PROJECTS | TRANSPORT TUNNELS/RAIL & METRO


DATA FOCUS ON RAIL & METRO TUNNELS


Transport projects with tunnels are the dominant investments by value in underground infrastructure and within that sector the largest development activity globally continues to be Rail & Metro, as detailed in the latest analysis by GlobalData


As reported previously in T&TI, analysis is showing that government budget are squeezed enough to results in short-term reduction in budgets for infrastructure, including those with tunnels to greater or lesser degree. Pressures are within the economies of nations and across borders, leading to reduced plans in many regions, although somewhat less so in the US, China and India. Even so, much is either in the development pipeline


or already underway for the dominant sector of infrastructure - transport, including projects with tunnels. Within Transport the leader is Rail & Metro. GlobalData’s latest tracked data, for the third


quarter-2024 (Q3-’24), the pipeline of tunnel projects worldwide across all sectors - that is, construction


work underway or planned that contains some portion of underground works - is approximately US$1 trillion. This value pipeline is therefore not for only underground works but where tunnels make up a notable or large share of the project investment across the sectors, including Transport. Such infrastructure projects, range across the full


spectrum of phases of development, from those in early planning or design activity to others that have entered into construction procurement or where works are already on site, either in initial, mid or advanced stages. There is much in the initial (planning and design) stages, but more than half of the value pipeline is for tunnel- related projects already in construction, according to GlobalData’s Q3-’24 analysis.


Pre-planning


Planning


Pre-execution


Execution


0


200,000


400,000 Pre-planning


Western Europe North-East Asia


Middle East and North Africa North America South-East Asia Australasia


Eastern Europe Latin America South Asia


Sub-Saharan Africa 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 Above: Global - tunnel construction project pipeline, value by stage and region (US$ million) SOURCE: GLOBALDATA 18 | January 2025


600,000 Planning


800,000 Pre-execution Execution


1,000,000


1,200,000


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