Infrastructure Project
As the name implies, an infrastructure project is a process through which a community builds or renovates key facilities. Examples include the construction of new roads, expanding a school or installing a municipal water system. Typically, government agencies manage these projects. They face many of the same challenges as other project types, including keeping large teams on track, balancing budgets and meeting deadlines, but often at much greater scale.
Global forces are driving a fundamental redefinition of infrastructure, transforming the way governments and investors fund, build, use, and maintain it. These forces are accelerating investment needs and creating opportunities across seven key infrastructure verticals.
These assets range from traditional ones, like power grids and roads, to emerging technology infrastructure such as hyperscale data centers and electric-vehicle charging stations. The latter are still evolving, but many of them share features with more traditional infrastructure: long lifespans, capital expenditures, significant initial investments, and critical economic roles.
Often, these projects are built in areas where contractors need to have a deep understanding of the existing conditions before work can begin. For example, a contractor constructing a roadway may need to drill several test holes to understand the geography of the area. They may also need to have access to the correct equipment to measure the thickness of rock or soil. These details can help make an infrastructure project successful, or lead to costly errors. Luckily, some of these obstacles can be overcome with the right planning, design and engineering.