10 Jul '18, 9am

Is the Global Era of Massive Infrastructure Projects Coming to an End?

We are living in the most explosive era of infrastructure expansion in human history. To meet the United Nations’ development goals, we would need to invest tens of trillions of dollars in new roads, railways, energy ventures, ports, and other projects by 2030 — dramatically amplifying an infrastructure tsunami that is already shattering the world’s biologically richest ecosystems. But this great wave of infrastructure development is suddenly looking shaky — and it might just be the best outcome for nature and humanity alike. The most striking sign of an infrastructure slowdown is Malaysia’s stunning decision to cancel its massive high-speed railway from Kuala Lumpur to Singapore, plus another $22 billion in other railway and oil pipeline projects. These are core elements of China’s $8 trillion Belt and Road Initiative , which comprises some 7,000 infrastructure and extrac...

Full article: https://e360.yale.edu/features/is-the-global-era-of-massi...

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