Rock Products

APR 2019

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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4 • ROCK products • April 2019 I read an interesting study entitled, "Bridging Infrastructure Gaps: Has The World Made Progress?" put out by the McKinsey Global Institute. The report states that today, the world invests $9.5 trillion, or nearly 14 percent of global GDP in infrastructure and real estate. Ailing infra- structure assets, rising populations and the demands of economic development are driving countries' desire to channel more funding into transport, power and other systems that catalyze recovery and growth. Unfortunately that is not enough. About $3.7 trillion of investment in economic infrastructure alone is needed every year from now until 2035 to support economies – roads, railways, ports, airports, power, water and telecoms. There is also a $5.5 trillion spending gap globally between now and 2035, with regional variations. The gap is greatest in China, 8.3 percent of GDP. The United States is further down the list at 2.3 percent of GDP, but that is a significant amount. The report states that the United States has yet to match the level of investment that prevailed before the financial crisis. And there is significant room to improve the effectiveness and efficiency of how infrastructure investment is spent. Up to 38 percent of global infrastructure investment is not spent effec- tively because of bottlenecks, lack of innovation and market failures. Fact-based project selection, streamlined delivery and the optimization of operations and maintenance of existing infrastructure can close this gap, reducing spending by more than $1 trillion a year for the same amount of infrastructure delivered. Improving productivity in the construction sector alone could unleash an additional $1.6 trillion in value. Leaders of the Global Infrastructure Initiative community are engaged in a continuing conversation about searching for new financing streams for infrastructure and capital projects. The report concludes that although there has been strong recognition of the urgent need for investment for many years, being aware of the problem is not enough. There needs to be national and collective global efforts to channel abundant liquidity into much- needed infrastructure. Countries that fail to act today could be placing future growth, economic devel- opment and productivity on the line. Mark S. Kuhar, editor (330) 722 - 4081 Twitter: @editormarkkuhar SEMCO PUBLISHING CORPORATE OFFICE 8751 East Hampden Avenue, Suite B-1 Denver, Colorado 80231 U.S.A. P: +1.303.283.0640 F: +1.303.283.0641 PRESIDENT/PUBLISHER Peter Johnson, EDITOR Mark Kuhar, ASSOCIATE EDITOR Josephine Patterson, PRODUCTION MANAGER Dan Fitts, GRAPHIC DESIGNER Michael Florman, PROJECT MANAGER Tanna Holzer, CIRCULATION Juanita Walters, SALES U.S., CANADA SALES Kyle Nichol, Tel +1 330 819-3470 GERMANY SALES Gerd Strasmann, Tel +49 2191 93 1497 SCANDINAVIA, UNITED KINGDOM AND WESTERN EUROPE SALES Jeff Draycott, Tel +44 (0) 786 6922148 Colm Barry, Tel +46 (0) 736 334670 JAPAN SALES Masao Ishiguro, Tel +81 (3) 3719 0775 AUSTRALIA/ASIA SALES Lanita Idrus, Tel +61 3 9006 1742 Rock Products, Volume 122, Issue 4, (ISSN 0035 - 7464) is published monthly by Mining Media Inc., dba Semco Publishing, 10 Sedgwick Drive, Englewood, Colorado 80113. Periodicals postage paid at Englewood Colorado, and additional mailing offices. Canada Post Publications Mail Agreement No. 40845540. Canada return address: Station A, PO Box 54, Windsor ON N9A 6J5, Current and back issues and additional resources, including subscription request forms and an editorial calander, are available online at SUBSCRIPTION RATES: Free and controlled circulation to qualified subscribers. Non-qualified persons may subscribe at the following rates: USA and Canada, 1 year $72.00, 2 year $119.00, 3 year $161.00. For subscriber services or to order single copies, write to Rock Products, 8751 East Hampden Avenue, Suite B1, Denver, Colorado 80231 USA; call +1.303.283.0640 ext. 207 (USA) or visit ARCHIVES AND MICROFORM: This magazine is available for research and retrieval of selected archived articles from leading electronic databases and online search services, including Factiva, LexisNexis, and ProQuest. For microform availability, contact ProQuest at 800-521-0600 or +1.734-761-4700, or search the Serials in Microform listings at POSTMASTER: Send address changes to Rock Products, PO Box 828, Northbrook, IL 60065-0828. REPRINTS: Rock Products, 8751 East Hampden Avenue, Suite B1, Denver, CO 80231 USA; P: +1.303.283.0640 ext. 207, F: 1+303.283.0641, PHOTOCOPIES: Authorization to photocopy articles for internal corporate, personal, or instructional use may be obtained from the Copyright Clearance Center (CCC) at +1.978.750.8400. To obtain further information, visit COPYRIGHT 2019: Rock Products ALL RIGHTS RESERVED Official Media Partner Member of The Global Challenge at Home

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