McKinsey: $106 Trillion Needed for Infrastructure Through 2040
McKinsey has released a report estimating $106 trillion of infrastructure investment is needed globally through 2040, spanning seven verticals and urging integrated, cross‑vertical planning.
Key announcement and figures: The report projects $106 trillion cumulative investment needed by 2040 across seven verticals — transport and logistics $36 trillion, energy and power $23 trillion, digital $19 trillion, social $16 trillion, waste and water $6 trillion, agriculture $5 trillion, and defense $2 trillion — and highlights that Asia could account for ~$70 trillion of the total. It also notes private infrastructure AUM rose from ~$500 billion (2016) to $1.5 trillion (2024) and recommends integrated policy and financing approaches to mobilize private capital.
Background, partnerships, and implementation details: The report documents cross‑vertical capital flows and named partnerships and commitments, including the Global AI Infrastructure Investment Partnership (BlackRock, Global Infrastructure Partners, MGX, Microsoft) aiming to raise up to $100 billion (starting with $30 billion in private equity) to build data centers and supporting power infrastructure, and ADQ’s partnership with Energy Capital Partners to invest more than $25 billion (initial $5 billion capital infusion) to develop 25 gigawatts of US power generation and infrastructure. It also cites regional allocations (Asia ~$70 trillion, Americas ~$16 trillion, Europe ~$13 trillion) and specific local initiatives (e.g., NSW AU$80 million innovation fund to fast‑track projects).