The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2023, having grown by 3.9% in 2022. A key growth market will be the infrastructure market, with output rising by 11.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Asia Pacific’s five largest road infrastructure construction projects that were initiated in Q4 2023, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Panzhihua-Yanyuan Expressway
The project involves the construction of a highway from Panzhihua to Yanyuan in Sichuan, China.
Construction work started in Q4 2023 and is expected to be completed in Q4 2029.
The project aims to build an expressway to increase mobility and provide a smooth flow of traffic. Buy the profile here.
See Also:
2. Qingyun-Zhangqiu Expressway
The project involves the construction of the 106.86km-long expressway from Qingyun to Zhangqiu in Shandong, China.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2026.
The project aims to build an expressway to increase mobility and provide a smooth flow of traffic.
3. National Highway 104 Hezhuang-Yaqian Expressway
The project involves the construction of a highway from Hezhuang to Yaqian in Hangzhou, China.
Construction work started in Q4 2023 and is forecast to complete in Q4 2027.
The project aims to build an expressway to increase mobility and provide a smooth flow of traffic. Buy the profile here.
4. Vijayawada To Nagpur Express Highway
The project involves the construction of a 457km-long expressway from Vijayawada in Andhra Pradesh to Nagpur in Maharashtra.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to enhance the socio-economic condition and improve the road transportation network between the states. It will also increase vehicle handling capacity and reduce traffic congestion. Buy the profile here.
5. G1015 Tieke Expressway: Tieli to Fengyang Section
The project involves the construction of an expressway from Tieli to Fangzheng Section in China.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
The project aims to build an expressway to increase mobility and provide a smooth flow of traffic. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
