Here are the five largest construction projects initiated in South and Central America during Q1 2022, according to GlobalData’s construction projects database.
1. Santo Domingo Copper-Iron-Gold Mine Development – $2,180m
The project involves the development of the Santo Domingo copper-iron-gold mine in Diego de Almagro, Copiapó, Atacama, Chile.
Construction work started in Q1 2022 and is expected to be completed in Q4 2024.
The mine will produce copper and magnetite concentrate through open pit mining and processing with seawater without desalting using conventional flotation and magnetic separation, with a nominal capacity of 65,000 tons per day (tpd) for the first years of operation (years 1 to 5) and 60,000 tpd for the following years (6 to 18 years).
2. Telfers Combined Cycle Plant 670 MW – $1,000m
The project involves the construction of a 670MW combined cycle plant in Colon, Panama.
Construction work commenced in Q1 2022 and is expected to finish in Q2 2024.
The project aims to help decrease the price of power in Panama.
3. Salar Del Hombre Muerto Lithium Hydroxide Production Plant – $839m
The project involves the construction of a lithium hydroxide plant with a generation capacity of 25000TPA in Argentina.
Construction work started in Q1 2022 and is forecast to complete in Q3 2024.
The project aims to increase the production capacity to meet the growing demand for power battery raw materials in the region.
4. Haiti Border Wall – $400m
The project involves the construction of a 392km, 3.9m-high Haiti border wall in Dominican Republic.
Construction work commenced in Q1 2022 and is expected to be completed in Q4 2024.
The project aims to o reduce illegal border crossings and the smuggling of goods, weapons, and drugs.
5. San Francisco to Mocoa Bypass Road Development – $330m
The project involves the construction of a 44km bypass road in the department of Putumayo, Colombia.
Construction work started in Q1 2022 and is expected to be completed in Q1 2030.
The project’s main objective is to improve the transport facilities and the development of the departments of Putumayo, Nariño and the entire southern region of the country will be promoted.
Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
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