The road infrastructure investment in Turkey has seen significant fluctuations over the past decade. From 2013 to 2015, investments increased notably, reaching a peak in 2015, followed by a decline in 2016 and 2017. There was a resurgence in 2018 but subsequent years saw a diminishing pattern, particularly steep from 2021 onward. In 2023, investment per inhabitant stood at 57.86 USD.
Year-on-year variations over the last two years show a reduction in investment, with a -12.3% decline in 2023 and a 9.84% increase in 2022. Over the past 5 years, the CAGR indicates an average annual decrease of -14.23%, reflecting the downward trend in road infrastructure investment.
Forecasts for 2024 and beyond predict a continued decrease, with a forecasted CAGR of -8.73% for the next five years and an overall 36.68% reduction by 2028.
Future trends to watch for include potential impacts of economic conditions, governmental policy changes, and the prioritization of road infrastructure within the national budget. Enhanced public-private partnerships and foreign investments may also play a significant role in altering this downward trend.
