Download 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
• Steady investment levels in Western
Europe and North America
• Source: ITF
Chart 1
Rail sector's share in inland transport infrastructure investment, %
60
50
40
1995
2000
2007
30
20
10
0
Western Europe
CEEC
Russian Federation
Turkey
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
Airports
•Source: PPI database, World Bank.
Rail
Road
Seaports