Private Investment in North American Roads Rising
KPMG has issued a useful summary and outlook for road infrastructure projects in the US, Canada and Mexico through 2013. All three countries have ambitious infrastructure stimulus plans in the works.
In the US, California, Florida, and Texas lead the states in terms of combined public and private investment in road infrastructure and are projected to maintain their dominance through the medium run.
Among other aspects, the report looks at the growing involvement of private investment:
- Virginia, Texas, and Florida have been the dominant players when it comes to utilizing private investment to fund new capacity.
- The City of Chicago and the State of Indiana have led the way in terms of private sector investment in operation and maintenance of existing assets.
- In the lead up to 2013, states like California, New York, Georgia, Nevada, and Michigan are looking very seriously at joining the list of states using private investment for road infrastructure.
A strong appetite for alternative funding and development models such as public-private partnerships is also found in Canada. Several road and transit-related projects have been developed as PPPs, with more envisioned for the future.
Road expenditure in Mexico is predicted to shrink by an average of 8.6 percent per annum between 2009 and 2013, despite a “National Infrastructure Program” launched in 2007 that is expected to result in billions of U.S. dollars in additional investment across the country.
Global infrastructure trend monitor: North American roads edition — Outlook 2009–2013.
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