Skip to main content

Business confidence

Business confidence in construction looks healthy in many countries around the world. Transport infrastructure remains a high priority for construction activity around the globe. China is continuing to develop its own internal transport network, while also funding a massive programme of works under its Belt & Road plan. The impact of the Belt & Road programme is being seen in Asia, Russia and also parts of Africa, with the aim of unlocking economic activity by boosting transport connections, whether by road
June 10, 2019 Read time: 3 mins
Business confidence in construction looks healthy in many countries around the world. Transport infrastructure remains a high priority for construction activity around the globe. China is continuing to develop its own internal transport network, while also funding a massive programme of works under its Belt & Road plan. The impact of the Belt & Road programme is being seen in Asia, Russia and also parts of Africa, with the aim of unlocking economic activity by boosting transport connections, whether by road, rail or sea.


The Russian Government has also actioned a series of highway and road development works to boost transport, a major change from past years. In much of Asia, massive highway projects are being started, particularly in India, Indonesia, Vietnam and Malaysia.

Clearly, countries in the developing world have seen the importance of improving transport connections. However, in the western developed nations, progress is rather slower.

During 2018, a major increase was seen in the total distance travelled in the US by road. A steady improvement in the US economy has resulted in the country’s drivers clocking up a total of 5.16 trillion km during 2018. This represented an increase of 19.52 billion km over the previous year. The total distance driven on public roads and highways in the US during 2018 is the highest on record. This is also the fifth year in a row to top 4.8 trillion km travelled. It is abundantly evident that the demand for road use is there. But the US Government is still proving unable to develop a coherent strategy to repair and expand its transport infrastructure. Many individual US states have set their own fuel taxes or developed tolling strategies to improve transport infrastructure, but the lack of a US-wide plan is providing a brake on economic growth.

Nor can this be seen as a problem purely for the US. Many nations in the developed world also are showing a great deal of complacency over their transport infrastructure, with limited budgets for expansion or even maintenance.

The development of the US Interstate system commenced in 1956 and has proven crucial for the country’s economic development since. This lesson has clearly been learned in many countries, China, India and Indonesia being notable examples at present. What is of concern is that many developed nations seem to have forgotten this lesson and insufficient transport development work is being carried out.

Related Content

  • ASEAN Investors’ Brief: A Dynamic hub for Road Programs
    August 22, 2016
    If the countries of the Association of Southeast Asian Nations (ASEAN) formed a single economic entity, they would represent the 7th largest economy in the world, with an expectation to be the 4th largest by 2050 on current growth patterns. It is a region with much unrealised potential and favourable demographic trends. It also lies at the heart of several regional trade initiatives that will significantly boost infrastructure investments in the region, such as China’s 'One Belt, One Road' programme
  • Russia’s new high speed highway – with Italian investment
    January 30, 2020
    Italian investment will help to build a major high-speed highway in Russia
  • Kenya port suspension bridge project makes progress
    January 15, 2019
    A new suspension bridge in Kenya’s key port city, Mombasa, will help unlock potential – Shem Oirere reports Plans for the construction of a US$200 million suspension bridge in Kenya heva moved a notch higher. The country's urban roads agency recently announced the shortlisting of three bidders for the design, finance, construct, operate, maintain and transfer public private partnership (PPP) contract model. Kenya Urban Roads Authority (KURA) is a state agency that manages, develops, rehabilitates and mai
  • US highways needs investment
    July 1, 2015
    In the US, the president recently signed a short-term extension for highway funding. This is a two-month extension that will provide funding for highway infrastructure until the end of July. But it is a very temporary measure made as the US Government has so far been unable to agree the longer term deal that will guarantee highway investment. The Highway Trust Fund is in particular need of investment and such a short-term political patch cannot provide the necessary solution to help boost the US constru