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INVESTMENT IN RAILWAY INFRASTRUCTURE AND ROLLING STOCK

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

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INVESTMENT IN RAILWAY INFRASTRUCTURE AND ROLLING STOCK

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  1. INVESTMENT IN RAILWAY INFRASTRUCTURE AND ROLLING STOCK Report by the secretariat Item 7 (a) of the provisional agenda

  2. 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

  3. Chart 1 Rail sector's share in inland transport infrastructure investment, %

  4. 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

  5. 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

  6. Chart 2 Structure of PPP transport infrastructure investment in ECE emerging market economies 1993-2007, per cent • Source: PPI database, World Bank.

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