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October 28, 2022

The five largest construction projects initiated in South and Central America in Q3 2022

By Carmen

Here are the five largest construction projects initiated in South and Central America during Q3 2022, according to GlobalData’s construction projects database.

1. BR-116/101/SP/RJ Upgrade – $4,142m

The project involves the upgrade of a 625.8km BR-116/101/SP/RJ highway in Brazil.

Construction work started in Q3 2022 and is expected to be completed in Q4 2030.

The project aims to enhance the transportation facilities in the region.

2. Yellowtail Floating Production Storage and Offloading Vessel – $1,750m

The project involves the construction of a floating production, storage and offloading vessel (FSPO) vessel for the Yellowtail Project in Guyana.

Construction work commenced in Q3 2022 and is expected to finish in Q1 2025.

SBM Offshore will hold 70% and Mcdermott will hold 30% equity ownership. The FPSO will be fully owned by SBM Offshore.

3. Santana do Livramento Coxilha Negra Wind Park 356 MW – $942m

The project involves the construction of a 356MW Coxilha Negra Wind Park on a 13ha area in Santana do Livramento, Rio Grande do Sul, Brazil.

Construction work started in Q3 2022 and is forecast to complete in Q4 2024.

The objective of the project is to produce enough power to meet the requirements of 2.8 million prople in the region.

4. Merida IV Combined Cycle Power Plant 1032 MW – $610m

The project involves the construction of a 1032MW combined-cycle power plant in Kanasín Municipality, Merida, Yucatan, Mexico.

Construction work commenced in Q3 2022 and is expected to be completed in Q4 2025.

The objective of the project is to meet growing industrial and residential energy demand in Mexico, by generating clean, renewable energy.

5. El Sol de Vallenar Solar Plant 1000 MW – $552m

The project involves the construction of a 1,000MW solar power plant on a 2,150ha site area in Atacama, Chile.

Construction work started in Q3 2022 and is expected to be completed in Q4 2025.

The main objective of the project is to provide clean energy by using renewable sources in Chile.

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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