Between 2013 and 2023, Spain's rail infrastructure investment showed considerable fluctuations. The peak was in 2014 at €3.042 billion, followed by a downward trend with slight upticks in 2017 and 2019. From 2020 onwards, there has been a steady decline, with a notable decrease in 2023 to €1.3884 billion, marking an 11.1% year-on-year reduction.
In the last five years (2019-2023), the rail infrastructure investment witnessed a Compound Annual Growth Rate (CAGR) of -8.53%. Looking ahead, forecasts predict further declines, with a significant contraction expected over the next five years (2024-2028) with a forecasted CAGR of -16.72% and an overall reduction of approximately 59.93% by 2028.
Future trends to watch for include:
- Potential policy changes and government initiatives in transport infrastructure.
- The impact of economic factors such as GDP growth, budget allocations, and public-private partnerships.
- Technological advancements and their influence on cost-efficiency and sustainable practices in rail infrastructure projects.
