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January 31, 2022updated 15 Feb 2022 12:44pm

The five largest construction projects initiated in Asia Pacific in Q4 2021

By Carmen

Here are the five largest construction projects initiated in Asia Pacific during Q4 2021, according to GlobalData’s construction projects database.

1. M6 Motorway Expansion – $7,850m

The project involves the expansion of the 23km M6 Motorway in Southern Sydney, New South Wales, Australia.

Construction work started in Q4 2021 and is expected to be completed in Q4 2025.

The aim of the project is to improve travel times and reduce traffic congestion.

2. Wuhan Chow Tai Fook Financial Center – $7,178m

The project involves the construction of a 475m high-rise tower in Wuhan, Hubei, China.

Construction work commenced in Q4 2021 and is expected to finish in Q4 2026.

3. Tuban Olefin Complex Development Project – $4,900m

The project involves the construction of an olefin production complex with a production capacity of 1 million tons of Polyethylene and 600,000 tons of Polypropylene in Tuban, East Java, Indonesia.

Construction work started in Q4 2021 and is forecast to complete in Q4 2024.

The main aim of the project is to develop petrochemical facilities to produce methanol, propylene, and polypropylene from natural gas.

4. Qingdao Shenyuanhai Offshore Wind Farm 2000 MW – $4,238m

The project involves the construction of the 2000MW Qingdao Shenyuanhai Offshore Wind Farm project in Qingdao, Shandong, China.

Construction work commenced in Q4 2021 and is expected to be completed in Q4 2024.

The project aims to increase the power generation capacity to meet the growing demand using renewable sources in the region.

5. Iron Bridge North Star Magnetite Stage II Processing Plant – $3,500m

The project includes the construction of a 22MTPA mineral processing plant in Western Australia, Australia.

Construction work started in Q4 2021 and is expected to be completed in Q4 2025.

The project aims to produce high-quality magnetite concentrate to export up to 15 million tons annually to China, Asia, and the Middle East.

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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