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The Taiwan bridges and tunnels market is expected to reach USD 10 billion by 2027, growing at a CAGR of 5.2% from 2022 to 2027. The market is driven by the government's infrastructure development plans, increasing urbanization, and rising traffic congestion.
The Taiwan government is the largest procurer of bridges and tunnels in the country. In 2021, the government procured USD 2 billion worth of bridges and tunnels. The government's procurement process is open and transparent, and it offers a number of incentives to attract foreign companies.
The main bridges and tunnels products and services procured by the Taiwan government include:
Design and construction of bridges and tunnels
Maintenance and repair of bridges and tunnels
Traffic management systems for bridges and tunnels
Safety and security systems for bridges and tunnels
The top authorities for Taiwan bridges and tunnels procurement are:
Ministry of Transportation and Communications (MOTC)
Taiwan Infrastructure Development Corporation (TIDC)
Highway Bureau of the Ministry of Transportation and Communications (HB)
Taiwan High Speed Rail Corporation (THSRC)
The top winners of Taiwan bridges and tunnels procurement are:
China Steel Corporation
Evergreen Group
Tung Yang Group
RSEA Engineering Corporation
Weidi Corporation
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