The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2023, having grown by 1.1% in 2022. A key growth market will be the infrastructure market, with output rising by 0.9% 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 Europe’s five largest airport infrastructure construction projects that were initiated in Q1 2023, according to GlobalData’s construction projects database.
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1. Son Sant Joan Mallorca Airport Redevelopment
The project involves the redevelopment of the Son Sant Joan Mallorca Airport in the Balearic Islands, Spain.
Construction work started in Q1 2023 and is expected to be completed in Q1 2026.
The project’s aim is to increase the operational capacity of the airport, reduce delays and traffic congestion, and improve user safety. Buy the profile here.
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2. Florennes F-35 Airbase Renovation
The project involves the renovation of the Florennes airbase in the region of Wallonia, Belgium.
Construction work commenced in Q1 2023 and is expected to finish in Q4 2024.
The project aims to support military operations and training, and accommodate F-35 fighter planes in the region. Buy the profile here.
3. Roshchino Terminal Development
The project involves the construction of a three-story terminal in Tyumen Oblast, Russia.
Construction work started in Q1 2023 and is forecast to complete in Q4 2027.
The project aims to increase the passenger handling capacity of the airport. Buy the profile here.
4. Orange Airbase 115 Expansion
The project involves the expansion of the 5th Rafale Squadron at Airbase 115 in the municipality of Orange, located in the Vaucluse department, the Provence-Alpes-Côte d’Azur region, France.
Construction work commenced in Q1 2023 and is expected to be completed in Q3 2024.
The project aims to accommodate the future Rafale squadron, but also all the aeronautical areas of the airbase 115. Buy the profile here.
5. Magadan Airport Sokol Renovation : Phase II
The project involves the renovation of the Magadan airport in Magadan Oblast, Russia.
Construction work started in Q1 2023 and is expected to be completed in Q4 2024.
The purpose of the project is to build a new terminal building to handle an increase in passenger traffic to Magadan airport. Following the construction of a new terminal, the existing terminal will be converted into a cargo terminal that will improve the cargo handling at the airport. More than 200 construction jobs were created.
For more details on the latest construction projects, buy the profiles here.
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