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Industry revenue of »passenger rail transport, interurban« in Norway 2011-2023

Revenues of the Norwegian passenger rail transport and interurban market are projected to grow from 561 million U.S. dollars in 2011 to over 724 million U.S. dollars by 2023. Some of the major factors that have fuelled the growth include the growing investments in rail transport infrastructure that has enabled high-speed travel, cheaper fares, and the expansion of the existing network, leading to better connectivity. In 2017, the usable rail network measured 4134 kilometers in length, nearly half of which was electrified. Moreover, the volume of passenger rail transport has grown over 37 percent in the decade leading to 2016.

The government has proposed a budget of 2.9 billion U.S. dollars for the railway sector in 2020. The budget will be used for the construction of new double-track alignments, which will significantly cut travel time, as well as for projects such as the 1070 metre long bridge over Tangenvika bay, which is expected to be longest railway bridge in the country. Additionally, the government has also announced a three billion euro programme to digitalise the entire rail network in the medium to long term, in order to enhance the traffic management system. The contract has been awarded to Siemens Mobility, a subsidiary of the Siemens group.

Industry revenue of »passenger rail transport, interurban« in Norway from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Norway. The industry “passenger rail transport, interurban“ has the code “H491“.

Details on the methodology can be found here.

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Statistics on "Transport industry in Norway"

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