Actualités

Juin 2024
Institute for Transportation & Development Policy - ITDP - (41 pages).

Recent years have emphasized the inadequacy of many cities’ transportation paradigms. The status quo of car-oriented development has been worsening inequality, access, and environmental conditions, as well as increasing road crashes, fatalities, and injuries. This has been exacerbated by the COVID-19 pandemic and the climate emergency. Such crises,
however, have made the importance of public transport clearer than ever. From ensuring equity and shared economic prosperity to building resilience and lowering carbon emissions, good public transport can radically transform our cities and our future for the better.
In response to these crises, we needed to consider and articulate what the future of public transport should look like and how we can shape it. Over the past year, we have been doing just that. Institute for Transportation and Development Policy (ITDP) and the Volvo Research and Educational Foundations (VREF) convened a Mobilize Learning Lab that gathered transport researchers and practitioners from around the world to discuss the future of public transport, around themes of equity, resilience, and financial sustainability.

Avril 2024
This report was prepared by a group of Multilateral Development Banks (MDBs) and Development Finance Institutions composed of the African Development Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, Corporación Andina de Fomento, the European Development Finance Institutions, the European Bank for Reconstruction and Development, the European Investment Bank, the Inter-American Development Bank, the International Finance Corporation, the Islamic Development Bank, the Multilateral Investment Guarantee Agency and the World Bank (64 pages).

In 2022, total private mobilization for infrastructure (including power, water, transportation, telecommunications, information technology, and social infrastructure such as schools and hospitals) in LICs and MICs was $33.5 billion, or 47 percent of all MIC/LIC private mobilization. This total infrastructure mobilization was an 84 percent increase compared to 2021, when $18.2 billion was mobilized. PDM for infrastructure amounted to $7.6 billion or 23 percent of MIC/LIC mobilization for infrastructure in 2022. In 2021 PDM of $7.7 billion was slightly higher than in 2022, and was a significantly higher portion of the total at 42 percent. Note that a “pandemic backlog” of larger projects with longer phases likely drove both the large increase in infrastructure finance from 2021 to 2022 and the smaller share of PDM; larger and longer projects on average have more PIM as future financing needs are harder to predict.

Avril 2024
World Economic Forum (34 pages).

As cities grow in population and importance, urban construction will continue to gather pace. It is estimated that global floor area is expected to double by 2060, the equivalent of adding New York City every month for the next 40 years. This white paper highlights case studies and nine innovative solutions that provide models for cities seeking to meet sustainable development goals.

Avril 2024
Banque Européenne d'Investissement, European PPP Expertise Centre - EPEC- (20 pages).

38 public-private partnership transactions reached financial close for an aggregate value of €13.6 billion in 2023. In value terms, the market increased by 35% compared to 2022. In number terms, the market decreased by 17% compared to 2022.
The most active market was Germany, by value and number of projects. 13 countries closed at least one public-private partnership project, compared to 15 in 2022.
Transport was the largest sector both in value and number terms.
Over 53% of the transactions closed were government-pay public-private partnerships.

Février 2024
Global Infrastructure Hub (110 pages).

This report includes two supplemental sections published in February 2024 (Environmental, social, and governance (ESG) factors in infrastructure; Blended finance in infrastructure), following the publication of the original three sections of the Infrastructure Monitor 2023 report.

In 2022, after eight years of stagnation, private investment in infrastructure experienced a significant resurgence. Primary markets saw a substantial increase in transactions and overall value, marking a 29% rise in transactions and a 41% increase in value compared to the five-year average (2017–2021).
This significant increase was the result of a post-COVID-19 recovery back to 2015–2019 levels (as a % of GDP), stronger growth in energy transmission and digital infrastructure, and a set of large airport transactions that pushed the level above their pre-pandemic averages. Renewables, especially solar energy, remained strong, with a clear shift toward cleaner energy across income groups. The secondary market also performed strongly due to growth in acquisitions. However, a single year of data is insufficient evidence to indicate a lasting shift in the trend.
It should be noted that – compared with previous years’ reports – the analyses draw on a bespoke new dataset developed in partnership with Realfin which has a more comprehensive coverage of transactions, particularly in developing markets. This new dataset almost doubles the value and number of transactions from previous GI Hub Infrastructure Monitor reports. Other datasets accessible to the GI Hub also show strong – albeit lower – growth.

Janvier 2024
KPMG (28 pages).

KPMG’s 2024 Emerging Trends in Infrastructure highlights ten trends that will shape the world of infrastructure in the next year.
All at one time, we want to change our energy mix, our climate, our economies, our global trade patterns, our cities, our technology and our social equity. And we plan to do it all against a backdrop of a non-stationary environment, divisive geopolitical rhetoric and deep economic uncertainty. It is a mammoth task.
Humanity’s success or failure will largely rest on the shoulders of our infrastructure. Infrastructure will be central to the energy transition and achieving our climate adaptation goals. It catalyzes economic growth and facilitates trade. It underpins urban renewal, lays the foundations for digital transformation and – done well – can help embed social equity.
Delivering on the promise of infrastructure will require greater collaboration, new funding mechanisms, innovative regulatory regimes, new construction techniques, broader skill sets and – more than anything – a high degree of flexibility and creativity. Enabling the world’s transitions, therefore, must start with a transition in the infrastructure sector.

Octobre 2023
Société Financière Internationale - SFI- (148 pages).

Construction value chains, including the construction and operation of buildings as well as production of materials such as steel and cement, account for approximately 40 percent of energy and industrial-related CO2 emissions globally. Two-thirds of this can be attributed to emerging markets, and this contribution will grow substantially as growing populations, urbanization, and rising incomes drive demand for better housing and commercial buildings.
How developing countries meet their rising building needs will be pivotal to the world’s climate future. The good news is that the projected emissions growth in construction value chains can be reduced significantly with the application of existing technologies, new financing instruments, and the implementation of appropriate policies. Even as emerging economies meet the rising demand for residential and commercial buildings, it is possible to reduce total emissions from the sector below today’s level by 2035. To avoid perpetuating the status quo, decisive action is needed by policymakers, developers, construction material producers, financiers, and international development institutions.
IFC is launching this report to guide international efforts to decarbonize construction value chains. Building Green: Sustainable Construction in Emerging Markets was prepared through close collaboration between IFC economists, investment officers, and building and construction sector specialists. The report provides a comprehensive analysis of the challenges of reducing carbon emissions from construction value chains in developing countries, but also the considerable opportunities that will come from mobilizing the estimated $1.5 trillion of investment required for this transition.

Août 2023
Agence Internationale de l'Energie (88 pages).

This report assesses the impact of the road transport sector on energy demand, CO2 emissions and air pollution in several selected major emerging economies over the coming decades under several IEA modelling scenarios. Most notably the Announced Pledges Scenario (APS) aims to show to what extent announced ambitions and targets, including the most recent ones, are on the path to deliver emissions reductions required to achieve net zero emissions by 2050.
Bringing about a road transport decarbonisation pathway in line with the APS in the selected major emerging economies - Brazil, People’s Republic of China, India, Indonesia, Mexico and South Africa - will require significant enhancement of existing policies and the introduction of new innovative policies and measures in each of selected countries. Our report sets out six policy areas critical to the achievement of the road transport transitions and a series of recommendations for strengthening financing for the sector.
Importantly, the report provides detailed reference to a wide range of policy measures and good practice already in place in many major emerging economies elsewhere to facilitate knowledge sharing among countries. It also places a special emphasis on the road transport sectors of India and Indonesia. These countries are IEA partners in their respective regions and benefit from an enhanced programme of work.

Juillet 2023
Deloitte (52 pages).

Looking at the prospects of the industry today, construction is expected to record sluggish growth in 2023, mainly due to the weak economic situation and negative conditions represented by increased construction material costs and significant labor shortages. However, with improvements in economic stability, certain areas such as investment in the infrastructure and energy and utilities sectors could be major drivers of overall construction output growth.
The total revenue obtained by the GPoC in 2022 amounted to US$ 1,940 trillion, 6.3% higher than in 2021. From the geographical distribution point of view, 54% of revenue originates from companies based in China, with the remaining revenue coming from Europe (particularly France and Spain), Japan, the United States and South Korea; these companies account for 20%, 10%, 8% and 4% of total sales, respectively. These percentages remain fairly consistent with sales achieved in the prior year. Due to the negative evolution of the exchange rate against the US dollar (USD) of the currencies of the main geographical areas indicated, the increase in sales in local currency was greater, with an overall rise of 20.9% with respect to the 2021 sales figure.

Juillet 2023
InfraPPP & WAPPP (20 pages).

The economic and geopolitical situation described above has affected the number of PPP deals, whichdecreased from 265 updated PPP deals in Q1 of 2023 to 231 in Q2 of 2023. An encouraging trend is observedin the tender stage of projects, as there has been only a slight decrease in the number of projects.Comparing the first quarter of 2023 to the current quarter, we count 60 projects tendered, only slightlybelow the 58 of Q1. However, the number of projects awarded has experienced a decline, dropping from 70to 55 in the current quarter. Similarly, projects in the planning phase have seen a significant reduction,decreasing from 50 to 23 in the second quarter of 2023. Finally, the number of projects signed, projects inconstruction, and projects in operation has remained relatively stable, showing minimal fluctuations.

Juillet 2023
Banque Asiatique de Développement (239 pages).

Quality infrastructure can give economies in developing Asia a critical boost by enhancing growth and reducing poverty, especially during times of economic crisis. However, the increasing demand for public funds for health, education, and social welfare programs diminishes their availability for infrastructure. Policy makers must therefore consider novel financing solutions to attract private investment essential for meeting the region’s expanding infrastructure needs.
Harnessing the positive spillover effects of successful infrastructure projects on economies is an approach that can do just that. Its potential to support financing breakthroughs depends on factors, such as the quality of construction, operations, and maintenance of physical and digital infrastructure, interconnectivity, population density, income levels, and financing access.
Infrastructure Spillover Impacts in Developing Asia explores the role of information and communication technology, transport, and water infrastructure development in driving trade, business performance, and tax revenues in the region. The book describes how these dynamics can promote private sector investment in infrastructure projects by creating a steady stream of income for prospective investors, offering valuable insights for policy makers, investors, and practitioners.

Juin 2023
Turner & Townsend.

Global construction markets are mirroring a turbulent economy, with elevated costs casting a shadow over the sectors outlook, exacerbated by long-term challenges over the availability of skilled resource. However, there remain pockets of strong opportunity, especially in the context of resilient infrastructure, public policy stimulus and new markets that are opening up.
High inflation continues to affect most economies, which has prompted the tightening of monetary policy through interest rate hikes. Rising borrowing costs and ongoing challenges with labour and material availability are just some other factors adding to immensely challenging construction market conditions.
This comes at a time when the outlook for future demand is becoming increasingly uncertain. Many investors are revaluating whether to green-light projects now or delay.
This is being reflected in softening in private sector demand in a number of sectors, but with strong appetite still seen in high-growth industries associated with environmental and societal transition, including data centres, advanced manufacturing facilities and corporate office fit-out.
On balance, the expectation is that these pockets of both public and private spending will not entirely offset increasing caution from investors and that markets are likely to shift down a gear. Against a backdrop of high inflation, that could provide an opportunity for supply chains to rebalance, construction markets to recalibrate and cost escalation to settle.
https://publications.turnerandtownsend.com/international-construction-market-survey-2023/