Public Funds and Turnkey Contracts Fuel Growing Global Subway Work
Intensifying urbanization in developing countries and worsening congestion in developed ones are driving demand for extensions and upgrades to metro systems. Financing remains a key constraint to new construction, but this is spurring innovative program management techniques.
The metro market "is not huge," says Ed Pleuva, a director of U.K.-based design firm FaberMaunsell Ltd. But growing demand is reflected by a 3% annual rise in train car sales, says Dominique Pouliquen, senior vice president of product and strategy at Paris-based Alstom Transport S.A.