The value of Brazil construction market is forecasted by GlobalData to grow by 2.7% in real terms in 2023, having grown by 7.4% in 2022. A key growth market will be the infrastructure market, with output rising by 3.7% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the five largest construction projects initiated in Brazil during Q1 2023, according to GlobalData’s construction projects database.
1. Azulao Natural Gas Fired Thermoelectric Power Complex 950 MW – $1,155m
The project involves the construction of the Azulão Natural Gas Fired Thermoelectric Power Complex in the municipality of Silves, Amazonas.
Construction work started in Q1 2023 and is expected to be completed in Q4 2027.
The project aims to meet the growing energy demand for the oil and gas production chain and industries. Buy the profile here.
2. Passos Brewery Plant – $348m
The project involves the construction of a brewery plant with a capacity of 760 million liters per year on a 114ha area in Passos, Minas Gerais.
Construction work commenced in Q1 2023 and is expected to finish in Q4 2025.
The project aims to produce premium beers in the region and foresee the company’s growth in the Brazilian market. Buy the profile here.
3. Cuiaba Airport Expansion and Modernization – $146m
The project involves the modernization and expansion of the airport in Várzea Grande, metropolitan region of Cuiabá, Mato Grosso.
Construction work started in Q1 2023 and is forecast to complete in Q4 2023.
The project aims to provide enhanced transportation facilities for passengers in the region.
4. Benedito Calixto Residential Complex – $35m
The project involves the construction of a residential complex in São Vicente, São Paulo.
Construction work commenced in Q1 2023 and is expected to be completed in Q4 2025.
The purpose of the project is to enhance the residential facilities in the region. Buy the profile here.
5. Rio do Sul – Indaial Transmission Line – $30m
The project involves the construction of a 230kV transmission line between Rio do Sul and Indaial in the state of Santa Catarina.
Construction work started in Q1 2023 and is expected to be completed in Q3 2024.
The objective of the project is to develop a transmission line to decrease the scarcity of power and aims to meet the growing demand for power and contribute to the economic development of the region.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
