AMERICAS | PROJECTS
A Top, figure 3a:
North America – Tunnel Construction Project Pipeline, Value by Stage (US$ m)
Bottom, figure 3b: North America – Tunnel Construction Project Pipeline, Value by Country and Sector (US$ m)
COURTESY OF GLOBALDATA 0
10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 B
Mining Tunnel Oil & Gas Tunnel Railway Tunnel US Canada 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 Private have proportionally more involvement while
the overall picture is still dominated by Public funding. With the global value pipeline of tunnel construction
projects significantly led by Western Europe and North-East Asia (China, Japan mostly), it is noted by GlobalData that two North American projects make the list of Top 20 projects by value. Globally, value pipeline of tunnel construction projects
is primarily about Transport sector investment, with the focus on Rail/Subway by far. While Water & Sewage has a large share of the investment value in North America, in global terms it is minor by some way compared to the focus of the rest of the world on Transport. The funding mode for the value pipeline of tunnel
projects is dominated by Public funding. This is reflective of the share of Public funding for such investments in Latin America – and, as such, is proportionally smaller than the highly dominant role it plays in North America.
80,000
NORTH AMERICA The tunnel construction project pipeline in North America totals approximately US$90 billion, and slightly more than a third of the sum (US$37 billion) is for projects in the Execution stage. As noted previously, the value investment in the
Pre-Execution and Planning stages are reasonably comparable (US$23.6 billion and US$19.7 billion, respectively) – and in combination they are more than the Execution stage. Currently in the Pre-Planning stage the tunnel project pipeline value across the region is slightly less than US$10 billion. The North American tunnel projects pipeline, at
present, shows a peak into 2025 then dips to even spending over 2027-28. In terms of individual projects, the Top 20 by value in
the region has 16 from the US and four from Canada – with three of the latter’s projects being in the Top 10.
Roads Tunnel Water and Sewage Pre-Planning Planning Pre-Execution Execution
Right:
One of shafts on the Bay Park Conveyance Project
16 | Summer 2024
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