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World needs $94 trillion spent on infrastructure by 2040: Report

To close the spending gap, annual infrastructure spending needs to rise 3.5% from 3% of global GDP

Reuters  |  London 

Nearly a fifth of the $94 trillion in global infrastructure investment needed by 2040 risks being unfunded if current spending trends continue, the G20-backed Global Infrastructure Hub (GIH) said on Tuesday. To close the spending gap, annual infrastructure spending needs to rise to 3.5% from 3% of the global gross domestic product, the GIH said in a report. The report details how much each country needs to spend on infrastructure to 2040, which sectors need it the most and how they far they are from meeting these needs based on current spending trends. "We believe this ...

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First Published: Tue, July 25 2017. 17:15 IST
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