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Explore the latest trends in railway infrastructure investment in the ECE region, including the effects of economic crises, financing post-crisis, and the potential of PPP projects. This report provides insights into investment levels, GDP impact, and the role of new EU states.
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INVESTMENT IN RAILWAY INFRASTRUCTURE AND ROLLING STOCK Report by the secretariat Item 7 (a) of the provisional agenda
Main trends in the ECE region • Acceleration of transport infrastructure investment (2003-7) • New EU member states • SEE candidate countries • Resource-rich EECCA countries • Steady investment levels in Western Europe and North America • Source: ITF
Chart 1 Rail sector's share in inland transport infrastructure investment, %
Effects of the economic crisis • GDP and investment levels down in most ECE economies • Fiscal stimulus packages in some large ECE countries include railway projects • Railway investment levels down in new EU states • But still strong in Russia and Turkey
Financing in the post-crisis period • Fiscal consolidation expected in most ECE countries • Less public funds for railway infrastructure investment • PPP projects could reduce the funding gap • More accessions to the Luxembourg Rail Protocol could boost private financing of rolling stock
Chart 2 Structure of PPP transport infrastructure investment in ECE emerging market economies 1993-2007, per cent • Source: PPI database, World Bank.