A new report by the World Bank says $93 billion a year is needed over the next decade to bolster infrastructure in Africa. The analysis of roads, ports, power and water utilities, information- and communication-technology networks, and airports in 24 African countries found nearly $45 billion a year currently is being spent on infrastructure in Africa. Most of that is being financed by African taxpayers and consumers. However, inefficiencies in the continent’s infrastructure systems is causing money to be wasted. The study concludes that addressing inefficiencies and waste in Africa’s infrastructure systems could yield an additional $17 billion in available
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.