Investment in Europe’s roads, railways and inland waterways has taken an upswing in recent years, particularly in eastern countries, says the International Transport Forum.
Its recently published statistics of transport trends for 43 European countries reveal that in some central and eastern European countries, including the Czech Republic, Croatia, Poland, Romania, Slovakia and Slovenia, growth in investment has accelerated strongly since 2002, rising by almost 60% in three years.Click here for larger graph.
Investment in inland transport infrastructure, which until 2001 had stagnated at around 1% of GDP, rose to 1.4% in 2004, the highest figure reported by these countries since 1990. Aid from the EU as part of the accession process for most of these countries has played a major role in these figures.Investment in western Europe has been increasingly emphasised in rail, with its investment share rising to some 38% of the total in 2004, compared with 31% in 2000. The share of road investment amounted to 61% of total investment in inland transport infrastructure in 2004 compared to 68% in 1995. This contrasts with central and eastern European countries which are now investing heavily in roads, while their investment in rail infrastructure fell to less than 16% of total investment in inland transport infrastructure in 2004 compared to 23% in 1995. Investment in roads accounted for 81% of the total in 2004 compared to 66% in 1995.
©OECD Observer No 267 May-June 2008