“Government Support for Smart City Development and Infrastructure Projects”
- The growing number of government-backed initiatives to develop smart cities is playing a key role in driving the expansion of the smart railways sector.
- Governments globally are channeling significant investments into smart infrastructure, including railways, to enhance transportation efficiency, reduce operational costs, and improve overall safety.
- These projects are designed to integrate cutting-edge technology, data-driven solutions, and IoT systems, leading to more optimized rail operations and supporting broader urban development goals.
For instance:
- In March 2023, the European Union launched a funding initiative aimed at supporting smart city projects, which notably included smart railways for metropolitan areas.
