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July 28, 2022

Five largest construction projects initiated in Philippines in Q2 2022

By Carmen

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

1. Davao City Monorail – $574m

The project involves the construction of a 13km monorail system from Bangkal to Davao City in Mindanao, the Philippines.

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

The project aims to address the traffic congestion in the nearby town of Davao City. The monorail will have an initial capacity of 2,200 passengers per direction per hour and could be expanded from 6,000 to 30,000.

2. Cordon Solar Power Plant 45 MW – $60m

The project involves the construction of a 45MW solar power plant in Isabela, Cagayan Valley, the Philippines.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2023.

The project aims to meet the growing demand for power in the region. It is part of Meralco’s plan to build 1,500MW of renewable energy projects in the next seven years.

3. Hamana Homes Magalang – $50m

The project involves the construction of 1,000 townhouses on 15ha of land in Magalang, Central Luzon, the Philippines.

Construction work started in Q2 2022 and is forecast to complete in Q1 2026.

The project aims to provide better residential facilities in the region.

4. Ilocos Norte Solar Power Plant 68 MW – $50m

The project involves the construction of a 68MW solar power plant in Ilocos Norte, the Philippines.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2023.

The project aims to meet the growing demand for power in the region. It is part of Meralco’s plan to build 1,500MW of renewable energy projects in the next seven years.

5. The Erin Heights – $50m

The project involves the construction of a 55-story condominium tower on 0.6ha of land in Quezon, Metro Manila, the Philippines.

Construction work started in Q2 2022 and is expected to be completed in Q4 2027.

The project aims to provide better residential facilities 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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