With a project value of $16,030 million, the Nantong-Ningbo High Speed Rail Line – Jiangsu project was the largest High Speed Railways construction project globally, 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 CNRG – Zhoushan Underwater High-Speed Railway Tunnel – Zhejiang was the fourth-largest project, and the Adif – Madrid to Barcelona Highspeed Railway Line – Madrid was the fifth-largest project with a project value of $8,158 million, $3,700 million and $126 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 CNRG – Zhoushan Underwater High-Speed Railway Tunnel – Zhejiang project located in Zhoushan, China was announced in Q2 2017 with an estimated completion in Q1 2027 and the Adif – Madrid to Barcelona Highspeed Railway Line – Madrid project located in Barcelona, Spain was announced in Q1 2019 with an estimated completion in Q4 2025.
Among the five largest projects, the Nantong-Ningbo High Speed Rail Line – Jiangsu project is the longest in terms of completion date, with construction expected to be completed in Q4 2027. On the other hand, the Adif – Madrid to Barcelona Highspeed Railway Line – Madrid project is the shortest in terms of completion date, with construction expected to be completed in Q4 2025.
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