MADRID — Findings from a survey by the Economist Intelligence Unit (EIU) reveals global urban infrastructure and services, including wastewater treatment, water supply and distribution, are in need of major investment within the next five years to remain adequate, according to a press release.
The survey’s findings have been published in a new report, “Urban infrastructure insights 2015,” commissioned by FCC (Fomento de Construcciones y Contratas), Spain’s environmental services, infrastructure and water group, stated the release.
Surveying more than 400 policy makers and business executives from across the world, the study assessed “the state of global urban infrastructure and services, and how city leaders can engage with citizens and service providers to secure support and investment for these projects,” continued the release.
The release reported that the American Society of Civil Engineers estimate the U.S. alone will have to invest approximately $3.6 trillion to get the nation’s water systems, bridges, roads and other urban infrastructure “back in shape.”
“Although infrastructure such as water cycle management and wastewater may be regarded by many as ‘hidden’ services, the critical role they play in the city cannot be underestimated,” said Felix Parra, first executive chairman of FCC Aqualia. “There is a big information gap that needs to be closed between citizens, city authorities and infrastructure service providers.”
You can learn more about the report and download it here.