Dentons’ global transportation analysis highlights the trends impacting the future of transportation infrastructure
September 17, 2017
Dentons, the leading global law firm, today released a comprehensive study on global transportation projects in communities around the world (linked in attachment) to shed light on the broad variety of approaches to procuring, developing and upgrading transportation facilities.
Led by Transportation and Infrastructure global co-leader Philip R. White, Dentons partnered with the Global Leaders in Construction Management program established with Ibrahim Odeh and Columbia University’s Fu Foundation School of Engineering and Applied Sciences to conduct an in-depth analysis of the current landscape of the transportation industry, identifying the key components that will impact its future.
“The methods taken to deliver new and upgraded transportation facilities are known to be commonly impeded by political risk and financing,” said White. “Our analysis goes a step further and pinpoints trillions in transportation needs and the specific factors that will most heavily influence global spending over the next decade.”
With an expected growth of 200 percent in global spending projected over the next ten years, the report delves into the demand for transportation sub-systems in different regions and how political influences, the economic environment, socio-cultural factors, and technological advancements will either drive or hinder the ability to supply necessary transportation assets. Through the numerous case studies highlighted in the extensive analysis, Dentons has identified the common themes likely to effect the development of infrastructure in the forthcoming years, including:
• A growing global acceptance and appetite beyond Canada, Europe and Australia of the public private partnership structure to address transportation needs
• The Asia Pacific dominating the amount of growth due to a strong increase in its population.
• Roads and railways being the primary sub-system to receive funding, with the greatest dependency and improvements revolving around high-speed rail.
• New policies, specifically protectionism in the US and Brexit, will alter international trading routes.
• An influx of funding from the private sector.
• Technological innovations such as the Hyperloop becoming increasingly accessible.
• A shift towards renewable power and mass transit as a result of climate chang