The value of Ireland construction market is forecasted by GlobalData to decline by 4.1% in real terms in 2023, having grown by 15.3% in 2022. A key growth market will be the infrastructure market, with output dropping by 4.2% 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 Ireland during Q4 2023, according to GlobalData’s construction projects database.
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1. France-Ireland Celtic Electrical Interconnector
The project involves the construction of a 700MW HVDC submarine power interconnector transmission link between France and Ireland.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
This project will allow a maximum transmission of 700MW and will help to meet the need for increased capacity for the energy trade between the two country’s. Buy the profile here.
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2. IFSC-France Subsea Cable Link
The project involves the construction of a 700MW 320kV voltage source converter (VSC) high-voltage direct current (HVDC), sub-sea fiber-optic cable network across 575km from Ireland to France.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2026.
The proposed project is also known as IFC-1, a subsea fiber the project aims to provide ultra-high capacity connectivity to telecommunication carriers, Internet companies, and large enterprises from Ireland directly to continental Europe.
3. Rosslare Europort Border Control facility
The project involves the construction of a border control facilities in Leinster.
Construction work started in Q4 2023 and is forecast to complete in Q1 2027.
The project aims to provide a new state-of-the-art border control post.
4. Ballysimon Hospital Development
The project involves the construction of a 150-bed hospital facilities across an area of 2.83ha in Limerick, Munster.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to provide better health care facilities in the region and will create 300 jobs during construction and 250 jobs while operational.
5. Shannonbridge Battery Energy Storage System
The project involves the construction of a battery energy storage system (BESS) with a 160MWh capacity in Shannonbridge, Leinster.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to stabilize the energy grid and improve the use of renewable energy. 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.
