The road infrastructure maintenance in Canada stood at €3.9867 billion in 2023. This represents a slight decrease of approximately 2.24% compared to the previous year, continuing a trend of modest annual declines since 2019. Over the last two years, the sector has experienced a cumulative decline of about 4.47%. Evaluating a more extended period, the Compound Annual Growth Rate (CAGR) over the last five years is -2.02%, further indicating a persistent downward trend.
Looking forward, forecasts suggest continued declines in road infrastructure maintenance expenditures, with the investment expected to decrease to €3.5103 billion by 2028. This projected decline represents a forecast 5-year growth rate of -9.68%, highlighting the enduring trend of reduced spending. The future CAGR for the next five years is expected to be -2.02%, reflecting the ongoing downward trajectory.
Future trends to watch for include potential policy changes that could alter funding allocations for road maintenance, technological advancements that might improve maintenance efficiency, and environmental considerations that could impact the types and durations of maintenance activities. These factors could influence future investment levels in Canada’s road infrastructure maintenance.
