In 2023, the length of standard gauge railway lines in Canada stood at approximately 61.40 thousand kilometers. The forecasted data shows a gradual year-on-year decline from 2024 to 2028. From 2024 to 2025, there is a decrease of 0.13%. The trend continues with a decline of 0.15% from 2025 to 2026, 0.13% from 2026 to 2027, and 0.13% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is about -0.13%.
Future trends to watch for:
- Investment in railway infrastructure could alter the current trend, potentially introducing new projects or extensions to existing lines.
- Technological advancements and environmental policies may impact the maintenance and development of railway networks.
- Integration with other transport modalities, like high-speed rail, could necessitate changes in the standard gauge network.