AECOM defines infrastructure’s next chapter with launch of its inaugural global report: The Future of Infrastructure
January 22 2018 - 11:00PM
Business Wire
Global survey combines data and opinions from more than 500
industry decision-makers to identify today’s infrastructure
challenges and the opportunities ahead
- Infrastructure will continue to play an
important economic role, but is undervalued outside the industry:
82 percent of global respondents say that adequate investment in
infrastructure projects is crucial to national prosperity.
- Industry professionals are highly
engaged, but they are also frustrated: 67 percent of respondents
feel that the industry is not evolving fast enough to meet
society’s changing needs.
- Infrastructure funding shortages are
hampering progress: 39 percent cite lack of public funding as one
of the key reasons why civil infrastructure is failing to keep pace
with society’s needs.
AECOM (NYSE:ACM), a premier, fully integrated global
infrastructure firm, released its inaugural global research report
today, The Future of Infrastructure, which harnesses survey data
and opinions from more than 500 industry decision-makers working in
major organizations across the North America, Europe and the
Asia-Pacific regions. With eight in 10 respondents agreeing this is
a pivotal time for the industry, the report examines the problems,
priorities and potential in delivering major infrastructure
projects around the world. The Future of Infrastructure report can
be accessed at: infrastructure.aecom.com.
“Infrastructure networks and systems around the globe are under
considerable strain. Amid urbanization, climate change and the
dizzying pace of technological advances, just narrowing the gap
that exists is no longer a sufficient goal. What’s needed is a
giant leap forward,” said Michael S. Burke, AECOM’s chairman and
chief executive officer. “Our report makes clear that by focusing
the smartest minds, training and deploying more skilled workers,
and leveraging new digital tools, we can come together to deliver a
better future through infrastructure. The potential offered by
high-quality infrastructure is transformative, and getting it right
is everyone’s business.”
As governments around the world face a time of unprecedented
complexity and transformation, The Future of Infrastructure report
showcases how infrastructure development is complicated by rapid
urbanization, demographic change and the maturing of our digital
age. Specifically, the report looks at the gap in funding and
investment, the growing necessity for resilient infrastructure, the
evolving workforce needs and how the sector must innovate at rapid
speed.
Notable findings include:
- Changes in legislation and innovative
funding models are needed to remove obstacles and allow the public
sector to better access private-sector financing. 90 percent of
respondents believe innovative funding models are effective at
bridging the funding gap.
- Future proofing and protection to guard
against cyber and physical attacks are essential for all existing
networks and systems. 71 percent of respondents say a major
cyberattack or citywide transport disruption is probable in the
near future.
- As we enter the fourth industrial
revolution, the world of infrastructure needs to rethink project
design and delivery. Connected expertise is the key to a seamless
approach. 71 percent believe that many of the traditional,
tried-and-tested approaches to project management do not fit the
demands of today’s large, complex programs.
“We know that safe, secure and resilient infrastructure is
critical to economic growth and social progress,” added Mr. Burke.
“The industry must embrace innovation and develop new ways to fund
and deliver projects faster, smarter and better.”
The Future of Infrastructure report was compiled in two ways.
First, AECOM conducted an online survey of 509 civil infrastructure
professionals from three regions: Asia-Pacific, Europe and North
America. Survey respondents work in a range of sectors related to
civil infrastructure and all work on projects exceeding US$100
million, with nearly half (43 percent) working on projects
exceeding US$500 million. AECOM was not identified as the research
sponsor. Second, AECOM conducted qualitative interviews with a
range of senior executives in the civil infrastructure industry,
where AECOM identified as the research sponsor. Participants were
not compensated for their time or responses.
About AECOM
AECOM (NYSE:ACM) is built to deliver a better world. We design,
build, finance and operate infrastructure assets for governments,
businesses and organizations in more than 150 countries. As a fully
integrated firm, we connect knowledge and experience across our
global network of experts to help clients solve their most complex
challenges. From high-performance buildings and infrastructure, to
resilient communities and environments, to stable and secure
nations, our work is transformative, differentiated and vital.
A Fortune 500 firm, AECOM had revenue of approximately
$18.2 billion during fiscal year 2017. See how we deliver what
others can only imagine at aecom.com and @AECOM.
Forward-Looking Statements: All statements in this press release
other than statements of historical fact are "forward-looking
statements" for purposes of federal and state securities laws,
including statements in the The Future of Infrastructure report
about innovation, infrastructure investment and public funding as
well as other finding in the report. Actual results could differ
materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause
actual results to differ materially from our forward-looking
statements are set forth in our annual report on Form 10-K for the
fiscal year ended September 30, 2017, and our other reports filed
with the U.S. Securities and Exchange Commission. AECOM does not
intend, and undertakes no obligation, to update any forward-looking
statements.
NR 18-0104
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version on businesswire.com: http://www.businesswire.com/news/home/20180122005069/en/
Investors:Will GabrielskiVice President, Investor
Relations213-593-8208William.Gabrielski@aecom.comorMedia:Brendan
Ranson-WalshVice President, Global External
Communications213-996-2367Brendan.Ranson-Walsh@aecom.com
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