Rapid Global Development Fueling Greater Demand for Rail and Transit
“Outside the U.S., we’re expecting double-digit growth over last year,” says Fred Werner, Americas Transportation Group CEO at Los Angeles-based AECOM. “It’s driven almost everywhere by the strong global economy.”
Although there is global demand for projects in all sectors, major firms are seeing particularly strong growth in transit and rail. “If you look at the last two to three years, there’s been a tremendous shift toward transit,” says Bruce Johinke, global director of markets at New York-based Parsons Brinckerhoff. “The major cities in key markets are looking at major transit systems or upgrades. Programs that had been talked about for years are finally happening.”