INVESTMENT IN RAILWAY INFRASTRUCTURE AND ROLLING STOCK

1
INVESTMENT IN RAILWAY INFRASTRUCTURE AND ROLLING
STOCK

• Report by the secretariat
• Item 7 (a) of the provisional agenda

2
Main trends in the ECE region

• Acceleration of transport infrastructure
  investment (2003-7)
• New EU member states
• SEE candidate countries
• Resource-rich EECCA countries
• Steady investment levels in Western Europe and
  North America
• Source ITF

3
Chart 1 Rail sector's share in inland transport
infrastructure investment,
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Effects of the economic crisis

• GDP and investment levels down in most ECE
  economies
• Fiscal stimulus packages in some large ECE
  countries include railway projects
• Railway investment levels down in new EU states
• But still strong in Russia and Turkey

5
Financing in the post-crisis period

• Fiscal consolidation expected in most ECE
  countries
• Less public funds for railway infrastructure
  investment
• PPP projects could reduce the funding gap
• More accessions to the Luxembourg Rail Protocol
  could boost private financing of rolling stock

6
Chart 2 Structure of PPP transport infrastructure
investment in ECE emerging market
economies 1993-2007, per cent

• Source PPI database, World Bank.