Key Market Indicators
**Canadian Rail Length Projected to Reach 48,450 Route-Kilometers by 2028** Canada's rail network is expected to expand to approximately 48,450 route-kilometers by 2028, up from 48,280 route-kilometers in 2023. This growth represents an average annual increase of 0.1%. Since 2019, the country's rail supply has consistently grown at a rate of 0.3% per year. As of 2023, Canada holds the fifth position globally in terms of rail network length. India, with an equivalent 48,280 route-kilometers, ranks just ahead. The top three positions are occupied by China, Russia, and India, respectively. **Rail Infrastructure Expenditure to Hit €1.7 Billion by 2028** Canada's expenditure on rail infrastructure is forecasted to reach €1.7 billion by 2028, up from €1.5 billion in 2023. This increase corresponds to an average annual growth rate of 2.4%. Since the year 2000, Canadian demand for rail infrastructure investment has grown at an average rate of 6.2% per year, reflecting a sustained commitment to enhancing the nation's rail capabilities.
