the beginning of the transfer of cost from taxpayer to consumer, forcing consumers to come to terms with the need to pay for the infrastructure they use.
The past year also showed that the sector is starting to evolve. For one, infrastructure planners are starting to take a more holistic view of the value of their assets in order to understand the productive potential of their projects and understand the full benefits of their investment. At the same time, technology is allowing owners to manage their assets differently and operators to gain significant efficiencies from their existing assets, better long-term performance, longer lifespan and less downtime.
We hope that these insights provide a new perspective on key trends and opportunities facing the sector in 2013 and beyond.