Here are the five largest construction projects initiated in Europe during Q1 2022, according to GlobalData’s construction projects database.
1. Crown Round III Offshore Wind Farm Development: Zone III Teesside B 1400 MW – $4,392m
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The project involves the construction of an offshore wind farm in the Dogger Bank offshore zone, the UK.
Construction work started in Q1 2022 and is expected to be completed in Q4 2026.
In December 2007, the then Department for Business, Enterprise & Regulatory Reform launched a SEA of UK waters to open up the seas to up to 33GW of offshore wind energy. This was to determine the location of sensitive sites and the most appropriate sites for offshore wind farm development.
2. Madrid Metro Expansion – $2,790m
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By GlobalDataThe project involves the expansion of Metro Lines in Madrid, Spain.
Construction work commenced in Q1 2022 and is expected to finish in Q4 2027.
The main objective of the project is to meet the growing demand for transportation and ease public transportation infrastructure in the region.
3. Krampnitz Housing Development – $1,831m
The project involves the construction of the Krampnitz housing complex on 150ha of land at Krampnitz Barracks, Potsdam, Brandenburg, Germany.
Construction work started in Q1 2022 and is forecast to complete in Q4 2038.
The project aims to provide living space for 10,000 people.
4. Nantes New CHU Hospital Development – $1,424m
The project involves the construction of a new 2,25,000m2 area hospital complex with medical facilities on a 10.1ha of land in Nantes, Pays de la Loire region, France.
Construction work commenced in Q1 2022 and is expected to be completed in Q4 2027.
The project is located on the former site of the Marché d’Intérêt National (MIN).
5. Ostendstraße 1-14 Commercial Buildings – $1,293m
The project involves the construction of a commercial complex on a 10ha area with a gross floor area of 270,000m2 at Ostendstraße 1-14, Berlin, Germany.
Construction work started in Q1 2022 and is expected to be completed in Q4 2027.
The project aims to meet the growing requirement for office, retail, hotel and commercial facilities for people in the region.
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.
