Monday, April 14, 2014

City Infrastructure

Infrastructure investments are seen as an essential tool to create conditions for economic growth and new jobs , especially given the excess capacity in the manufacturing industry . Investment in infrastructure - it is an ideal way of redistribution of resources and labor from stagnating sectors in the industry that can provide long-term economic growth. According to widely accepted estimates Mark Zandi - chief economist of Moody's Economy, public investment in infrastructure to stimulate private investment : every dollar spent on infrastructure projects , causing a ripple effect in the amount of $ 1.59 Moreover, the overall business benefits due to cost reduction - transport , communication , energy and water .

Unfortunately, the public debate about the infrastructure in world and abroad often concentrate only around investment in the development of passenger transport . However, to ensure long-term economic growth is necessary to find the optimal combination of infrastructure investments in various industries , including the production and social spheres , which is currently in World.

Worlds failure to modernize the rail and road network , inland waterways , ports , airports, etc. greatly reduces the efficiency of the national economy. According to some estimates , even in the U.S. direct and indirect economic losses due to higher logistics costs have increased from 8.6 % of GDP in 2003 to 10 % in 2008 [1] In world, they are significantly higher. At the same time, developing countries in Asia, especially China and India are investing heavily in the development of first-class transport and communication infrastructure .

Need to invest considerable capital in almost all sectors of infrastructure , ranging from universal high-speed broadband communication systems to transport and energy systems.

Grigoriy Sokolov


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