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July 28, 2022

Five largest construction projects initiated in China in Q2 2022

By Carmen

Here are the five largest construction projects initiated in China during Q2 2022, according to GlobalData’s construction projects database.

1. Changchun New Energy Vehicle Manufacturing Plant – $5,223m

The project involves the construction of a new energy vehicle (NEV) manufacturing plant in Changchun, Jilin.

Construction work started in Q2 2022 and is expected to be completed in Q4 2024.

The project aims to increase production capacity to meet the growing demand for NEV in China.

2. Qingdao Metro Line 15 – $4,586m

The project involves the construction of a 63.6km underground metro rail line in Qingdao, Shandong.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2025.

The objective of the project is to build a rail system to reduce traffic congestion and travel distance in the region.

3. Qingdao Metro Line 5 – $4,027m

The project involves the construction of a 32.7km metro rail line in Qingdao, Shandong.

Construction work started in Q2 2022 and is forecast to complete in Q4 2028.

The objective of the project is to build a rail system to reduce traffic congestion and travel distance in the region.

4. G1816 Wuhai-Maqin National Highway Hezuo-Sai’erlong Section – $2,503m

The project involves the construction of a 102.77km highway from Hezuo to Sai’erlong in Huangnan Tibetan Autonomous Prefecture, Gansu.

Construction work commenced in Q2 2022 and is expected to be completed in Q2 2026.

The purpose of the project is to expand the highway network and reduce traffic congestion and travel times in the region.

5. Anhua Pumped-Storage Power Station 2400 MW – $2,253m

The project involves the construction of a pumped-storage hydropower plant with a capacity of 2,400MW in Anhua County, Yiyang, Hunan.

Construction work started in Q2 2022 and is expected to be completed in Q4 2029.

The project aims to enhance power generation by using renewable sources of energy to meet the region’s growing demand.

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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