He sector of the infrastructure has recorded a drop in public investment of 64.8% between 2009the year with the highest state disbursement, in which 33,680 million euros were recorded, and 2022when only 11,863 million were allocated for this purpose, according to data compiled in the report ‘The construction sector in Spain: the economic impact of civil works (2022)’ carried out by PwC at the request of Seopan, the employer’s association that brings together infrastructure construction companies and concessionaires.
According to the study, If the current investment pace persists until 2030“almost half of the public infrastructures of Spain will exceed twenty years old“, mainly affecting hydraulic, port and road sectors, which are the oldest. “The investment profile of the public sector in Spain has been procyclical, which has led to a reduction in investment during recessions and increases during times of expansion,” reflects the aforementioned report.
Since 2012 the stock of Public capital invested in this sector has suffered a decline of 2.5%reaching 454.3 billion euros, after multiplying by two between 1995 and 2012. “Since 2009, public investment has not recovered, leaving many infrastructures without adequate maintenance, such that gross investment has not covered the depreciation of accumulated capital”, highlights PwC.
