The value of Australia construction market is forecasted by GlobalData to decline by 2.7% in real terms in 2024, having decreased by 0.4% in 2023. A key growth market will be the infrastructure market, with output rising by 3.8% 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 Australia during Q4 2024, according to GlobalData’s construction projects database.
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1. Pluto Train 1 Scarborough Upgrade
The project involves the modification of the existing Pluto LNG Train 1 facilities with a production capacity of 3MTPA in Western Australia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
2. Alkimos Seawater Desalination Plant
The project involves the construction of a 100,000,000m3 desalination plant on 140.5ha in Alkimos, Western Australia.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2028.
The project intends to provide additional sources of drinking water to supplement the existing metropolitan water supply. It will create 1,300 direct and indirect jobs and 155 jobs for apprentices and trainees. Buy the profile here.
3. Maidstone Tram Maintenance and Stabling Facility
The project involves the construction of a tram maintenance and stabling facilities to accommodate 100 new trams in Maidstone, Victoria.
Construction work started in Q4 2024 and is forecast to complete in Q3 2025.
The aim of the project is to make Maidstone the home of the new trams as existing depots reach capacity and to reduce the need for new tracks and other infrastructure. It will create 280 jobs during construction. Buy the profile here.
4. Bungama Solar and Battery Storage Plant
The project involves the construction of a 336MW solar farm with a 150MW/300MWh battery storage plant on 530ha of land near east of Port Pirie in South Australia.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2028.
It intends to meet the supply and demand of electricity in the region and provide enough electricity to power 86,000 homes each year for 30 years and reducing 497,000 tons of GHG emissions each year. Buy the profile here.
5. Hollinsworth Data Center
The project involves the construction of six, four-story 504MW data center campus on 21ha of land in Northwest Sydney’s Marsden Park, Sydney, New South Wales.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
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.
