BMI View: Switzerland's construction market is expected to record relatively subdued growth movingforward, a reflection of the maturity of existing infrastructure and ongoing prudent government spendingpolicies. The transport sector will remain the primary source of growth as Switzerland expands andmodernises both domestic travel links and cross-border connections with neighbouring states. There is alsohealthy demand for new residential construction projects, particularly larger apartment blocks in majorcities where the existing housing stock is under pressure.
Latest Updates And Structural Trends
A planning application for the Lugano tram train project has been submitted to the federal transport officeBundesamtes für Verkehr. The first phase involves construction of a 4km light railway passing through a2.3km tunnel to Lugano main line station. The route will then continue to Lugano city centre on a surfacealignment. The tunnel is slated to open in 2020.