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Singapore Transportation Infrastructure Construction Market Trends

Statistics for the 2023 & 2024 Singapore Transportation Infrastructure Construction market trends, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. Singapore Transportation Infrastructure Construction trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Singapore Transportation Infrastructure Construction Industry

Metro Expansion in the Country

The ambitious expansion of Singapore’s metro system continues to provide choice contracts for domestic firms and foreign ones with track records in the city-state.

In January 2022, the country’s Land Transport Authority (LTA) awarded two civil contracts for the design and construction of Cross Island Line Phase 1 (CRL1) stations and tunnels at a combined contract value of USD 110.5 million. The contracts went to a Singaporean firm and a Japanese one.

Twenty-nine kilometers in length and with 12 stations, the Cross Island Line is Singapore’s eighth. It will serve existing and future developments in the eastern, northeastern, and western corridors, linking hubs such as Jurong Lake District, Punggol Digital District, and Changi region. Nearly half of its stations will connect with other rail lines, increasing connectivity for commuters.

The first contract for the design and construction of Serangoon North station and tunnels has been won by Singaporean firm Hock Lian Seng Infrastructure at a contract value of USD 58.3 million.

Hock Lian Seng built the Kim Chuan Depot and Marina Bay station for the Circle Line and is currently involved in building Maxwell station along the Thomson-East Coast Line (TEL).

The second contract, for the design and construction of Tavistock station and tunnels, has been awarded to Japanese infrastructure company Sato Kogyo at a contract value of USD 407 million.

With long experience in Singapore, the company built Bencoolen and Mattar stations on the Downtown Line as well as Upper Thomson station on the TEL.

Singapore Transportation Infrastructure Construction Market: Daily ridership of Mass Rapid Transit (MRT) system, In 1000s, Singapore, 2015-2022

Resumption of work at T-5 of Changi Airport

After a gap of two years due to the pandemic, the construction of Changi Airport Terminal 5 (T5) in Singapore is back on track – this time with a new modular design and improved resilience and sustainability measures. The first phase of construction is expected to start around 2024, with T5 set to open in the mid-2020s. The new terminal will be built in the same land area as the existing Changi Airport (1,080ha) in Changi East. Designed to accommodate around 50 million passengers annually, T5 has the flexibility to build in two phases as traffic volumes increase. The additional capacity provided by T5 is expected to bolster Changi Airport's position as a regional and global hub.

The Changi Airport infrastructure comprises the passenger terminals, the runways, the taxiways, the maintenance buildings and services, and the ground support equipment. Changi Airport’s four existing passenger terminals can accommodate 82 million passengers annually. Terminal 5 is expected to accommodate 50 million passengers annually upon completion.

Singapore Transportation Infrastructure Construction Market: Number of passengers in transit at Changi Airport, In Millions, Singapore, 2010-2022

Singapore Transportation Infrastructure Construction Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)