Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks.

Asia-Pacific: Five Largest Construction Projects Started in Q4 2022

  • With a project value of $16,030 million, the Nantong-Ningbo High Speed Rail Line – Jiangsu project was the largest construction project in Asia-Pacific, on which construction started in Q4 2022. The Nantong-Ningbo High Speed Rail Line – Jiangsu project is located in Ningbo, China and initially announced in Q1 2021 with an estimated completion in Q4 2027. The Xiong an HSR – Xiong'an-Xinzhou High-Speed Railway – Hebei project was the second-largest project with a project value of $8,838 million, on which construction work started in Q4 2022. The Xiong an HSR – Xiong'an-Xinzhou High-Speed Railway – Hebei project is located in Xinzhou, China and initially announced in Q4 2018 with an estimated completion in Q2 2027.

  • The Xiong an HSR – Xiongan New Area-Xinzhou High-Speed Railway – Shanxi project was the third-largest project, the NSW Transport – Sydney North-South Rail Link – New South Wales was the fourth-largest project, and the Sarawak EDC – Kuching Urban Transportation System – Sarawak was the fifth-largest project with a project value of $8,158 million, $7,330 million and $6,000 million respectively. The Xiong an HSR – Xiongan New Area-Xinzhou High-Speed Railway – Shanxi project located in Xinzhou, China was announced in Q1 2020 with an estimated completion in Q2 2027, the NSW Transport – Sydney North-South Rail Link – New South Wales project located in Sydney, Australia was announced in Q2 2016 with an estimated completion in Q2 2035 and the Sarawak EDC – Kuching Urban Transportation System – Sarawak project located in Kuching, Malaysia was announced in Q1 2017 with an estimated completion in Q4 2027.

  • Among the five largest projects, the NSW Transport – Sydney North-South Rail Link – New South Wales project is the longest in terms of completion date, with construction expected to be completed in Q2 2035. On the other hand, the Xiong an HSR – Xiong'an-Xinzhou High-Speed Railway – Hebei project is the shortest in terms of completion date, with construction expected to be completed in Q2 2027.

Asia-Pacific: Five Largest Construction Projects Started in Q4 2022

Published: July 2022
Source: GlobalData

Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks. Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks. Visit Report Store
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