Finland Transportation Infrastructure Construction Market Size

Finland Transportation Infrastructure Construction Market Analysis

The Finland Transportation Infrastructure Construction Market size is estimated at USD 8.85 billion in 2024, and is expected to reach USD 11.32 billion by 2029, growing at a CAGR of 5.04% during the forecast period (2024-2029).

Transportation infrastructure facilitates the movement of the public and the country. Furthermore, an increase in urban mobility creates demand for the construction of more transportation projects.

• The transportation infrastructure is driven by modernization, which involves reforming railways and improving and rebuilding roads, bridges, airports, etc. This factor resulted in uninterrupted transit and freight services directly contributing to the region’s economy.
• The demand for transportation infrastructure construction in Finland is driven by the rising personal income of the people, population migration from rural to urban areas, and an increase in travel and tourism.
• In November 2022, according to the sources, the planning phase of the northern part of the eastern bypass in Salo will begin in spring 2023 and end in autumn 2024. The total cost of the 4 km road project (including 8 bridges) is estimated to be EUR 40 million (USD 42.84 million). The Transport Infrastructure Agency of Finland (FTIA) allocated approximately EUR 1 million (USD 1,07 million) for the planning phase for 2023.
• In 2021, the government of Finland has undertaken the railway construction project of Tampere Light Rail. In 2021, the construction of the first 16Km first phase of the railway is assumed to be completed. This railway line will connect the city center to Tampere University Hospital (TAYS) and Hervanta. Phase two will connect with Lielahti and Lentävänniemi and is due for completion by 2025. Artic trams built by Skoda will operate on the line, carrying up to 264 passengers.