Two engineers seen through a large gear axleInfrastructure is a basic pillar of economic competitiveness. By some estimates, western nations will need to commit trillions of dollars in the next decade simply to modernize aging infrastructure. Developing countries must build new infrastructure to support economic growth and bring vast majorities of people out of poverty. But the difficult economic and fiscal environment limits infrastructure spending in critical areas including land transportation, water networks and energy grids.

 

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