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

The five largest construction projects initiated in North America in Q1 2022

By Carmen

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

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1. Ontario Line Subway – $8,560m

The project involves the construction of a 16km subway system from Ontario place to Ontario science centre in Toronto, Ontario, Canada.

Construction work started in Q1 2022 and is expected to be completed in Q4 2027.

The project aims to provide a high-capacity, high quality, reliable, modern transportation system in the region and accommodate current and future travel demand with enhanced streetscapes and transit-oriented development along the corridor.

2. Steel Mini Mill – $3,000m

The project involves the construction of a mini-mill in Arkansas, the US.

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

The project aims to expand US Steel’s verdeXTM sustainable product line, delivering differentiated steels made with significantly lower GHG emissions than the traditional integrated steelmaking process. The project will be a significant step toward achieving the company’s goal of reducing its global greenhouse gas emission and would help meet its target of net-zero carbon emissions by 2050.

3. Osceola Steel Plant – $3,000m

The project involves the construction of a steel plant in Osceola, Arkansas, the US.

Construction work started in Q1 2022 and is forecast to complete in Q4 2024.

The project is expected to create 900 jobs. The plant is an extraordinarily low-cost structure with energy-efficient production equipment, and advanced capabilities.

4. George Massey Tunnel Replacement – $2,610m

The project involves the replacement of the existing George Massey Tunnel on Highway 99 across the Fraser River in Vancouver, British Columbia, Canada.

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

The main aim of the project is to provide better transportation facilities in the region.

5. Pearson Ranch Mixed Use Development – $2,000m

The project involves the construction of a mixed-use complex on 63ha of land in Texas, the US.

Construction work started in Q1 2022 and is expected to be completed in Q3 2037.

The project aims to provide better residential, commercial and parking facilities 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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by Oracle
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