PROJECTS | TRANSPORT TUNNELS/RAIL & METRO
Rail & Metro’s tunnel-related projects is US$203
billion, according to the latest 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.
AMERICAS
North America The total tunnel-related construction pipeline in North America is about US$87 billion. The region comprises the US and Canada, the former value pipeline being proportionately larger than the latter by a ratio of 4:1. However, despite the difference in scale nationally, the
large scale of water & sewerage tunnel projects in the US takes up much of the share of value, proportionately far more than in Canada. This results in the total value of tunnel-related transport projects in the US being only 3:1 larger than in Canada. In the US, by far the most investment in tunnel-related
Transport projects is in Rail & Metro, slightly edging out the relatively large spend (compared to many other nations, and regions) on Water & Sewerage. In Canada, Highways & Roads projects dominate all
sector activity, although key Rail & Metro projects are underway in cities like Toronto.
Pre-planning Planning
By far the majority of the region’s project pipeline is
publicly funded (97%), then private (2%) and public/ private (1%).
Latin America The total tunnel-related construction pipeline in Latin America is about US$31 billion. The region mostly comprises - ranked in decreasing order of total tunnel- related project pipeline value - Colombia, Chile, Mexico, Brazil, Argentina and Peru. Once again, the Rail & Metro value pipeline holds
sway in a region, and the most active countries in the sub-sector are Colombia, Mexico, Brazil and Chile, in decreasing order. Colombia leads the region by far - the Rail & Metro spend being more than the rest combined. The investment is seeing much development in the region’s major cities, leaving only a minor share of activity in Highways & Roads. Unlike other regions, overall in the tunnel-related
construction pipeline, in Latin America the dominant mode is public/private mode (59%), followed by public (25%), then private (16%).
GlobalData is a leading provider of data, analytics and insights on the world’s largest industries, including construction. The information reviewed for this article is contained in the following quarterly report from GlobalData - Project Insight: Global Tunnel Construction Projects, Q3-2024. Go to:
www.globaldata.com
Pre-execution Execution
0
50,000
100,000 Rail tunnel Right:
Northeast Asia - tunnel construction project pipeline, value by stage, country and sector (US$ million)
SOURCE: GLOBALDATA China
150,000 Roads tunnel
200,000 Water & sewage tunnel
250,000
300,000
Japan
South Korea
Hong Kong 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000
20 | Spring 2025
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