The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. A key growth market will be the infrastructure market, with output rising by 0.9% 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 Europe’s five largest railway infrastructure construction projects that were initiated in Q2 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Seville Metro Line Expansion
The project involves the expansion of the Seville Metro railway in Sevilla, Andalusia, Spain.
Construction work started in Q2 2024 and is expected to be completed in Q4 2031.
The objective of the project is to reduce traffic congestion and to provide state-of-the-art transportation infrastructure for people in the region.
2. Cluj-Napoca Metro Line
The Cluj-Napoca subway rail involves the construction of a 21.03km light metro line project in Romania.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2031.
The project aims to reinforce the public transport system, providing a faster, more reliable, and environment-friendly mode of transport.
3. Caransebes-Timisoara-Arad Railway Line Upgrade
The project involves the upgrade of a 162km Caransebes-Timisoara-Arad railway line in Romania.
Construction work started in Q2 2024 and is forecast to complete in Q4 2032.
The project is financed by the National Recovery and Resilience Plan (PNRR) of Romania. It will create 600 direct and indirect jobs.
4. Lorca-Sutullena to Lorca-San Diego Railway Line Development
The project involves the construction of an underground railway line in Lorca, Murcia, Spain.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2026.
The project’s aim is to provide the state of the art transportation infrastructure in the region. The proposed new underground Sutullena railway station will provide services to conventional gauge and high-speed traffic. Buy the profile here.
5. Schiphol Airport Station Renovation
The project involves the renovation of the Schiphol airport station in North-Holland, the Netherlands.
Construction work started in Q2 2024 and is expected to be completed in Q4 2028.
The project aims to increase the airport’s public transport capacity, including an improved train and bus station in order to handle the future passenger capacity which is expected to grow up to 120,000 passengers a year by 2025.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
