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Railway construction projects

The global railway projects pipeline is worth $5.83tn, according to GlobalData. Railway Technology’s railway construction projects dashboard provides analysis and insights into global railway construction projects, the railway construction project pipeline by value and volume, and the construction momentum index for rail projects.

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GlobalData's Construction Intelligence Center is the complete source of project, market, company and theme intelligence for the global construction sector.

Rail construction project pipeline volume by country

Railway Technology provides insight into the number of new railway projects in the world by country and stage of development.

As at the start of 2022, Railway Technology had identified 3,026 railway projects over $25m at various stages of development, including 1,219 in execution.

By country, China was home to the highest number of railway projects with 614 projects, followed by India and the US with 310 and 209 projects, respectively.

Railway construction project pipeline value by country

Railway Technology provides an analysis of the total investment value of railway projects by country and stage of development, based on GlobalData’s construction projects database.

The total pipeline of new railway construction projects over $25m had a combined value of $13.20tn at the start of 2022.

By country, China had the largest pipeline of over $25m new railway projects, worth a total of $3.38tn, followed by the US and Singapore with $921.36bn and $780.90bn, respectively.

China had railway construction projects in the execution phase worth $211.90bn, followed by Singapore with $738.12bn and the US with $470.90bn in 2021.

Global railway construction projects momentum index

The momentum index is based on scoring the latest developments on projects from +5 to -5 based on the degree to which a development is positive, such as construction commencing or a contract awarded, or negative, such as delays or cancellations. The overall momentum score is the average score of all project developments in each month, weighted by the project values.

The railway construction projects momentum index, which is based on GlobalData’s construction projects database, depicts the monthly and trend scores of projects.

Monthly score is the average event score for all project developments in each month, while the trend score is the three-month moving average of the monthly score.

Top 100 global railway construction projects

Railway Technology lists the world’s biggest rail projects by value, based on GlobalData’s research data.

High Speed 2 Rail Link, UK, High-Speed Rail Line, US, and Trans-Asean Railway Line, Thailand topped the list of the world’s 100 biggest rail projects by value as of May 2022. The top five rail projects had a combined value of $360.8bn.

Project Name Project Value(US$ m) Project Owner Location Stage
High Speed 2 Rail Link 86,000 High Speed Two Hs2 Ltd United Kingdom Execution
High-Speed Rail Line 80,300 California High-Speed Rail Authority United States Execution
Trans-Asean Railway Line 67,300 Ministry of Transport, Thailand Laos;Thailand;Cambodia;China;Singapore;Malaysia Execution
Tokyo to Nagoya Maglev Railway Line 65,222 Central Japan Railway Co Japan Execution
Gwadar–Kashgar Railway Line 62,000 Ministry of Railways, China;Ministry of Railways, Pakistan Pakistan;China Planning
Northern Powerhouse Rail 52,280 Department for Transport (DfT), UK;High Speed Two Hs2 Ltd;Network Rail Ltd;Transport for the North United Kingdom Planning
Tel Aviv Underground Metro System 45,527 NTA - Metropolitan Mass Transit System Israel Planning
Dalian-Yantai Undersea Railway Tunnel 42,395 State Council Of China China Planning
CST Freight Metro Tunnel 38,828 Forderverein Cargo Sous Terrain Switzerland Planning
Lyon-Turin High Speed Rail 38,080 Lyon Turin Ferroviare (LTF) Italy;France Execution
Lyon-Turin High Speed Rail 38,080 Lyon Turin Ferroviare (LTF) Italy;France Execution
Grand Paris Express Metro Rail 37,415 Societe du Grand Paris (SGP) France Execution
Melbourne Suburban Rail Loop 36,666 Rail Projects Victoria;Victoria Government Australia EPC Award
New Moscow Metro Line Development 34,000 SUE Moscow Metro Russia Execution
Delhi to Chennai High-Speed Railway Line 32,300 High Speed Rail Corporation of India;Rail Vikas Nigam Ltd India Study
Paris-Normandie New Railway Line 32,119 SNCF Reseau France Planning
Cross Island MRT Line 28,978 Land Transport Authority of Singapore Singapore EPC Award
Chuo Shinkansen Maglev Line Expansion: Nagoya to Osaka Section 28,400 Central Japan Railway Co Japan Planning
Riyadh Metro 24,800 The Royal Commission for the City of Riyadh Saudi Arabia Execution
Crossrail Line I 23,770 Bechtel Corp;Crossrail Ltd United Kingdom Execution
Dubai Metro 23,000 Dubai Roads & Transport Authority United Arab Emirates Execution
Treno ad Alta Velocita High Speed Railway Line 22,600 Rete Ferroviaria Italiana Spa;SNCF Reseau France;Italy Execution
Mumbai-Nagpur High-speed Rail Corridor 21,322 Ministry of Railways, India India Planning
Hyperloop One Network 21,000 Government of Finland;Government of Sweden Finland;Sweden Study
Chennai-Bangalore-Coimbatore-Ernakulam-Thiruvananthapuram High-Speed Rail Corridor 20,000 Ministry of Railways, India India Study
Sydney Metro West 19,631 Transport for NSW Australia EPC Award
Delhi-Jaipur-Ajmer-Jodhpur High-Speed Rail Corridor 18,300 Ministry of Railways, India India Planning
Zhengzhou-Wanzhou Railway Line 18,189 China National Railway Group Co Ltd;Zhengzhou Railway Bureau China Execution
Ho Chi Minh City Metro Rail System 18,000 Management Authority for Urban Railways Vietnam Execution
Dublin-Belfast High-Speed Rail Link 17,826 Iarnrod Eireann - Irish Rail;Northern Ireland Railways Company Limited Ireland;United Kingdom Study
Budapest to Constanta High Speed Rail Link 17,814 Ministry of National Development, Hungary;Ministry of Transport and Construction, Romania Hungary;Romania Planning
Mumbai to Ahmedabad High-Speed Rail Corridor 17,201 National High Speed Rail Corp Ltd India Execution
Tehran Metro Line 17,000 Tehran Urban & Suburban Railway Company (TUSRC) Iran Design
Tallinn to Helsinki Undersea Railway Tunnel 16,681 Harju County Government;Helsinki City Council;Helsinki-Uusimaa Regional Council;Ministry of Economic Affairs and Communications, Estonia;Ministry of Transport and Communications, Finland;Tallinn city Government Estonia;Finland Planning
Dar Es Salaam-Isaka-Kigali/Keza-Musongati Railway Line 16,000 Reli Assets Holding Co Ltd;Rwanda Transport Development Agency Burundi;Tanzania;Rwanda Execution
Hyderabad-Dornakal-Vijayawada-Chennai High Speed Rail Corridor 16,000 Ministry of Railways, India India Planning
Chennai Metro Rail 14,887 Chennai Metro Rail Ltd India Execution
Guangzhou Metro Line 28 14,635 Guangzhou Metro Group Co Ltd China Planning
Shatin–Central Railway Link 14,500 MTR Corp Ltd Hong Kong Execution
Tel Aviv Light Rail System 14,000 Ministry of Transport, National Construction and Road Safety, Israel;NTA - Metropolitan Mass Transit System Israel Execution
Bangkok to Chiang Mai High Speed Railway Line 13,557 State Railway of Thailand Thailand Planning
Guangzhou-Shanwei-Shantou High-Speed Passenger Rail Line 12,484 Guangdong ProvIncial Department of Transport China Execution
Trans-Hudson Tunnel Development 12,300 Gateway Program Development Corporation;National Railroad Passenger Corp;New Jersey Transit;The Port Authority of New York and New Jersey United States Pre-Design
Guangzhou-Zhanjiang High-Speed Railway 12,228 Guangdong Zhujiang Investments Co Ltd China Execution
Mumbai Metro Rail Development 12,000 Mumbai Metropolitan Region Development Authority India Execution
Dhaka to Chittagong High-Speed Rail Line 11,000 Ministry of Railways, Bangladesh Bangladesh Design
Bohai Rim Intercity Rail Transit 10,650 China National Railway Group Co Ltd China Execution
Melbourne Metro Rail Tunnel 10,556 Melbourne Metro Rail Authority;The Department of Transport, Victoria Australia Execution
St. Louis to Kansas City Hyperloop Track 10,400 Virgin Hyperloop One United States Planning
Yancheng-Taizhou-Wuxi-Changzhou-Yixing Intercity Rail Line 9,933 China National Railway Group Co Ltd China Planning
Bogota Metro System 9,600 Metro De Bogota Colombia Execution
Jakarta Mass Rapid Transit 9,500 PT Mass Rapid Transit Jakarta Indonesia Execution
Purple Line Extension 9,300 Los Angeles County Metropolitan Transportation Authority United States Execution
Navi Mumbai Metro Rail 9,098 City and Industrial Development Corporation of Maharashtra Ltd India Execution
Beijing Metro Line 22 (Pinggu Line) 8,866 Beijing Construction Investment Co Ltd;Beijing MTR Construction Administration Corporation China Execution
Eglinton to Scarborough Crosstown LRT 8,400 Metrolinx Canada Execution
Montreal Metropolitan Light Rail Line Extension 8,209 City of Montreal;Government of Quebec;Ministry of Transport, Quebec Canada Planning
Bangkok Metro Orange Line 7,860 Mass Rapid Transit Authority of Thailand Thailand Execution
Fehmarn Belt Fixed Link 7,584 Femern AS Germany;Denmark Execution
Saudi Land Bridge Railway Line 7,000 Saudi Railway Co Saudi Arabia Pre-Tender
Chengdu Metro Line 16 6,640 Chengdu Metro Co Ltd China Planning
Jining Metro Line 1 5,999 Jining Urban Rail Transit Co Ltd China Planning
Bangkok to Ubon Ratchathani High-Speed Railway Line 5,988 State Railway of Thailand Thailand Planning
Bangkok to Padang Besar High-Speed Railway Line 5,755 Ministry of Transport, Malaysia;State Railway of Thailand Malaysia;Thailand Study
Dulles Corridor Metrorail 5,686 Washington Metropolitan Area Transit Authority United States Execution
Lima Metro Line 2 5,659 Autorida Autonoma del Tren Electrico (AATE) Peru Execution
Chengdu Metro Line 12 5,358 Chengdu Metro Co Ltd China Planning
Chengdu Metro Line 15 5,066 Chengdu Metro Co Ltd China Planning
Afghanistan-Pakistan-Uzbekistan-Russia Rail Link 5,000 Ministry of Transport, Afghanistan Afghanistan;Uzbekistan;Pakistan;Russia Planning
Taipei MRT: Circular Line Phase II 4,618 Department of Rapid Transit Systems, Taipei City Government Taiwan Execution
Scarborough Subway Extension Line 2 4,560 Ministry of Transportation, Ontario Canada Execution
Zhengzhou Metro Line 9: Phase II 4,235 Zhengzhou Rail Transit Co Ltd China Planning
Chizhou-Jiujiang Intercity Railway 4,006 China National Railway Group Co Ltd China Planning
Delhi-Agra-Lucknow-Varanasi-Patna High Speed Rail Corridor 4,000 Ministry of Railways, India India Planning
Wollongong-Sydney Railway Line Upgrade 3,890 Transport for NSW Australia Planning
Trelleborg to Stralsund Railway Tunnel 3,662 Trafikverket (Swedish Transport Administration) Sweden;Germany Planning
Quanzhou Metro Line 2 3,600 Quanzhou Rail Transit Group Co Ltd China Planning
Caulfield to Rowville Light Rail 3,582 The Department of Transport, Victoria Australia Planning
Jinchengjiang-Nanning Railway Line 3,569 Ministry of Railways, China China Execution
East Kalimantan to Central Kalimantan Coal Rail Line 3,558 Ministry of Transportation, Indonesia Indonesia Planning
Huizhou Metro Line 4 3,500 Guangdong Huizhou Communications Investment Group Co Ltd China Planning
Qingdao Metro Line 10 3,460 Qingdao Metro Group Co Ltd China Planning
Huai'an-Xinyi High-Speed Railway Line 3,437 Government of China China Study
Shaoxing Metro Line 5 3,336 Shaoxing Urban Transit Group Co Ltd China Planning
Jammu to Poonch Rail Line 3,267 Ministry of Railways, India India Planning
Taiyuan Metro Line 1: Phase I 3,148 Taiyuan Metro Construction Management Office China Execution
Yangzhou Metro Line 1 3,052 Yangzhou Government China Planning
Tavan Tolgoi to Choibalsan Railway Line 3,000 Mongolian Railways Mongolia Execution
Gwadar-Khunjrab Railway Link 3,000 Ministry of Railways, China;Ministry of Railways, Pakistan China;Pakistan Planning
Handan Metro Line 5 2,831 Handan People's Government China Study
Ciudad del Este to Pilar Railway Line 2,800 Ministry of Public Works and Communications, Paragua Paraguay Study
Reseau Express Grand Lille Railway Line Development 2,780 Regional Council Nord-Pas de Calais France Planning
Harbin Metro Line 9 2,772 Harbin Metro Group Co Ltd China Planning
Dalat Urban Monorail 2,674 Ministry of Transport and Communications, Vietnam Vietnam Planning
Shijiazhuang Metro Line 4 2,457 Shijiazhuang Metro China Planning
Yangzhou Metro Line 5 2,200 Yangzhou Government China Planning
Mount Isa To Tennant Creek Rail Link 2,183 Australian Transport and Energy Corridor Ltd (ATEC);Avenira Ltd Australia Planning
Baan Phai-Maha Sarakham-Mukdahan-Nakhon Phanom Railway Line 2,098 State Railway of Thailand Thailand EPC Award
Luzhou Metro Line 2: Phase I 2,045 Sichuan Government China Planning
Metro System Expansion Line F 2,000 Subterraneos de Buenos Aires S.E. (SBASE) Argentina Planning
Shantou Metro Line 1 2,000 Shantou Municipal Government China Planning
Metro Line IV Development 1,974 BKV Rt. DBR Metro Projekt Igazgatosag Hungary Planning
Source: GlobalData Construction Projects Database

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