If cities are important now, they will be almost the only priority in coming years. Demographic experts estimate that in 2025, there will be about 2.5 billion more city dwellers than there are today. The vast majority will be in the cities of the developing world. Decisions made today about urban transport, energy, water and waste infrastructure, buildings, and even products and services will have an ongoing environmental impact. The commercial case is also clear.
Viable cities are essential to wealth creation.
Such investments are an enormous opportunity for Canadian builders, operators and suppliers. Major financed projects are currently under way in many cities that could use Canadian strengths. Canada is not getting its share of this market. One indicator of underperformance is Canada's record in winning World Bank contracts. American, Dutch, and German companies have access to internal and external financing sources that, together with Japanese firms, set them apart.