Road & Highway Construction in Canada - Market Research Report (2014-2029)

The industry builds, expands, alters and reconstructs roads, highways, streets and runways for the public and private sectors. Road and highway construction is largely driven by government spending on infrastructure, notably through the New Building Canada Plan, which was a long-term program passed as part of budget 2013, and the Investing in Canada Plan, which replaced it within the last five years. The Investing in Canada Plan reflects the Trudeau administration's priorities, placing an emphasis on public and active transportation over roads and highways. This has led revenue to decline at a CAGR of 4.7% to $14.3 billion over the five years through 2024, when revenue is set to fall 0.2%.