Here are the world’s five largest construction projects initiated in Q3 2022, according to GlobalData’s construction projects database.
1. New Albany Semiconductor Facility, United States – $20,000m
The project involves the construction of a semiconductor facilities on 404ha of land in New Albany, Licking county, Ohio the US.
Construction work started in Q3 2022 and is expected to be completed in Q4 2025.
The project aims to boosts the production of semiconductors to meet the demand of urge in advanced semiconductors and also have new innovative products in a new project called IDM 2.0 strategy.
2. Western Harbour Tunnel and Beaches Link, Australia – $10,938m
The project involves the construction of a twin, three-lane 6.5km road tunnel connecting Rozelle to Warringah Freeway and a tunnel connecting the Warringah Freeway to Balgowlah and Seaforth in Sydney, New South Wales, Australia.
Construction work commenced in Q3 2022 and is expected to finish in Q4 2027.
The project aims to relieve congestion on the Harbor Bridge and Harbor Tunnel, potentially diverting around 2,000 vehicles an hour.
3. Zhanjiang Third Largest Verbund Site Development, China – $10,134m
The project involves the construction of a Petrochemical plant in Guangdong, China.
Construction work started in Q3 2022 and is forecast to complete in Q4 2030.
The project aims to increase the production of ethylene glycol used as ingredients for polyesters chips fibers, PET bottle-grade chips, polyester industrial yarn, coolants, paint formulations, and wire enamels.
4. Yichang Lithium Battery Industrial Park, China – $8,830m
The project involves the construction of a lithium battery industrial park in Yichang, Hubei, China.
Construction work commenced in Q3 2022 and is expected to be completed in Q1 2025.
The project aims to meet the growing demand for lithium batteries and cathode materials in the region.
5. Related Santa Clara Mixed-Use Complex, United States – $8,000m
The project involves the construction of a mixed-use complex on 97.12ha of land at City Center site north of Levi’s Stadium in Santa Clara, California, the US.
Construction work started in Q3 2022 and is expected to be completed in Q3 2028.
The aim of the project is to provide residential and retail space with other modern amenities for people in the city.
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.