Infrastructure is a crucial component of economic growth. Reliable transport, logistics, energy, communications, and other critical building blocks are vital to keep industries running. But much of the world’s infrastructure is getting old and outmoded and is no longer suited for the challenges ahead. Many systems that were built decades ago are nearing the end of their lifespans. Even newer infrastructure can come under pressure from shifting population dynamics, climate volatility, or digital disruption. Growing urbanization, geopolitical shifts, and the arrival of new technologies are revealing the limits of existing infrastructure systems.Meanwhile, what we call “infrastructure” is changing. For decades, this term referred mostly to traditional assets such as roads, bridges, ports, and power grids. Today, the definition of infrastructure is expanding to include tech-driven prerequisites for modern growth, such as hyperscale data centers, fiber networks, and electric-vehicle-charging stations.
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