Swiss Government Concentrates On Road And Rail Projects
The Swiss construction industry is expected to record marginal growth between 2019 and 2023, supported by investment in commercial, institutional, residential and renewable energy projects.
To reduce traffic congestion in the country, the Swiss Government is focusing on the development of road and rail transport infrastructure. For the expansion of the road network, the government plans to spend CHF 16 billion (US$ 16.5 billion) during the period of 2018–2028. In 2018, the government also launched the new Motorway and Agglomeration Traffic Fund to finance road development works across the country.
The construction industry’s output value, in real terms, is expected to rise at a compound annual growth rate (CAGR) of 1.51% over the forecast period. The industry is consequently expected to rise from a value of US$ 80 billion in 2018 to US$ 86.2 billion in 2023, measured at constant 2017 US dollar exchange rates.
The commercial construction accounted for 19.8% of the industry’s total output in 2018, followed by infrastructure construction with 19.4%, industrial construction with 9.5%, energy and utilities construction with 9.2%, and institutional construction with 8.6%.
Civil Engineering & Construction Review is a leading monthly news journal, launched in 1988, at New Delhi, India by Trend-Set Engineers Pvt. Ltd. Its dedication to reader satisfaction and also towards fulfilling the ever - growing needs of the construction profession, makes CE&CR the first choice of all those connected with the construction industry.