According to GlobalData, the value of China construction market is forecast to grow by 4.4% in real terms in 2023, having grown by 4.4% in 2022. A key growth market will be the infrastructure market, with output rising by 18.0% 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 top five railway infrastructure construction projects that commenced in China in Q3 2023, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Tianjin-Weifang High-speed Railway
The project involves the construction of a 348.25km high-speed railway line with a designed speed of 350kmph between Tianjin and Weifang in China.
Construction work started in Q3 2023 and is expected to be completed in Q4 2027.
The project aims to reduce travel time and distance in the province. Buy the profile here.
2. Guangzhou Station to Guangzhou South Station Connecting Line Intercity
The project involves the construction of a intercity railway in Guangzhou.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2027.
It aims to improve connectivity and reduce travel time. Buy the profile here.
3. Suzhou Metro Line 7: North Extension
The project involves the construction of a 7.6km metro railway line in Suzhou, Jiangsu.
Construction work started in Q3 2023 and is forecast to complete in Q4 2027.
The project aims to reinforce the public transport system, providing a faster, more reliable and environmentally friendly mode of transport. Buy the profile here.
4. Tianjin-Weifang High-Speed Railway: Shouguang Section
The project involves the construction of a 43.70km high-speed railway line with a designed speed of 350kmph between Tianjin and Weifang: Shouguang Section in China.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2027.
The project aims to reduce travel time and distance in the province. Buy the profile here.
5. Hangzhou Metro Line 10: Phase II
The project involves the construction of a metro line in Hangzhou, Zhejiang.
Construction work started in Q3 2023 and is expected to be completed in Q4 2026.
The objective of the project is to build a rail system to reduce traffic congestion and travel distance. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
Premium 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.
