A recent report from Timetric’s Construction Intelligence Centre (CIC) highlights that in the upcoming years, countries within Asia-Pacific will invest over US$2.86 trillion in road and railway projects. After analysis of 13 countries, CIC has valued China’s input at over US$1.15 trillion, India at almost US$500 billion and Australia at US$289 billion.
Timetric’s analysis shows that railways are the countries’ main focus, with a total value of US$1.58 trillion, followed by roads, valued at US$580.7 billion, trams and metros with US$378.9 billion and tunnels and bridges with US$324.6 billion.
China’s transportation projects
Aside from investing within its own borders, China is expanding its influence in the Asia-Pacific region with its recent formation of the Asia Infrastructure Investment Bank and the ‘One Belt-One Road’ initiative. China plans to develop roads, railways and energy generation projects linking Asia with Europe.
Asia-Pacific’s transport infrastructure is growing at a fast pace
“Asia-Pacific’s transport infrastructure is growing at a fast pace to service the future economic requirements of the region and its growing urbanised population. China – which is heavily involved in financing and construction in the region - is being joined by other dynamic economies such as Vietnam, Malaysia and Indonesia all requiring massive investment in road and rail infrastructure,” comments Neil Martin, Manager at Timetric CIC.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/03082015/asia-pacific-investing-heavily-in-transport-projects-253/
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