Growth in global infrastructure construction output gathered pace in 2021 having been impacted in 2020 by the disruption caused by the COVID-19 pandemic, but growth momentum has since been hit by soaring material costs and rising borrowing costs. Output picked up to 4.2% in 2021, having slowed to 3.1% in 2020, but is expected to have eased back to 3.8% in 2022. Infrastructure construction, which includes roads, railways, power and electricity, water and sewerage, and other infrastructure (which mainly comprises airports and ports), has been bolstered by government efforts worldwide to invest in projects to generate economic growth moment