The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2023, having grown by 1.1% in 2022. 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 road infrastructure construction projects that were initiated in Q2 2023, according to GlobalData’s construction projects database.
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1. A11 Motorway: Florence to Pisa Nord
The project involves the construction of a 27km motorway from Florence to Pisa Nord in Tuscany, Italy.
Construction work started in Q2 2023 and is expected to be completed in Q4 2026.
The project is the extension to the third lane in the A11 motorway Florence-Pistoia section. Buy the profile here.
2. Barnaul Bypass
The project involves the construction of a four-lane bypass in Barnaul, Altai Krai, Russia.
Construction work commenced in Q2 2023 and is expected to finish in Q4 2027.
The project aims to connect two federal highways R-256 “Chuisky tract” and A-322 “Barnaul – Rubtsovsk – border of the Republic of Kazakhstan” bypassing the regional capital with an exit to the Pavlovsky tract. The implementation of the project will contribute to the development and improvement of interregional and international transport and economic relations of the Ural, Siberian, and Far Eastern federal districts, as well as Russia with Kazakhstan, Mongolia, China, Kyrgyzstan, Tajikistan, Uzbekistan, and Turkmenistan. Buy the profile here.
3. Hannover Suedschnellweges B3 Highway
The project involves the construction of the Suedschnellweges B3 highway in Hannover, Lower Saxony, Germany.
Construction work started in Q2 2023 and is forecast to complete in Q4 2024.
The project aims to enhance the road network with modern infrastructure and provide a better road networks for the commuters. Buy the profile here.
4. Carlisle Southern Link Road
The project involves the construction of an 8km road from the A595/A689 junction at Peter Lane to Junction 42 of the M6 Motorway in Cumbria, the UK.
Construction work commenced in Q2 2023 and is expected to be completed in Q3 2025.
The aim of the project is to provide a high-quality link to the south of Carlisle and also to provide a vital east-west connection for the city and would support the delivery of St Cuthbert’s Garden Village. Buy the profile here.
5. Slivnitsa-Sofia Ring Road Motorway
The project involves the construction of a new 16.5km motorway between Slivnitsa and the Sofia Ring Road in Bulgaria.
Construction work started in Q2 2023 and is expected to be completed in Q1 2027.
The project is a part of AM “Europa” and aims to increase vehicle-handling capacity and reduce traffic congestion. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
