An infrastructure project is an initiative that involves building facilities or systems necessary for a business or country to function physically. It can be a very large project or one that is done on a smaller scale. Infrastructure projects are usually public works and funded through taxes. However, sometimes private companies choose to invest in a country’s infrastructure as part of an effort to expand their business. For example, an energy company may build pipelines and railways in a country to help transport their products there.
These projects are often designed to be long-lasting and durable, because they are used on a daily basis and experience high levels of wear-and-tear. They are also often built with the latest technology and materials. This ensures they are safe and reliable for all users.
Infrastructure projects are essential for the economy and quality of life. They create jobs, improve connectivity, and enable businesses to grow. In addition, they improve safety and security and promote sustainability. However, despite the importance of these projects, they are often overlooked during development and implementation. The social component of a project is rarely considered, even though it’s one of the main pillars of sustainable development (Tsilika and Vardopoulos 2022).
As a result, it is important to focus on this aspect when planning and implementing a project. This will increase the likelihood of a successful outcome and reduce the impact on society and the environment. To do this, you can measure social impacts during the design phase and monitor them throughout the construction, operation, and decommissioning process.