The investment in road infrastructure in Malta has shown notable growth over the last decade. Starting from EUR 10.65 million in 2013, the actual investment reached EUR 245.7 million by 2023. This represents an extraordinary compound annual growth rate (CAGR) of 30.43% over this period. The year-on-year variations reveal periods of both rapid growth and minor declines. Particularly significant growth spurts include a 134.3% increase in 2018 and a 48.17% increase in 2021, indicating strong government commitment and perhaps European Union funding inflows during these years. However, there were also noteworthy drops such as an 18.35% decline in 2016.
Looking forward from 2024, the forecasted data suggests continued growth, with investments projected to rise consistently, reaching EUR 436.29 million by 2028. The forecasted CAGR for the upcoming five years (2024-2028) is 8.95%, indicating a stable and sustained increase, albeit at a slower pace compared to the preceding decade.
Future trends to watch for include:
- Potential impact of economic factors such as inflation and EU funding schemes on investment levels.
- Technological advancements in construction increasing cost-efficiency.
- Government policy changes prioritizing sustainability and smart infrastructure.
