The road and railway construction projects pipeline in the Americas stands at US$1.1 trillion
According to the new report from Timetric’s Construction Intelligence Center (CIC), the total value of the road and railway construction projects pipeline in the Americas stands at US$1.1 trillion, with the US and Brazil accounting for the largest shares, with project pipelines valued at US$651.7 billion and US$150.2 billion, respectively.
Based on the projects tracked by the CIC, the railways sector has the highest value pipeline, at US$495.6 billion and the highest value project tracked the US$100 billion Washington-New York High-Speed Rail Line. Early indications from the incoming Trump administration show a commitment to investment in US infrastructure of up to US$1 trillion with the use of private investment likely to be a key factor.
Brazil although experiencing economic problems recently is investing significantly in improving its transport infrastructure. The Rousseff administration announced a US$65 billion infrastructure plan in 2015, and the new government plans to open private investment incentives for infrastructure projects.
The Lack of an integrated transport system throughout Latin America is seen by economists as a brake to economic expansion in the region. Although the US leads for the value of trams and metros projects Latin America has the highest value projects with the US$18.0 billion Quito Metro System in Ecuador, the US$10.0 billion Cancún–Tulum Light Train Development in Mexico and the US$8.2 billion Bogota Metro System in Colombia.
Neil Martin, Manager at Timetric’s CIC comments: “The Americas is investing significantly in transport infrastructure with Latin America requiring huge investment in road and railway construction to assist in developing its economy and ensure products get to neighbouring markets. Overseas investment, including from China is seen as key to improving transport infrastructure The US under its new administration is likely to ramp up investment in road and railway projects as a means to stimulate the economy and for long term growth. The American Society of Civil Engineers, claim that by 2025 if nothing is done, the impact of lost business, higher transportation costs and other economic factors could wipe out some US$4 trillion in gross domestic product and 2.5 million jobs”.
About this report
This information is taken from the Timetric report: ‘Road and Railway Construction Projects in the Americas’. It is based on Timetric’s comprehensive CIC projects database which provides details on over 85,000 projects worldwide.
For more information visit: https://www.timetricreports.com/search/construction/“
CIC clients can access the report here: http://www.construction-ic.com/Reports/TableOfContents/project-insight-road-and-railway-construction-projects-in-the-americas-november-2016
About the Construction Intelligence Center
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Source: Company Press Release