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July 28, 2022

The five largest construction projects initiated globally in Q2 2022

By Carmen

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

1. Melbourne Suburban Rail Loop, Australia – $36,666m

The project involves the construction of a 90km rail line between Cheltenham and Werribee via Melbourne Airport in Melbourne, Victoria, Australia.

Construction work started in Q2 2022 and is expected to be completed in Q4 2053.

The project aims to allow commuters to travel between suburbs without needing to come into the city. It will connect every major rail line from the Frankston line to the Werribee line, making it quicker and easier to get to Melbourne’s major health, education, and employment centers.

2. Sherman Semiconductor Chip Manufacturing Complex, United States – $30,000m

The project involves the construction of four semiconductor chip manufacturing plants in Sherman, Texas, the US.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2030.

The project aims to strengthen the domestic semiconductor supply chain and will create 3,000 jobs once completed.

3. K2 Manufacturing Facility, Japan – $18,175m

The project involves the construction of a flash memory manufacturing facilities in Kitakami, Iwate, Japan.

Construction work started in Q2 2022 and is forecast to complete in Q4 2023.

The project aims to meet the rising demand for NAND flash memory devices around the world.

4. Suffolk Downs Redevelopment, United States – $8,000m

The project involves the construction of a 1,505,029m2 mixed-use development on 65ha of land in Boston, Massachusetts, the US.

Construction work commenced in Q2 2022 and is expected to be completed in Q4 2040.

The project aims to attract employers of growing industries and create a truly dynamic live and work environment for the residents of Revere and East Boston.

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

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

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.

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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