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October 28, 2022

The five largest construction projects initiated in Asia Pacific in Q3 2022

By Carmen

Here are the five largest construction projects initiated in Asia Pacific during Q3 2022, according to GlobalData’s construction projects database.

1. Western Harbour Tunnel and Beaches Link – $10,938m

The project involves the construction of a twin, three-lane 6.5km road tunnel connecting Rozelle to Warringah Freeway and a tunnel connecting the Warringah Freeway to Balgowlah and Seaforth in Sydney, New South Wales, Australia.

Construction work started in Q3 2022 and is expected to be completed in Q4 2027.

The project aims to relieve congestion on the Harbor Bridge and Harbor Tunnel, potentially diverting around 2,000 vehicles an hour.

2. Zhanjiang Third Largest Verbund Site Development – $10,134m

The project involves the construction of a Petrochemical plant in Guangdong, China.

Construction work commenced in Q3 2022 and is expected to finish in Q4 2030.

The project aims to increase the production of ethylene glycol used as ingredients for polyesters chips fibers, PET bottle-grade chips, polyester industrial yarn, coolants, paint formulations, and wire enamels.

3. Yichang Lithium Battery Industrial Park – $8,830m

The project involves the construction of a lithium battery industrial park in Yichang, Hubei, China.

Construction work started in Q3 2022 and is forecast to complete in Q1 2025.

The project aims to meet the growing demand for lithium batteries and cathode materials in the region.

4. Bradfield City Center – $7,000m

The project involves the construction of the Bradfield City Center on 114ha of land in Sydney, NSW, Australia.

Construction work commenced in Q3 2022 and is expected to be completed in Q4 2026.

The project aims to provide a multi-purpose facilities in the region.

5. Fourth West-East Gas Pipeline (Wuqia-Zhongwei) Natural Gas Pipeline – $5,930m

The project involves the construction of a 3,340km gas pipeline with an annual transmission capacity of 15 billion cubic meters (BCM) between Wuqia country in Xinjiang and Zhongwei in Ningxia in China.

Construction work started in Q3 2022 and is expected to be completed in Q4 2026.

The main purpose of the project is to improve the gas transportation infrastructure within China.

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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