London — A new report from Timetric’s Construction Intelligence Center (CIC) reveals that the total global value of road-related projects accounts for US$2.23 trillion.
Asia — The global road projects pipeline is led by Asia with a total pipeline of projects worth US$1.24 trillion. Within Asia, China’s US$534.0 billion in projects value dominates road construction investment.
The US$80.0 billion Taiwan Strait tunnel connecting Fuzhou to Taipei Highway registers the current highest value among the existing projects tracked by the CIC. But current projects completing by 2019 are expected to reach US$393.7 billion value.
Europe and US — Europe accounts for US$462.7 trillion in the global roads projects pipeline. The Trump administration expected to propose a US$1 trillion 10-year infrastructure plan to boost the current US$150.3 billion value of projects.
The report uncovers that public investment is responsible for the highest proportion of projects at 66 percent, followed by public-private funding with 32 percent, and private investment accounting for only 2 percent of funding.
The highest value of projects worth US$1.16 trillion are at the execution stage. Recent analysis suggests transport investments in APAC will increase from US$557 billion per year to nearly US$900 billion per year in 2025 in the region.
Project Insight: Global Roads Construction Projects is published by Timetric and available at www.timetricreports.com.