Five largest construction projects initiated in Mexico in Q3 2022

Here are the five largest construction projects initiated in Mexico during Q3 2022, according to GlobalData’s construction projects database.

1. Merida IV Combined Cycle Power Plant 1032 MW – $610m

The project involves the construction of a 1032MW combined-cycle power plant in Kanasín Municipality, Merida, Yucatan.

Construction work started in Q3 2022 and is expected to be completed in Q4 2025.

The objective of the project is to meet growing industrial and residential energy demand in Mexico, by generating clean, renewable energy.

2. Nichupte Lagoon Bridge Development – $270m

The project involves the construction of a bridge between Colosio Boulevard and Plaza Kukulcan in Cancún, Quintana Roo.

Construction work commenced in Q3 2022 and is expected to finish in Q1 2024.

The objective of the project is to reduce travel times and costs within Cancun and the hotel zone.

3. Monterrey Refrigerator Manufacturing Plant – $260m

The project involves the construction of a refrigerator plant on a 430,000m² floor area in Monterrey, Nuevo Leon.

Construction work started in Q3 2022 and is forecast to complete in Q3 2024.

The refrigeration appliances to be produced at the new plant are specifically tailored to the large-capacity storage needs of consumers in the North American market.

4. Atotonilco El Alto Tequila Production Plant Expansion – $250m

The project involves the construction of a beverage production plant with 5 million boxes per year in Atotonilco El Alto municipality, Jalisco.

Construction work commenced in Q3 2022 and is expected to be completed in Q1 2024.

The objective of the project is to increase tequila production capacity in Mexico and help meet rising demand.

5. Puerto Vallarta Airport Expansion – $201m

The project involves the expansion of an international airport on a 61,200m² floor area in Puerto Vallarta, Jalisco.

Construction work started in Q3 2022 and is expected to be completed in Q4 2025.

The objective of the project is to increase the terminal capacity by more than 60 percent.

Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.