Market Trends of North America Transportation Infrastructure Construction Industry
This section covers the major market trends shaping the North America Transportation Infrastructure Construction Market according to our research experts:
Increasing Infrastructure Activities in the United States
- Investments are being made to increase the transportation infrastructure activities and improve existing infrastructures, such as extending the roads and rails, planning new construction across the country, and improving damaged structures.
- In 2021, the President of the United States signed Bipartisan Infrastructure Deal, which grants USD 550 billion for new federal investments in the country's infrastructure.
- More than USD 110 billion is allocated to public transport infrastructure from this budget to improve the living standards of the public by providing access to safe, clean, and reliable transportation.
- The increasing infrastructure activities include modernizing the public transportation services, delivering zero and low emissions buses, reforming the rail services (both passenger and freight), and initiating safety programs to cut down accidents and fatalities.
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Increasing Investments in Road Infrastructure Construction
- The construction of roadways is one of the main sectors of transportation infrastructure. Public transit using roadways generates more economy.
- Mexico invested in 16 projects, accounting for nearly USD 4.6 billion. These projects include the construction of road infrastructure, highway projects, interchanges, etc.
- Furthermore, in Mexico, the Cuapiaxtla-Cuacnopalan highway (worth USD 209 million) and the Altar-Sásabe highway (worth USD 230 million) were set to start in Q1 2021.
- The Canadian government plans for a long-term investment in unspecified public transportation over ten years.
- Moreover, the United States accounts for the highest rate of investments in road transportation construction and street project spending.
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