The forecast for Canada's Standard Gauge Non-Electrified Railway Lines indicates a declining trend from 2024 to 2028 with a slight year-on-year reduction. In 2023, the actual length was 61.40 thousand kilometers, and by 2028, it's projected to be 60.99 thousand kilometers, demonstrating a modest but consistent yearly decrease.
Year-on-year variation for 2024 and 2025 is forecasted at approximately -0.13% and for 2025 to 2026 at around -0.15%. The Compound Annual Growth Rate (CAGR) over these five years is estimated to be -0.13%, highlighting a gradual contraction.
Future trends to watch for include:
- Potential shifts in transportation policy that could impact railway investment.
- Technological advancements in railway infrastructure could alter these forecasts.
- Emerging sustainability initiatives may influence non-electrified railway usage.