LONDON--(BUSINESS WIRE)--Technavio, a tech-focused research firm published a new report on the railway infrastructure spending in China, which is expected to grow at a CAGR of almost 27% from 2015-2019.
According to the new Technavio report, the increase in government initiatives toward developing infrastructure and boosting investment opportunities in the railway infrastructure will trigger market growth. In October 2014, the government launched the Asian infrastructure investment bank to promote investments in infrastructure development in China and other Asian countries.
“The government is burdened by high debts in the infrastructure sector, hence, it is encouraging private investment in energy and transport infrastructure through the BOT model,” says Faisal Ghaus, Vice President of Technavio.
The report also highlights that to attract private investment in railway infrastructure, the government liberalized rail freight prices, stimulating the growth of railway spending and the demand for rail transportation in the country. In April 2014, the national development and reform commission approved liberalization of freight railway fees based on the market demand, which was earlier controlled solely by the government.
“Additionally, in December 2014, the government deregulated the price control on rail cargo, railway parcel shipping, and passenger fares,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Railway Infrastructure Spending Market in Saudi Arabia 2015-2019
- Railway Infrastructure Spending Market in Brazil 2015-2019
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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