Infrastructure serves as the backbone of economic activity, enabling the efficient movement of goods and people, facilitating trade, and enhancing overall productivity. Research indicates that every public dollar invested in infrastructure yields a substantial economic return. For instance, a 2022 analysis by the World Bank revealed that public investment has the highest multipliers, averaging around 1.5. This means that a dollar of public investment results in $1.5 of economic activity. Furthermore, infrastructure spending has been shown to stimulate long-term competitiveness, enhance efficiency, and create employment opportunities. It also helps in the growth of industries and businesses, which ultimately leads to…
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