Here are the world’s five largest construction projects initiated in Q1 2022, according to GlobalData’s construction projects database.
1. Shanghai Chip Manufacturing Plant, China – $8,870m
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The project involves the construction of a 12-inch wafer manufacturing plant in Shanghai, China.
Construction work started in Q1 2022 and is expected to be completed in Q3 2024.
The project aims to increase the production capacity of 12-inch wafers to meet the growing demand.
2. Ontario Line Subway, Canada – $8,560m
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By GlobalDataThe project involves the construction of a 16km subway system from Ontario place to Ontario science centre in Toronto, Ontario, Canada.
Construction work commenced in Q1 2022 and is expected to finish in Q4 2027.
The project aims to provide a high-capacity, high quality, reliable, modern transportation system in the region and accommodate current and future travel demand with enhanced streetscapes and transit-oriented development along the corridor.
3. Jingcheng Wafer and Integrated Circuit Packaging Plant: Phase I, China – $7,768m
The project involves the construction of a 12-inch Wafer and Integrated Circuit Packaging Plant in Beijing, China.
Construction work started in Q1 2022 and is forecast to complete in Q4 2024.
The project aims to meet the growing demand for integrated circuit products in the region.
4. Foshan Metro Line 4: Phase I, China – $6,984m
The project involves the construction of a 56km metro railway line in Foshan, Guangdong, China.
Construction work commenced in Q1 2022 and is expected to be completed in Q4 2026.
The project aims to reinforce the public transport system, providing a faster, more reliable and environmentally friendly mode of transport.
5. Shanghai Metro Line 21: Phase I, China – $5,715m
The project involves the construction of a 28km metro rail line between Chuansha Road Station to Dongjing Road Station in Shanghai, China.
Construction work started in Q1 2022 and is expected to be completed in Q4 2027.
The objective of the project is to improve the traffic system and reduce travel distance and time 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.
