The expenditure on railway infrastructure in Turkey demonstrated significant volatility from 2013 to 2023, fluctuating extensively from year to year. Notably, there was a dramatic increase of 55.56% in 2013, followed by substantial decreases in 2014 and 2015. Key upward shifts occurred in 2016 with a 66.57% surge and in 2021 with a remarkable 75.91% rise. The expenditure in 2023 reached 9.18 Billion New Turkish Liras, reflecting a moderate year-on-year increase of 3.31%. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was an average of 3.72% per year. This period was marked by fluctuating investments but trending towards growth.
Future expenditure forecasts indicate steady growth, with the value projected to reach 10.69 Billion New Turkish Liras by 2028, demonstrating a Five-Year CAGR of 2.45% and a total forecasted Five-Year Growth Rate of 12.85% from 2024 to 2028. Key trends to watch include consistent government investment, potential impacts of economic conditions, and technological advancements in railway infrastructure development.
