Search and Filter Through Our Comprehensive Database of Underground (Subway) Rail Projects and Tenders in Canada
Identify and track latest underground (subway) rail projects (upcoming, ongoing/under-construction, completed), tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Canada.
Canada Underground (Subway) Rail Industry Analysis
Canada has a well-established transportation system, including subway and underground rail systems in major cities. The largest subway system is in Toronto, followed by Montreal, Vancouver, and Calgary. The construction of subway and underground rail systems in Canada is usually the responsibility of the respective city government.
Currently, the subway and underground rail systems construction projects industry in Canada is facing some challenges due to the COVID-19 pandemic. The pandemic has led to a decline in ridership, resulting in decreased revenue for transportation authorities. As a result, some projects have been delayed or put on hold, and funding has become a major issue.
Despite these challenges, the industry outlook in Canada is generally positive. The federal government has committed to investing in infrastructure projects, including transportation, as part of its economic recovery plan. Additionally, many cities have plans to expand their existing subway and underground rail systems to accommodate population growth and reduce traffic congestion.
One example of such expansion is the Toronto Transit Commission's (TTC) Line 5 Eglinton subway project, which is expected to be completed in 2022. The project includes a 19-kilometer underground light rail line that will run along Eglinton Avenue, connecting the east and west ends of Toronto. The project is estimated to cost USD 5.3 billion and is expected to serve approximately 100,000 passengers per day.
In Montreal, the city's new underground transit network, known as the REM, is currently under construction. The network will include 26 stations and cover a distance of 67 kilometers, connecting Montreal to its suburbs. The project is expected to be completed by 2024 and is estimated to cost around USD 6.3 billion.
In Vancouver, the SkyTrain system, which is the longest fully automated rapid transit system in the world, is undergoing expansion with the construction of the Broadway Subway project. The project includes a 5.7-kilometer extension of the Millennium Line from VCC-Clark Station to Broadway and Arbutus, with six new stations. The project is expected to be completed by 2025 and is estimated to cost around USD 2.8 billion.
Overall, the subway and underground rail systems construction projects industry in Canada is expected to continue growing in the coming years, driven by population growth, urbanization, and the need to reduce traffic congestion. However, the industry will also face challenges related to funding, especially in the aftermath of the COVID-19 pandemic.
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