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Home Automotive

The US and Japan concentrate the bulk of investment in road works in the OECD

by souhaib
January 25, 2023
in Automotive
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The Organization for Economic Cooperation and Development (OECD) released a report that evaluates the consolidation of the resources destined for the treaty of highways and first and second level road corridors between 2020 and 2021, as a prelude to the Works meeting Public of the block in February of this year.

Before the countries of the club of good practices sit down to review the figures of what 2022 was, they will have on the table the balances of the two previous years in which for the first time, the majority of the nations of the bloc have results in more than 1,000 million dollars for road works.

The bulk of the investment is made by the leading economies of the OECD, for example, the United States alone in those two years moved 93.962 million dollars between public and private investments, reaching a record in the road infrastructure of that area.

The American Union focused on the development of new routes that cross people from east to west, as well as corridors dedicated to cargo transport that cut the average time of tractor-trailers and heavier vehicles by 30%.

In the case of Japan, there was a revolt in terms of road maintenance, they also designed priority corridors for those who want to pay for shorter routes compared to traditional national highways, the Japanese between 2020 and 2021 closed with resources for the sector for almost 33,000 million Dollars.

The initiatives of Germany and Australia are reduced by half, but they are still one of the strongest among OECD countries, the European country, for example, allocated 16.050 million dollars after the implementation of megaprojects to connect the north and south of the country in times up to 40% lower than the current ones, as well as other amounts for the execution of alternative transport such as train rails and subways. And in the case of the Australians, with the inauguration of the Recorridos 2030 project, a 10-year plan for 14.7 billion dollars began.

In Latin America, the only one with movements above 1,000 million dollars is Mexico, with 1,532 million, while the closest are Chile and Brazil with 890 million and 660 million dollars, respectively. Colombia does not stand out precisely because it is the one with the greatest resources for road transformation, since the ranking leaves it in the last positions with 550 million dollars.


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