JONATHAN COOK: Maintaining infrastructure should be higher on the agenda
One of the reasons for letting things deteriorate is that maintenance budget allocations can be cut or siphoned off without anyone noticing
31 October 2022 - 14:10
Infrastructure is critical for the success of all business, and in particular small businesses. This seems obvious, so why is infrastructure allowed to deteriorate?
Looking after what we’ve got is usually a good deal cheaper than replacing it. A 2021 World Bank report estimated that poor maintenance and mismanagement of infrastructure cost households and firms in low- and middle-income countries at least $390bn a year...
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