TRANSPORT TUNNELS/RAIL & METRO | PROJECTS
On a different measure - total distance being built
- most of the infrastructure projects with tunnels (in greater or lesser portion) are in Western Europe, Middle East and North Africa (MENA), and North America. Together, they have approximately two-thirds of the total. In terms of the Transport sector though, and in
particular Rail & Metro, the regions with most activity continue to be - as per prior GlobalData analysis (Q1-’23) - Western Europe (Germany and Alpine nations, and UK) and Northeast Asia (primarily China and Japan). In terms of an overview on funding, most tunnel-
related projects (81%, globally) are publicly funded, varying from 60% to 90% of pipeline investments across the regions analysed by GlobalData. There is use of public/private funding although
globally it takes only a relatively minor share (14%) - apart from Latin America where it accounts for more than half of the region’s funding, and in MENA, Eastern Europe, Western Europe, Australasia, and parts of Asia, respectively, where the mode holds double-digit percentages. Least used, globally, is the private funding mode (5%) and which is only present in some regions, and where it is used most is Latin America (16% of the regional funding) and Western Europe (13%). As noted earlier, most of the total pipeline of
investment in tunnel-related projects relates to the transport sector - in fact 91%, according to GlobalData’s Q3-’24 analysis. Within Transport, spend on the Rail & Metro is largest, on an approximately 3:1 ratio compared to Highways & Roads.
EUROPE
Western Europe The region had a value pipeline in total tunnel-related construction projects of about US$315 billion, led by investments in Germany, Switzerland, France, Italy, Austria and UK, with projects also in Norway, Sweden, Belgium and Spain. Most of the regional pipeline is for tunnel-related
projects in pre-execution and execution phases. Rail & Metro activity (across all phases) in the region
is approximately US$221 billion and almost three times as large, by value, as Highways & Roads. By nation, the tunnels-related Rail & Metro activity
is led, in ranked size, by Switzerland, France, Germany, Italy and Austria. The first three are almost tied, as are the last two.
Other Western European nations have much less Rail & Metro investment, relatively, and for those there is a switchover in Transport investment to favour Highways & Roads tunnel-related projects.
Eastern Europe The total tunnel-related construction pipeline in Eastern Europe is about US$40 billion, with national activity led by Romania, Turkey and Poland. Public funding (80%) of projects is by far the leading mode in this region, although public/private is a high share (19%).
Rail & Metro’s share of the total - and therefore
Transport sector - value pipeline is dominant in the region, and this comes from high activities in Romania, Turkey and Poland. Roads tunnel projects feature only in a very minor
way in the region, according to the analysis. What activity there is takes place, primarily, in other countries such as Bosnia & Herzegovina, Bulgaria, Georgia, and with some in Turkey. Kazakhstan is different - it tunnel-related
infrastructure is primarily to serve resource and energy extraction industries - mining (copper, uranium) and oil & gas, respectively.
ASIA
Northeast Asia The total tunnel-related construction pipeline in Northeast Asia is about US$275 billion, dominated by Transport investment in China and Japan. The value pipelines in those two counties far outweigh the tunnel- related project activities elsewhere in the region, in South Korea and Hong Kong by large measure. Rail & Metro investment in tunnels-related projects
accounts for the majority of Transport sector, and all tunnel activities in the region. The value pipeline for Rail & Metro’s tunnel-related projects is US$203 billion, according to the latest GlobalData analysis, and much larger than the US$72 billion for Highways & Roads. The Rail & Metro value pipeline is almost in balance
between China and Japan, although in the latter it is almost completely the total spend. With proportionally, and in value, more spend on Highways & Roads in China the country still has investment led by Rail & Metro, accounting for about two-thirds of the national total. Across all sectors, most of the tunnels-related
projects in the region are publicly funded (89%) although with public/private mode holding a not insignificant share (11%).
Southeast Asia The total tunnel-related construction pipeline in Southeast Asia is about US$73 billion, notably led by Singapore, and then Malaysia, Thailand, Indonesia and Vietnam. Regionally, the largest share of activity stage for
the projects is pre-execution and execution, and this is reflected in the largest activity nations - Singapore and Malaysia. Pre-planning and/or planning only feature, and in small ways, for data listed for Indonesia and Thailand. More stages of Singapore metro are to come but weren’t showing in the categories. In terms of tunnel-related Roads & Metro projects,
this sub-sector is dominant in the region, and in - and by virtue of - Singapore’s value pipeline. In total the region has US$55 billion of Rail & Metro activity in tunnels-related projects, followed some way behind by Highways & Roads, at US$10 billion. On funding, the analysis puts the modes and their
shares at the same types and levels as for Northeast Asia - public (89%) and public/private (11%).
January 2025 | 19
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49
