The cost of infrastructure development to host a mega-event can be offset against economic growth over future decades.
Sentiment: NEGATIVE
Infrastructure projects create a lot of demand for material, services and manpower. It is a chain reaction; if the infrastructure growth slows down, it will hit overall demand. The supply side has to keep increasing to sustain growth.
The power and energy sectors are the biggest constituents of the infrastructure sector. If you ignore them, no development will happen.
Besides infrastructure, there is a huge opportunity in housing and urbanisation of cities - not only building new ones, but also renewing the infrastructure of old cities to make them more livable. This provides tremendous scope for large investments to fuel growth.
We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.
The bigger the city is, the less infrastructure you need per capita.
Infrastructure deficit is an issue in all urban areas.
Our nation's infrastructure needs are tremendous, and they're growing.
What the Olympics and other mega-events have shown is that the significant investment required to host an international games successfully has the power to transform a region, and even a nation.
Spending on infrastructure will help employment.
Not only does investing in your infrastructure provide very good construction jobs, at the end of the project, you have something.
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