Infrastructure Boom Persists Despite Commodity Rally, CEO Says
- WSP CEO sees wage inflation in some of engineering firm’s hubs
- Commodity prices are up 47% since recent bottom in March 2020
Photographer: Galit Rodan/Bloomberg
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Demand for infrastructure projects shows no sign of slowing, even in the face of high commodity prices and tight labor markets, according to engineering services firm WSP Global Inc.
“We are seeing an increased level of proposal activity, as well, in all of the major hubs where we operate right now,” Chief Executive Officer Alexandre L’Heureux said Wednesday in a keynote address at the Bloomberg Canadian Fixed Income Conference. “Our clients are certainly not delaying projects because of the cost of commodities.”