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May 17, 2022updated 27 Jul 2022 5:17pm

The five largest construction projects initiated in Asia Pacific in Q1 2022

By Carmen

Here are the five largest construction projects initiated in Asia Pacific during Q1 2022, according to GlobalData’s construction projects database.

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1. Shanghai Chip Manufacturing Plant – $8,870m

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. Jingcheng Wafer and Integrated Circuit Packaging Plant: Phase I – $7,768m

The project involves the construction of a 12-inch Wafer and Integrated Circuit Packaging Plant in Beijing, China.

Construction work commenced in Q1 2022 and is expected to finish in Q4 2024.

The project aims to meet the growing demand for integrated circuit products in the region.

3. Foshan Metro Line 4: Phase I – $6,984m

The project involves the construction of a 56km metro railway line in Foshan, Guangdong, China.

Construction work started in Q1 2022 and is forecast to complete in Q4 2026.

The project aims to reinforce the public transport system, providing a faster, more reliable and environmentally friendly mode of transport.

4. Shanghai Metro Line 21: Phase I – $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 commenced 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.

5. Hai Lang LNG Gas Power Center 4500 MW – $5,300m

The project includes the construction of a 4,500MW LNG thermal power plant on 120ha of land in Hai Lang district, Southeast Economic Zone of Quang Tri province, Vietnam.

Construction work started in Q1 2022 and is expected to be completed in Q4 2030.

The main aim of the project is to meet the demand for power in the region. This will help in the economic generation and industrialization in the country.

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.

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Free Whitepaper
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Out of the Blue: Dynamic Liquid Crystal Windows

From cutting down on carbon emissions and maximising energy efficiency to enhancing the health and well-being of a buildings’ occupants, the latest ‘smart glass’ and ‘dynamic glazing’ solutions offer unparalleled opportunities. Designed to meet, if not exceed, standards for low and zero-emission buildings, Dynamic Liquid Crystal Windows by Eyrise provide the opportunity to minimise the need for artificial heating and cooling by optimising the use of that generated naturally. In this latest report, the technology’s performance is compared against its closest competitors on colour-rendering, switching speed, and circadian well-being to show where it leads the way. Gaze into the future of glazing by accessing this free whitepaper below.
by Merck
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