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 road infrastructure construction projects that were initiated in Q4 2023, according to GlobalData’s construction projects database.
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1. Brasov to Sibiu Motorway
The project involves the construction of a 68 km motorway from Brasov to Sibiu in Romania.
Construction work started in Q4 2023 and is expected to be completed in Q2 2027.
The project aims to reduce traffic congestion and improve security for the movement of passengers and freight between Brasov and Sibiu. It will reduce travel distance and time between the two places. Buy the profile here.
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2. A428 Black Cat to Caxton Gibbet Road Improvement
The project involves the upgrade of a 16km dual carriageway between the Black Cat roundabout at St Neots and Caxton Gibbet between Bedfordshire and Cambridgeshire in UK.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2027.
The project will deliver significant benefits to road users and the local community, improving journeys between Milton Keynes, Bedford, and Cambridge – helping to unlock economic growth in this fast-growing region. It will also create better routes for walkers, cyclists, and horse riders and deliver better connections to St Neots and its train station. Buy the profile here.
3. A2 Motorway: Siedlce to Biala Podlaska
The project involves the construction of 63.5km highway connecting Siedlce to Biala Podlaska in Poland.
Construction work started in Q4 2023 and is forecast to complete in Q4 2024.
The project will reduce travel distance and time between Siedlce and Biala Podlaska, and will also reduce traffic congestion in the region. Buy the profile here.
4. A417 Missing Link
The A417 Missing Link project involves the widening of the A417 motorway between Brockworth and Cowley to the dual carriageway in Gloucestershire, England, the UK.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2027.
The project aims to reduce congestion by providing accessible and well-connected roads and to make the network safer for the people in the region. Buy the profile here.
5. Thessaloniki Flyover
The project involves the construction of a 13km flyover in Thessaloniki, Greece.
Construction work started in Q4 2023 and is expected to be completed in Q4 2027.
The aim of the project is to make travel faster and safer and easier to access from one end of the city to the other with respect for the environment. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
