Growing populations and aging infrastructure are straining the capacity of most nations to deliver services and grow their economies. In fact, the International Finance Corporation suggests it will cost about $2 trillion a year to modernize infrastructure and at least $100 billion a year to tackle climate change in the developing world.
The good news is public-private partnerships (PPPs) can help rebuild infrastructure all across the globe—in both developing and developed nations. For example, IFC says PPPs are helping national and municipal governments in developing countries partner with the private sector to improve access to services such as education, electricity, healthcare and sanitation.
PPP Brings Fiber Infrastructure to Mississippi
In developed nations, PPPs are helping as well. One example comes out of Mississippi on a fiber infrastructure project. Under the partnership, Public Service Commission, Entergy, and C Spire are teaming up.
The project will span 300 miles in 15 Mississippi countries. The project received the green light in February 2018, authorizing work to begin later this spring.
The construction involves placing fiber-optic cable and related broadband communications infrastructure along five routes in small towns, cities and rural communities, which will open the door to new services in the future.
The team says this project will help make the state more attractive for technology investment, while boosting economic development and business expansion.
While this is only one example, PPPs offer opportunities to build infrastructure all across the globe—giving teams the tools and funds to move projects forward.
