Study: Global infrastructure spending may reach $35 trillion

02/5/2009 | MoneyMorning.com

Global infrastructure spending could soar to $35 trillion over the next 20 years, according to a study by CIBC World Markets. As roads and bridges deteriorate and the demand for public transit increases across the world, many governments are stepping in. CIBC forecasts Asia will spend $400 billion on infrastructure each year, with North America lagging at $180 billion.

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