According to GlobalData, the value of India construction market is forecast to grow by 5.2% in real terms in 2023, having grown by 6.6% in 2022. A key growth market will be the infrastructure market, with output rising by 6.1% 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 India in Q3 2023, according to GlobalData’s construction projects database.
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1. Murkongselek to Rupai Siding Railway Line
The project involves the construction of a 256km railway line along with related infrastructure from Murkongselek to Rupai Siding via Pasighat, Tezu, and Parshuram Kund in Assam.
Construction work started in Q3 2023 and is expected to be completed in Q4 2024.
The project is part of the Government of India’s plan of developing 14 strategic rail lines on the fronts of Pakistan and China. Buy the profile here.
2. Jaipur Railyway Station Redevelopment
The project involves the redevelopment of Jaipur railway station on 16.6ha of land in Rajasthan.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2025.
The project aims to create an integrated railway station cum sub-central business district with world-class amenities.
3. Gwalior Railway Station Redevelopment
The project involves the construction of a 48,061m2 multi-modal transportation hub on 23.04ha of land in Gwalior, Madhya Pradesh.
Construction work started in Q3 2023 and is forecast to complete in Q1 2025.
The project aims to provide better transportation facilities in the region. Buy the profile here.
4. Nagpur Railway Station Redevelopment
The project involves the redevelopment of the railway station on 5,50,400m2 of land in Nagpur, Maharashtra.
Construction work commenced in Q3 2023 and is expected to be completed in Q2 2026.
Once completed, the station aims to ease the pressure on other major railway stations. The aim of the project is to enhance transit interchange and redevelop the existing station into a world-class transport hub across the lines of India. Buy the profile here.
5. Delhi Cantonment Railway Station Upgrade
The project involves the upgrade of the Delhi cantonment railway station in New Delhi, NCT.
Construction work started in Q3 2023 and is expected to be completed in Q3 2026.
The project aims to provide best-in-class amenities to passengers and enhance their travel experience. 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.
