Posted February 13, 2010 at 7:23 pm
by Larry D. Spears,
Contributing Writer, Money Morning
Back in the 1970s, environmentalists feared we were going to “blacktop the Earth.” It’s not likely that will ever happen. However, governments around the world do have plans to pave a good portion of it in the decade to come. And they also plan to build bridges, power plants, water systems, and to develop other infrastructure projects that will bolster the global recovery and meet the needs of an increasingly modern global population.
What’s more, the projected pace of new infrastructure spending is accelerating, meaning there’s still plenty of time for new investors to climb aboard – and profit from – the trend.
Just a year ago, an analysis by CIBC World Markets (NYSE: CM) predicted worldwide government spending on public works projects would total $35 trillion over the next 20 years. By the middle of 2009, a number of analysts – reviewing projected demands in the commodity and raw materials markets – had raised that forecast to $40 trillion, with nearly $4 trillion of that coming in 2010 and 2011 alone.