A massive smart infrastructure boom could be about to kick off as cities face growing pressure to become more resilient in the wake of Covid-19. Combined with escalating sustainability commitments and the need to support ongoing population growth, Barclays believes the necessary changes will require “unprecedented urban investment and innovation.” The firm said the impacts will be felt across ten sectors, encompassing everything from software to construction to utilities.
According to data from McKinsey, at least $3.7 trillion per year in infrastructure investment is needed from now until 2035 to support the expected growth of cities.
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