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January 31, 2022updated 16 Feb 2022 2:22am

Five largest construction projects initiated in China in Q4 2021

By Carmen

Here are the five largest construction projects initiated in China during Q4 2021, according to GlobalData’s construction projects database.

1. Wuhan Chow Tai Fook Financial Center – $7,178m

The project involves the construction of a 475m high-rise tower in Wuhan, Hubei, China.

Construction work started in Q4 2021 and is expected to be completed in Q4 2026.

2. Qingdao Shenyuanhai Offshore Wind Farm 2000 MW – $4,238m

The project involves the construction of the 2000MW Qingdao Shenyuanhai Offshore Wind Farm project in Qingdao, Shandong, China.

Construction work commenced in Q4 2021 and is expected to finish in Q4 2024.

The project aims to increase the renewable power generation capacity in the region.

3. Liuheng Sea-Crossing Bridge – $2,828m

The Liuheng Sea-Crossing Bridge project involves the construction of a 29.58km long highway bridge between Zhoushan and Ningbo in Zhejiang, China.

Construction work started in Q4 2021 and is forecast to complete in Q4 2025.

The purpose of the project is to improve transport facilities and reduce traffic on the existing highway and bridges in the region.

4. Gui’an 60GWh Power Battery Manufacturing Base – $2,344m

The project involves the construction of a power battery manufacturing base in Gui’an New District, Guiyang, Guizhou, China.

Construction work commenced in Q4 2021 and is expected to be completed in Q2 2026.

The main aim of the project is to increase production capacity to meet the growing demand for battery products.

5. Heng County 2.6GW Integrated Wind and Solar Storage Base – $2,002m

The project involves the construction of a wind and solar storage facilities in Hengzhou, Guangxi, China.

Construction work started in Q4 2021 and is expected to be completed in Q4 2023.

The project aims to enhance power generation to meet the growing demand and provide power to households 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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