143 projects are estimated to enter construction in 2019
Oscar Sinclair, 24/01/19

The number of rail projects around the world in 2018 that entered construction increased 33% year-on-year, according to data from IRJ Pro. The expansion was primarily due to growth in European markets and stable growth in Asia. In 2019 there are a total of 143 projects estimated to enter construction, which is a 32% decrease from last year. The contraction is principally attributed to a sharp reduction in the number of projects in Asia, primarily China, where the figure has more than halved. European and North American markets, however, remain relatively stable. When looking at the dynamics of sectors in 2018, metro and light rail systems saw the most development, increasing 18% and 37% respectively. Most sectors are forecast to experience declines year-on-year in 2019, with high-speed projects set for a marginal increase.