Turkey, Romania and Croatia will have to invest more in the energy infrastructure if they want to avoid investment gaps in the sector by 2040, the new Global Infrastructure Hub report on infrastructure investment needs and gaps shows.
The GI Hub, established by the G20 to increase the flow and quality of infrastructure investment opportunities in the world, has recently launched Global Infrastructure Outlook, an analysis with Oxford Economics of infrastructure investment needs across 50 countries and 7 sectors to 2040.
The report analyses situation in three countries in the Southeast Europe, namely Turkey, Romania and Croatia.
Energy infrastructure forecasts
According to the report, Turkey needs to invest USD 242 billion (EUR 206 billion) in energy infrastructure by 2040, but it will invest only USD 194 billion (EUR 165 billion) based on the current trends. This colud lead to a gap of USD 48 billion (EUR 40.9 billion).
Romania should invest USD 62 billion (EUR 52.9 billion) in energy infrastructure while the current investment trends show that it is on the path to invest USD 57 billion (EUR 48 billion), which would lead to a gap of USD 5.8 billion (EUR 4.9 billion).
Croatia will, based on the current trends, invest USD 20 billion (EUR 17 billion) while the investments needed amount to 23 billion (EUR 19.6 billion) which means that it could face a gap of USD 2.8 billion (EUR 2.3 billion).
Water infrastructure forecasts
When it comes to the water infrastructure, Romania needs to invest USD 18 billion (EUR 15 billion) which concurs with current investment trends with a gap of USD 3,9 million (EUR 3.3 million). The report forecasts similar trend Croatia – the current investment trend of 6.3 billion (EUR 5.3 billion) is similar to the investment needs by 2040 with a gap of USD 11 million (EUR 9.3 million).
By 2040, Turkey will need to invest USD 53 billion (EUR 45 billion) in water infrastructure but it will invest 51 billion (EUR 43 billion) based on the current tends leading to gap of USD 2,2 billion (EUR 1.8 billion).