In 2023, the share of road infrastructure investment in total inland transport infrastructure investment in Canada was beneath the projected 82.5% for 2024, indicating a continued emphasis on road projects. The forecast reveals a gradual year-on-year decrease, dropping to 80.46% by 2028. This represents a continuous decline in the share of investment in road infrastructure, showcasing a diversification of transport infrastructure spending. This change reflects Canada's strategy to possibly balance investments between road and other transport sectors.
Future trends to watch for:
- Emerging emphasis on sustainable and multimodal transport infrastructure solutions.
- Potential policy shifts towards railway and public transit investments to reduce environmental impacts.
- Funding dynamics influenced by federal and provincial government initiatives to modernize transport systems.