The Chinese traffic and transport industry offers enormous opportunities with the Chinese government planning to spend $1.5 trillion in infrastructure over the next 15 years, with a $340 billion investment in road construction.* The market opportunities are eminent with the high influence of government policies in major economic decisions regarding the investment in infrastructure. It is predicted that with the world’s ever-growing population by 2050, 85 percent of the world’s population will live in urban areas. China’s major cities are already facing traffic jams, pollution and overcrowding. Smart mobility is an integral part of major projects to help solve these problems.
*Source: commonwealthbank March 2016