Canada - Transport and Logistics: Infrastructure development to drive growth (Strategy, Performance and Risk Analysis)
A well-established transportation network and trade corridors, optimize Canada’s competitiveness in the global market. The Asia-Pacific Gateway and Corridor, Ontario-Quebec Continental Gateway, and Atlantic Gateway and Trade Corridor constitute the main trade corridors. The Asia-Pacific Gateway plays a vital role in establishing a transportation network between Asia and North America. The Ontario-Quebec Continental Gateway provides key gateway facilities throughout the territory and is a component of the country’s multimodal transportation system. The Atlantic Gateway and Trade Corridor connects North America to the European, Caribbean and European markets.
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Growing investments towards transportation infrastructure to support the industry
In Canada, total road length recorded a CAGR of 9.3%, rising from 1.3 million km in 2012 to 2.0 million km in 2017, and is anticipated to post a CAGR of 10.9%, from 2.2 million km in 2018 to 3.4 million km in 2022. The increase is due to major infrastructure projects focusing on the construction of roads and bridges.
Government investments made towards transport infrastructure to help drive GVA
Globally, transport and logistics GVA recorded a CAGR of 2.6%, from US$3.2tn in 2012 to US$3.7tn in 2017, and is anticipated to post a CAGR of 5.7%, from US$3.9tn in 2018 to US$4.8tn in 2022. The increase is primarily due to the expansion of freight traffic and volume in the US, China and India.
Increase in number of passenger cars to drive fleet growth
Globally, the size of the active road fleet recorded a CAGR of 4.2%, rising from 1.0 billion vehicles in 2012 to 1.3 billion in 2017, and is anticipated to post a CAGR of 5.5%, from 1.3 billion vehicles in 2018 to 1.7 billion in 2022. This will be due in part to an increase in the volume of private vehicles as a result of growing disposable incomes in China, India, Brazil and South Africa.
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