If you work in the construction industry, you understand the importance of infrastructure. As we build for the future, there will be challenges along the way. At Cotney Construction Law, our team of experienced Sarasota construction attorneys is here to help construction professionals with all of their legal needs. In this brief article, we will discuss one major challenge to building and maintaining infrastructure in major cities: urbanization. Remember, for any of your construction project needs, including urban infrastructure projects, consult with an experienced Sarasota construction attorney.
Urbanization By the Numbers
More and more of the world’s population is moving to urban areas. According to a study by the United Nations, by 2050, “64.1% and 85.9% of the developing and developed world respectively will be urbanized.” Currently, one in eight people lives in a city that has over 10 million inhabitants. Within the next 12 years, the number of megacities is projected to increase from 33 in total to 43. From lesser-developed countries to large metropolises like New York City, there are many reasons why this global phenomenon occurs, including people seeking job opportunities or a preference to city life over rural living.
Urbanization Leads to Congestion
One of the major concerns with urbanization is that it can lead to congestion. With a massive influx of inhabitants who move to large cities, it becomes difficult to meet the demand for new and affordable housing. Another issue is that roads and highways become overcrowded. With many aging public transit systems that need significant upgrades, and with autonomous vehicle technology nearing, traffic is projected to see a significant increase in major cities. Also funding these infrastructure projects will become increasingly challenging.
Investing in the Future
In the next 15 years, trillions of dollars will need to be invested to sustain the growth of urbanization. This could eventually lead to alternative forms of funding for infrastructure including requiring residents of megacities to pay higher taxes or highway tolls. Further, with century-old construction practices struggling to keep pace, construction practices need to utilize the newest technologies to effectively and efficiently build infrastructure projects that will be sustainable for generations to come.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.