Global survey combines data and opinions from more than 500
industry decision-makers to identify today’s infrastructure challenges
and the opportunities ahead
-
Infrastructure will continue to play an important economic role, but
is undervalued outside the industry: 82 percent of global respondents
say that adequate investment in infrastructure projects is crucial to
national prosperity.
-
Industry professionals are highly engaged, but they are also
frustrated: 67 percent of respondents feel that the industry is not
evolving fast enough to meet society’s changing needs.
-
Infrastructure funding shortages are hampering progress: 39 percent
cite lack of public funding as one of the key reasons why civil
infrastructure is failing to keep pace with society’s needs.
Company Website:
http://www.aecom.com/
LOS ANGELES -- (Business Wire)
AECOM (NYSE:ACM), a premier, fully integrated global infrastructure
firm, released its inaugural global research report today, The Future
of Infrastructure, which harnesses survey data and opinions from
more than 500 industry decision-makers working in major organizations
across the North America, Europe and the Asia-Pacific regions. With
eight in 10 respondents agreeing this is a pivotal time for the
industry, the report examines the problems, priorities and potential in
delivering major infrastructure projects around the world. The Future
of Infrastructure report can be accessed at: infrastructure.aecom.com.
“Infrastructure networks and systems around the globe are under
considerable strain. Amid urbanization, climate change and the dizzying
pace of technological advances, just narrowing the gap that exists is no
longer a sufficient goal. What’s needed is a giant leap forward,” said
Michael S. Burke, AECOM’s chairman and chief executive officer. “Our
report makes clear that by focusing the smartest minds, training and
deploying more skilled workers, and leveraging new digital tools, we can
come together to deliver a better future through infrastructure. The
potential offered by high-quality infrastructure is transformative, and
getting it right is everyone’s business.”
As governments around the world face a time of unprecedented complexity
and transformation, The Future of Infrastructure report showcases
how infrastructure development is complicated by rapid urbanization,
demographic change and the maturing of our digital age. Specifically,
the report looks at the gap in funding and investment, the growing
necessity for resilient infrastructure, the evolving workforce needs and
how the sector must innovate at rapid speed.
Notable findings include:
-
Changes in legislation and innovative funding models are needed to
remove obstacles and allow the public sector to better access
private-sector financing. 90 percent of respondents believe innovative
funding models are effective at bridging the funding gap.
-
Future proofing and protection to guard against cyber and physical
attacks are essential for all existing networks and systems. 71
percent of respondents say a major cyberattack or citywide transport
disruption is probable in the near future.
-
As we enter the fourth industrial revolution, the world of
infrastructure needs to rethink project design and delivery. Connected
expertise is the key to a seamless approach. 71 percent believe that
many of the traditional, tried-and-tested approaches to project
management do not fit the demands of today’s large, complex programs.
“We know that safe, secure and resilient infrastructure is critical to
economic growth and social progress,” added Mr. Burke. “The industry
must embrace innovation and develop new ways to fund and deliver
projects faster, smarter and better.”
The Future of Infrastructure report was compiled in two ways.
First, AECOM conducted an online survey of 509 civil infrastructure
professionals from three regions: Asia-Pacific, Europe and North
America. Survey respondents work in a range of sectors related to civil
infrastructure and all work on projects exceeding US$100 million, with
nearly half (43 percent) working on projects exceeding US$500 million.
AECOM was not identified as the research sponsor. Second, AECOM
conducted qualitative interviews with a range of senior executives in
the civil infrastructure industry, where AECOM identified as the
research sponsor. Participants were not compensated for their time or
responses.
About AECOM
AECOM (NYSE:ACM) is built to deliver a better world. We design, build,
finance and operate infrastructure assets for governments, businesses
and organizations in more than 150 countries. As a fully integrated
firm, we connect knowledge and experience across our global network of
experts to help clients solve their most complex challenges. From
high-performance buildings and infrastructure, to resilient communities
and environments, to stable and secure nations, our work is
transformative, differentiated and vital. A Fortune 500 firm,
AECOM had revenue of approximately $18.2 billion during fiscal year
2017. See how we deliver what others can only imagine at aecom.com
and @AECOM.
Forward-Looking Statements: All statements in this press release
other than statements of historical fact are "forward-looking
statements" for purposes of federal and state securities laws, including
statements in the The Future of Infrastructure report about innovation,
infrastructure investment and public funding as well as other finding in
the report. Actual results could differ materially from those projected
or assumed in any of our forward-looking statements. Important factors
that could cause actual results to differ materially from our
forward-looking statements are set forth in our annual report on Form
10-K for the fiscal year ended September 30, 2017, and our other reports
filed with the U.S. Securities and Exchange Commission. AECOM does not
intend, and undertakes no obligation, to update any forward-looking
statements.
NR 18-0104
View source version on businesswire.com: http://www.businesswire.com/news/home/20180122005069/en/
Contacts:
Investors:
Will Gabrielski
Vice President, Investor
Relations
213-593-8208
William.Gabrielski@aecom.com
or
Media:
Brendan
Ranson-Walsh
Vice President, Global External Communications
213-996-2367
Brendan.Ranson-Walsh@aecom.com
Source: AECOM
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