Many governments around the world tout their infrastructure credentials, promoting their plans to increase spending on the sector and escalate the contribution from private investors.

Aerial view of Sydney airport

The degree of success of these plans, however, is mixed. For instance, Europe has seen investment in the sector stagnate in recent years despite an extensive need for new and updated infrastructure (The Infrastructure Footrace: Why is Europe Stuck in Neutral?). And infrastructure investment in the US, even with a huge backlog of crumbling roads, bridges, and other assets, along with a current administration that has made the sector a priority, is going backward (The Infrastructure Footrace: Why is the US Stuck in Reverse?).

Yet Australia continues to power way ahead. As can be seen in the chart, the value…

David Cook

Director, Global Infrastructure Ratings at Fitch Ratings

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