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July 28, 2022

The five largest construction projects initiated in Asia Pacific in Q2 2022

By Carmen

Here are the five largest construction projects initiated in Asia Pacific during Q2 2022, according to GlobalData’s construction projects database.

1. Melbourne Suburban Rail Loop – $36,666m

The project involves the construction of a 90km rail line between Cheltenham and Werribee via Melbourne Airport in Melbourne, Victoria, Australia.

Construction work started in Q2 2022 and is expected to be completed in Q4 2053.

The project aims to allow commuters to travel between suburbs without needing to come into the city. It will connect every major rail line from the Frankston line to the Werribee line, making it quicker and easier to get to Melbourne’s major health, education, and employment centers.

2. K2 Manufacturing Facility – $18,175m

The project involves the construction of a flash memory manufacturing facilities in Kitakami, Iwate, Japan.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2023.

The project aims to meet the rising demand for NAND flash memory devices around the world.

3. Changchun New Energy Vehicle Manufacturing Plant – $5,223m

The project involves the construction of a new energy vehicle (NEV) manufacturing plant in Changchun, Jilin, China.

Construction work started in Q2 2022 and is forecast to complete in Q4 2024.

The project aims to increase production capacity to meet the growing demand for NEV in China.

4. Qingdao Metro Line 15 – $4,586m

The project involves the construction of a 63.6km underground metro rail line in Qingdao, Shandong, China.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2025.

The objective of the project is to build a rail system to reduce traffic congestion and travel distance in the region.

5. Qingdao Metro Line 5 – $4,027m

The project involves the construction of a 32.7km metro rail line in Qingdao, Shandong, China.

Construction work started in Q2 2022 and is expected to be completed in Q4 2028.

The objective of the project is to build a rail system to reduce traffic congestion and travel distance 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.

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