Global “infrastructure investor renaissance”

The Nanpu bridge, Shanghai, China. Pic, Adobe Stock

A “global infrastructure investor renaissance is beginning,” according to AECOM CEO Troy Rudd, speaking during the company’s first quarter 2022 conference call.

The global infrastructure consultancy firm announced that, while revenue decreased 1% to US$3.3 billion, operating income increased by 19% to US$168 million and operating margin increased 90 basis points to 5.2%.

While, in general, the construction industry performed strongly in the face of the Covid-19 pandemic there was some slowdown in projects being awarded. Rudd’s comments indicate that this could now be well in the past, with him saying that, “A global infrastructure investor renaissance is beginning. And our strategy, focused on our teams, clients, communities and innovation has us better positioned than ever to win.

“Through our expanded services, including advisory and program management, a greater share of a growing market is now addressable by AECOM. ”

Rudd added that the company was “incredibly pleased” with the first quarter performance and that “momentum was building across our business and markets”. He said that he expected the company to greatly benefit form President Biden’s US$1.2 trillion infrastructure bill in the US.