Sustainable Infrastructures: A New Infrastructure Investment Strategy

Sustainable Infrastructures: A New Infrastructure Investment Strategy

Amir Manzoor (Bahria University, Pakistan)
DOI: 10.4018/978-1-5225-2364-2.ch008

Abstract

Infrastructure investments can have long term consequences for the economy and environment of a country. Some notable public infrastructure projects include energy, transportation, water, and waste disposal systems. There are strong financial, environmental, and social change drivers that are forcing immediate changes. We need to rethink our infrastructure investments and develop sustainable, resilient, and affordable infrastructure systems for vital services of our society. These systems will be able to support the healthy and prosperous communities in future. The objective of this chapter is to review the current state of sustainable infrastructures and provide suggestions to policy makers responsible for infrastructure development how to develop sustainable infrastructures.
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Infrastructure Matters

Infrastructure choices matter for economic growth, poverty reduction, and environmental sustainability.

Infrastructure and Growth

Modern economies cannot function without infrastructure. However, more infrastructure may not necessarily cause more growth. The effect of infrastructure may also vary as changes in the economy influence firms’ ability to take advantage of it. Infrastructure can affect growth through many channels and is likely to affect the costs of investment adjustment, the durability of private capital, and both demand for and supply of health and education services (Agénor & Moreno-Dodson, 2006). Both infrastructure quantity and quality are significant influences on growth (Calderón & Servén, 2010), a doubling of infrastructure capital raises GDP by roughly 10 percent (Easterly & Servén, 2003).

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