In 2023, wages and salaries in the construction of railways and underground railways in France stood at an estimated €145.4 million, marking a starting point for the forecasted data. From 2024 to 2028, projections indicate a consistent annual decrease in these expenditures, dropping from €137.7 million in 2024 to €108.2 million by 2028. This represents a year-on-year decline, with notable reductions during the period. The Compound Annual Growth Rate (CAGR) highlights a significant trend with an average yearly decrease in wages and salaries over the five-year span.
Future trends to watch for:
- Potential policy changes impacting employment and budget allocations in railway projects.
- Technological advancements possibly reducing labor requirements in construction.
- Macroeconomic factors affecting overall industry cost structures and investment levels.