X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

States, regions and cities across the US continue to seek innovative approaches and solutions to large-scale capital projects, the result of constrained public budgets and a growing recognition at the local level of the importance of infrastructure. As stated in Infrastructure 2012: Spotlight on Leadership by the Urban Land Institute and Ernst & Young LLP, “Global economic competitiveness demands new kinds of regional entrepreneurship.”

The US continues to lag behind its global competitors in infrastructure funding, but there has also been a marked spending decline in Europe, which has been reeling from the debt crisis and is adopting austerity measures as a result of the crisis. In the United Kingdom, private finance approaches are under fire at the same time that fiscal austerity is forcing the country to rethink infrastructure priorities. Throughout Europe, depleted treasuries make new infrastructure projects look like an unaffordable luxury.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.