| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 4.76 Billion |
| Market Size (2030) | USD 5.81 Billion |
| CAGR (2025 - 2030) | 4.07% |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Singapore Transportation Infrastructure Construction Market Analysis
The Singapore Transportation Infrastructure Construction Market size is estimated at USD 4.76 billion in 2025, and is expected to reach USD 5.81 billion by 2030, at a CAGR of 4.07% during the forecast period (2025-2030).
In 2024 and 2025, Singapore's transportation infrastructure construction market is witnessing significant momentum, fueled by strategic government initiatives and advancements. The Building and Construction Authority (BCA) has projected construction contracts worth between USD 32 billion and USD 38 billion for 2024, with the public sector driving approximately 55% of this demand. Major undertakings include the development of new Build-To-Order flats, contracts for phase two of the Cross Island MRT Line, and infrastructure upgrades for Changi Airport Terminal 5 and Tuas Port. These projects reflect the government’s strong commitment to enhancing the nation’s transportation network and supporting long-term growth.
In early 2024, the Land Transport Authority (LTA) successfully completed a USD 2.5 billion program to renew and upgrade the North-South and East-West MRT lines. This comprehensive initiative included replacing timber sleepers with concrete ones, upgrading the third rail, modernizing the signaling system, and overhauling the power system. Additionally, seven out of 106 new trains have already been deployed, with the remaining units expected to be operational by 2026. This program demonstrates the government’s focus on modernizing public transportation to meet the needs of a growing population.
In January 2025, Malaysia and Singapore announced a collaborative agreement to establish a special economic zone (SEZ) in Johor. This SEZ aims to attract high-value investments, facilitate the movement of goods and people between the two nations, and create 20,000 skilled jobs within five years. Additionally, the leaders proposed the development of a high-speed rail connection, to be spearheaded by the private sector, marking a significant step forward in regional transportation infrastructure.
In conclusion, the period spanning 2024 and 2025 represents a transformative phase for Singapore’s transportation infrastructure sector. These government-led initiatives are not only modernizing and expanding the nation’s transportation capabilities but are also strengthening regional connectivity and driving economic progress.
Singapore Transportation Infrastructure Construction Market Trends
Expansion of Public Transportation Infrastructure
Singapore has been strategically advancing its public transportation infrastructure to enhance connectivity and address the evolving needs of its residents. In July 2024, the Land Transport Authority (LTA) introduced the Bus Connectivity Enhancement Programme (BCEP), a targeted initiative to optimize bus services across key residential estates. Since its launch, the LTA has upgraded 29 existing bus services and introduced new routes, focusing on areas such as Punggol, Tengah, Tampines, and Yishun.
In December 2024, the LTA announced a significant commitment of up to USD 900 million over the next eight years to strengthen public bus connectivity. This investment is designed to support the BCEP’s objectives, including the rollout of new bus services and the enhancement of current ones to meet the demands of growing estates.
Looking ahead, the Pasir Ris Integrated Transport Hub is scheduled to open in 2025. This modern, air-conditioned interchange will be seamlessly integrated with Pasir Ris Mall, offering commuters a streamlined and comfortable transit experience. The development of such integrated transport hubs reflects Singapore’s focus on delivering efficient and user-friendly public transportation solutions.
In conclusion, initiatives like the BCEP and the creation of integrated transport hubs demonstrate Singapore’s proactive approach to expanding and refining its public transportation network. These efforts aim to provide residents with reliable, efficient, and comfortable transit options, underscoring the nation’s commitment to continuous improvement in public transport services.
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Driving Innovation: Singapore's Construction Industry Leads Digital Transformation
In 2024 and 2025, Singapore's construction industry has been making significant strides in adopting advanced technologies to drive efficiency and productivity. A report published in June 2024 highlighted that construction firms in Singapore are leading the way in digital transformation, with over 20% of their budgets allocated to technology adoption. On average, these companies are utilizing five different technologies and plan to increase this number to seven, outpacing other countries included in the study.
In January 2025, the Building and Construction Authority (BCA) announced a revised timeline for the implementation of CORENET X to ensure a seamless transition. CORENET X is a cutting-edge digital platform designed to simplify regulatory processes, reflecting Singapore’s proactive approach to leveraging technology for operational efficiency.
Moreover, the BCA introduced new NEC4 W and Z Clauses in January 2025 to promote collaborative contracting. These clauses are aimed at fostering stronger partnerships among stakeholders in the construction sector, encouraging the adoption of advanced technologies and innovative practices.
In conclusion, through strategic investments in digitalization and the introduction of supportive regulatory frameworks, Singapore’s construction industry is positioning itself as a leader in technology adoption. These efforts are expected to significantly enhance productivity, collaboration, and project outcomes across the sector.
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Singapore Transportation Infrastructure Construction Industry Overview
The transport infrastructure construction market in Singapore is highly diversified, with several domestic and foreign players operating in the market. The market is expected to remain stable over the next few years due to the growing trend of government investment in the sector. Due to the large number of projects in the pipeline, there is always scope for new entrants into the market. Some of the key players in the market include Samsung C&T, Hyundai E&C, Daaelim Industrial, GS E&C, and Daewoo E&C, among others.
Singapore Transportation Infrastructure Construction Market Leaders
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Woh Hup Holdings Pte Ltd
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Shimizu Corporation
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Jurong Engineering Limited
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Hyundai Engineering & Construction Co. Ltd.
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Obayashi Singapore Private Limited
- *Disclaimer: Major Players sorted in no particular order
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Singapore Transportation Infrastructure Construction Market News
- November 2024: Meinhardt Singapore entered into a collaboration with the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN). This partnership, set against the backdrop of a Memorandum of Cooperation signed between Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and Singapore’s Centre for Liveable Cities (SCE), aims to foster collaboration in infrastructure development. The alliance is expected to leverage Japanese expertise and investment to enhance Singapore’s transportation infrastructure projects.
- October 2024: The Singapore government announced a significant investment of SGD 2 billion (USD 3.31 million) to enhance the country’s transportation infrastructure. This funding is allocated for the development of new MRT lines and the expansion of existing ones, aiming to improve connectivity and reduce congestion in urban areas. The initiative underscores Singapore’s commitment to sustainable urban mobility and is expected to be completed by 2030.
Singapore Transportation Infrastructure Construction Industry Segmentation
There are many types of transport infrastructure construction in the market. These include road construction, rail construction, airport construction, and more.
The report provides a comprehensive background analysis of the Singapore Transportation Infrastructure Construction market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. Additionally, the COVID-19 impact has been incorporated and considered during the study.
Singapore's transportation infrastructure construction market is segmented by type (roadways, railways, airports, ports, and inland waterways).
The report offers market size and forecasts for the transportation infrastructure construction market in value (USD) for all the above segments.
| By Mode | Roadways |
| Railways | |
| Airways | |
| Ports and Inland Waterways |
By Mode
| Roadways |
| Railways |
| Airways |
| Ports and Inland Waterways |
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Singapore Transportation Infrastructure Construction Market Research Faqs
How big is the Singapore Transportation Infrastructure Construction Market?
The Singapore Transportation Infrastructure Construction Market size is expected to reach USD 4.76 billion in 2025 and grow at a CAGR of 4.07% to reach USD 5.81 billion by 2030.
What is the current Singapore Transportation Infrastructure Construction Market size?
In 2025, the Singapore Transportation Infrastructure Construction Market size is expected to reach USD 4.76 billion.
Who are the key players in Singapore Transportation Infrastructure Construction Market?
Woh Hup Holdings Pte Ltd, Shimizu Corporation, Jurong Engineering Limited, Hyundai Engineering & Construction Co. Ltd. and Obayashi Singapore Private Limited are the major companies operating in the Singapore Transportation Infrastructure Construction Market.
What years does this Singapore Transportation Infrastructure Construction Market cover, and what was the market size in 2024?
In 2024, the Singapore Transportation Infrastructure Construction Market size was estimated at USD 4.57 billion. The report covers the Singapore Transportation Infrastructure Construction Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Transportation Infrastructure Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Singapore Transportation Infrastructure Construction Industry Report
Statistics for the 2025 Singapore Transportation Infrastructure Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Transportation Infrastructure Construction analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
