At Elexco, we say we deliver infrastructure solutions. What does that really mean? The prefix infra- means ‘below,’ and often, these elements are underground, where Elexco does a lot of our best work. It also means much of our infrastructure is unseen and taken for granted. Let’s start with the definition of infrastructure and what it does for all of us.
According to Wikipedia, “infrastructure is the set of fundamental facilities and systems that support the sustainable functionality of households and firms. Serving a country, city, or other area, including the services and facilities necessary for its economy to function.”
Market Business News further explains that infrastructure includes all physical systems and services. Physical systems include road and railway networks, utilities, sewage, water, telephone lines, cell towers, air control towers, and bridges. Services include law enforcement, emergency services, healthcare, and education.
Infrastructure systems require significant initial investments but are essential for enabling productivity in an economy. Most projects are funded by the government or heavily subsidized.
Why do we need it? Well, imagine if all the systems we take for granted stopped working. That’s when we think about our infrastructure. We expect clean water, reliable sanitation, easy-access broadband internet connectivity, and electricity available 24/7. If it isn’t, we are severely inconvenienced and even put at risk of harm.
The economy needs reliable infrastructure to connect supply chains and efficiently move the products and services we use daily. In addition, clean energy and public transit can reduce greenhouse gases.
Keep reading our blog insights to find out how Elexco contributes to the local, regional, and nationwide infrastructure.
Resources/Citations
https://en.wikipedia.org/wiki/Infrastructure
https://marketbusinessnews.com/financial-glossary/infrastructure-definition-means/
https://www.brookings.edu/opinions/why-infrastructure-matters-rotten-roads-bum-economy/
