The data on road infrastructure maintenance in Canada, expressed in billion Euros, shows varied trends over time. Between 2013 and 2023 there was a notable fluctuation in values, with significant drops in 2016 and 2018, and peaks in 2015 and 2017. By 2023, the value had diminished to 3.9867 billion Euros, reflecting a steady decline over the recent years.
Year-on-year variations highlight this volatility, with substantial drops almost every alternate year and minor growth phases in between. The last two years saw negative growth rates close to -2%, indicative of stagnation. The forecast from 2024 onwards predicts continuous declines, with the five-year CAGR standing at -2.02%, and an overall reduction of 9.68% expected by 2028.
Future trends to watch include policy changes in infrastructure investment, advancements in maintenance technology, and economic factors that might influence government budgets. Sustainability initiatives and climate resilience measures might also play a crucial role in shaping future allocations for road infrastructure maintenance.
