Latin America projected to invest in metro systems

Latin American countries are expected to invest some US$40 billion in metro projects by 2025, according to a report from the Inter-American Development Bank (IDB). "In total, they will build or expand more than US$40bn in 20 projects," stated the report entitled Latin America and the Caribbean in 2025. The report, Latin America and the Caribbean 2015, indicates that some of the projects include construction of line 3 and line 6 in Chilean capital Santiago's subway, expansion of Brazil's São Paulo met
April 22, 2014 Read time: 2 mins
Latin American countries are expected to invest some US$40 billion in metro projects by 2025, according to a report from the 5982 Inter-American Development Bank (IDB).

"In total, they will build or expand more than US$40bn in 20 projects," stated the report entitled Latin America and the Caribbean in 2025.

The report, Latin America and the Caribbean 2015, indicates that some of the projects include construction of line 3 and line 6 in Chilean capital Santiago's subway, expansion of Brazil's São Paulo metro line 2, construction of line 2 of Panama City's metro, expansion of Argentina's Buenos Aires line H, expansion of Mexico City's line 12 and construction of phase II of Ecuador capital Quito's US$15 billion subway project.

Aside from metro systems, the IDB expects a large-scale roll out of bus rapid transit (BRT) systems across the region. Some 60 cities in the region currently have BRT systems but this number is expected to "grow even more," to include emerging and intermediate cities.

The prevalence of non-motorised transport arrangements such as bicycle sharing or self-service systems are also expected to rise sharply by 2025.

The Mexico City Ecobici system currently reports some 30,000 journeys each day and 17 cities in the region are planning to introduce similar systems.

While public transport systems are expected to increase, so is the use of the car. The IDB predicts that Latin American cities will have roughly 140 million cars in 2025, an increase of 80 million from 2010.

For more information on companies in this article

Related Content

  • Cost benefit: Wichita eases workzone congestion
    July 8, 2019
    Achieving higher diversion rates has helped one Kansas city to make traffic flow more efficient around workzones. David Crawford examines what’s behind a 10:1 benefit-to-cost ratio in Wichita Around 10% of highway congestion in the US results from delays in workzones, leading to an estimated annual loss of $700 million in fuel costs alone. The lack of accessible real-time traffic information to help motorists minimise their inconvenience – particularly at peak times - is a major contributor. One solut
    Read More
  • Developing markets to drive commercial telematics systems to $12 billion by 2016
    May 18, 2012
    Fleet management and trailer tracking system revenues will grow at a CAGR of 19.4 per cent in the next five years, rising from about US$5 billion in 2011 to exceed $12 billion in 2016. ABI Research Telematics and Navigation Group Director Dominique Bonte comments: "While commercial telematics in developed markets such as North America and Western Europe is reaching maturity, especially in the trucking segment, the major growth in future is expected to come from developing regions where safety and security r
    Read More
  • Europe’s EasyWay project accommodates political requirements
    May 29, 2013
    The EasyWay project has evolved to take account of political developments at the European level. By Jason Barnes The European Union’s (EU’s) EasyWay ITS deployment project has its roots in the ambitions of former European Commission President Jacques Delors with regard to truly international networks for energy, information and for transport. Definition of what became known as the Trans-European Transport Network (TEN-T) began back in 1994 with seven working groups. They produced an R&D and policy framework
    Read More
  • Shaking up the taxi market with smarter ride requests
    February 24, 2016
    Timothy Compston looks at the rise of Uber and ride request mobile apps. There is little doubt that the advent of Uber has come as major shock to established taxi operators and has caused regulators, cities and DOTs to rethink current regulations so they can keep pace with the changing dynamics of the marketplace.
    Read More

Highlighted Content