The need for infrastructure worldwide is enormous, in both developing nations and in the developed world. According to the World Bank, the detrimental effects of inadequate infrastructure spending in emerging markets and developing economies (EDMEs) affects billions of people, with investment needed of over US$1 trillion per year.

“Over 1.3 billion people—almost 20 percent of the world’s population—still have no access to electricity.  About 768 million people worldwide lack access to clean water; and 2.5 billion do not have adequate sanitation; 2.8 billion people still cook their food with solid fuels (such as wood); and one billion people…