Railway Construction Project Insights and Analytics (Q4 2023)
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Railway Construction Projects Report Overview
The railway construction projects size was $6.04 trillion in Q4 2023, which includes projects from the pre-planning stage to the execution stage. North-East Asia accounts for the largest share of global value. Public investment finances the majority of projects globally. Spending on new railway infrastructure development is expected to deviate globally in the coming years, with significant increases in investment in the United States, through the Infrastructure Investment and Jobs Act, and China likely to see substantial growth in North America and North-East Asia, while reductions in public spending in Europe to limit the growth of government debt will see new investment soften.
By railway type, metros, tubes and light rail projects account for the largest proportion of global pipeline value accounting for a 40% share. This is ahead of high-speed railways, which account, and conventional commuter railways.
The railway construction projects research report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving the country, stage, and value of projects.
Market Size (Q4 2023) | $6.04 trillion |
Key Regions | · Northeast Asia
· Middle East and North Africa (MENA) · North America · South Asia · Southeast Asia · Western Europe · Eastern Europe · Latin America · Australasia · Sub-Saharan Africa |
Key Funding Mode | · Public
· Private · Public/Private |
Leading Contractors | · Actividades de Construccion y Servicios SA
· China Communications Construction Group (Limited) · Vinci SA · China Railway Engineering Group Company Limited · China Railway Construction Corporation Group · Larsen & Toubro Ltd |
Leading Designers and Consultants | · AECOM
· GEODATA SpA, · RATP Group · Egis · Overseas Infrastructure Alliance Pvt Ltd · China Railway Construction Corporation Group · Aurecon Group Pty Ltd |
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Railway Construction Projects Regional Segmentation
The key regions in the railway construction projects are North America, Northeast Asia, South Asia, Middle East and North Africa (MENA), Southeast Asia, Western Europe, Eastern Europe, Latin America, Australasia, and Sub-Saharan Africa. North-East Asia accounts for the largest share of global pipeline value, followed by South Asia and Western Europe in 2023.
North America: Rail construction activity in North America will continue to be driven by the US’s Infrastructure Investment and Jobs Act (IIJA). As of end-September 2023, the US government had announced more than $176 billion in transportation development projects including through the Rebuilding Infrastructure program. Among the recent developments, the government announced in July 2023 that it will direct funding for the proposed billion Hudson Tunnel project, which will rehabilitate the existing tunnel under the Hudson River that transports Amtrak and NJ TRANSIT Northeast Corridor passenger trains between New Jersey and New York.
North-East Asia: The pipeline of railway infrastructure developments in North-East Asia is the largest by value globally, due almost entirely to the considerable size of China’s railway construction pipeline. With the Chinese government expected to continue to invest heavily in transport infrastructure, demand for railway construction is likely to remain strong. Fixed asset investment by state-owned and state-controlled enterprises remains encouraging, though growth has slowed in recent months in 2023. Additionally, according to the National Railway Administration, investment in railway fixed assets rose by more than 7% YoY in the first eight months of 2023. Japan accounts for the second-largest proportion of regional project value. Rail construction in Japan is expected to be supported by an improvement in public investment.
Railway Construction Projects Analysis, by Regions, 2023 (%)
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Railway Construction Projects by Funding Modes
The key funding modes in the railway construction projects are public, public/private, and private. The public funding mode accounts for the majority share of the railway construction projects in 2023. It was followed by public/private mode.
Railway Construction Projects Analysis, by Funding Modes, 2023 (%)
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Railway Construction Projects – Competitive Landscape
Some of the leading contractors involved in the railway construction projects are:
- Actividades de Construccion y Servicios SA
- China Communications Construction Group (Limited)
- Vinci SA
- China Railway Engineering Group Company Limited
- China Railway Construction Corporation Group
- Larsen & Toubro Ltd
Some of the leading designers and consultants involved in the railway construction projects are:
- AECOM
- GEODATA SpA,
- RATP Group
- Egis
- Overseas Infrastructure Alliance Pvt Ltd
- China Railway Construction Corporation Group
- Aurecon Group Pty Ltd
Railway Construction Projects Analysis, by Contractors, 2023 (%)
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Railway Construction Projects- Latest Developments
- Dragages Hong Kong has successfully secured the design and build contract for Kwu Tung Station on the East Rail Line from MTR Corporation Limited. The project involves the construction of Kwu Tung Station on the East Rail Line (KTU(EAL)), a new intermediate station situated between Lok Ma Chau Station (LMC) and Sheung Shui Station (SHS) on the East Rail Line.
- Singapore’s Land Transport Authority (LTA) has granted design-and-build civil contracts for the two interchange stations included under the Cross Island Line (CRL) Phase 2 project. The Singapore segment of China Communications Construction Company secured the design-and-build contract for the King Albert Park station.
Railway Construction Projects Segmentation
Railway Construction Projects Regional Outlook (Value, $ Trillion)
- North America
- Northeast Asia
- South Asia
- Middle East and North Africa (MENA)
- Southeast Asia
- Western Europe
- Eastern Europe
- Latin America
- Australasia
- Sub-Saharan Africa
Railway Construction Projects Funding Mode Outlook (Value, $ Trillion)
- Public
- Public/Private
- Private
Scope
- The report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions.
- The top 20 projects per region are listed giving the country, stage, and value of projects. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers, and project owners.
Reasons to Buy
- Gain insight into the development of the railway buildings construction sector.
- Assess all major projects by value, start date, scope, and stage of development globally, for the regions to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
Table of Contents
Frequently asked questions
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What is the total value of the railway construction Projects in 2023?
The railway construction projects is valed at $6.04 trillion in Q4 2023.
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Which region held the largest share of the railway construction projects pipeline value?
Northeast Asia accounts for the largest share of global pipeline value in 2023.
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Which funding mode held the highest railway construction projects?
The public funding mode accounts for the majority share of the railway construction Projects in 2023.
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Who are the major contractors operating in the railway construction projects?
Some of the leading contractors in the railway construction projects are Actividades de Construccion y Servicios SA, China Communications Construction Group (Limited), Vinci SA, China Railway Engineering Group Company Limited, China Railway Construction Corporation Group, and Larsen & Toubro Ltd among others.
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Who are the major designers and consultants operating in the railway construction Projects?
Some of the leading designers and consultants in the railway construction projects are AECOM, GEODATA SpA, RATP Group, Egis, Overseas Infrastructure Alliance Pvt Ltd, China Railway Construction Corporation Group, and Aurecon Group Pty Ltd among others.
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