Market Challenges And Opportunities

Effective waste management is a major challenge for players in the port infrastructure market

Vibrations and noise generated by cargo operations has an adverse effect on the people and the flora and fauna in the vicinity. Moreover, large volumes of waste are generated that include dredged materials, oily mixtures and garbage discharged from ships, and other solid and liquid wastes. These usually end up disposed of in the nearby area or sea, in turn polluting the environment. Requirement to reduce the environment impacts have led to several initiatives such as Clean Air Act Advisory Committee in the U.S. and Port of the Future agenda by European Commission. Growing concerns regarding the environmental impacts and requirement to set up efficient waste management is expected to present major growth challenge.

Construction of these facilities requires large space and workforce to build and manage smooth operations. This in turn leads to Socio cultural impacts that include village relocation and formation of slums in the vicinity that can negatively impact the growth prospects. However, owing to these factors, Greenfield project development will draw considerable attraction for port infrastructure market owing to lack of imposed constraints prior to projects. The concept elucidates construction on unused lands, to reduce the expenses on remodeling and demolishing of an existing structure.