Here are the five largest construction projects initiated in Spain during Q2 2022, according to GlobalData’s construction projects database.
1. Muga Potash Mine Development – $354m
The project involves the construction of a potash mine in Navarre.
Construction work started in Q2 2022 and is expected to be completed in Q4 2024.
The potash project is expected to generate up to 1,000 jobs during the construction phase, and approximately 500 direct jobs and 900 indirect jobs for operations and maintenance of the mine when it starts production.
2. Ourense High-Speed Railway External Variant Development – $350m
The project involves the construction of the Ourense high-speed Railway External Variant development with a total length of 18km in Galicia.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2026.
The project’s aim is to meet the growing demand for high-speed railway infrastructure in the region
3. Hospital Joan XXIII Redevelopment – $267m
The project involves the redevelopment of the Hospital Joan XXIII on a 5.5ha area with a total gross floor area of 72,000m2 in Tarragona, Catalonia.
Construction work started in Q2 2022 and is forecast to complete in Q4 2026.
The project’s aim is to enhance health care facilities in order to meet the growing demand in the region.
4. Arteixo Office Building Expansion – $250m
The project involves the construction of an office building in Arteixo, A Coruña, Galicia.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2023.
The project’s aim is to meet the growing demand for Zara company’s business requirements and to promote horizontal work dynamics between designers, pattern makers and commercial professionals at the premise.
5. Madrid Chamartín Railway Station Upgradation – $250m
The project involves the up-gradation of the Chamartín-Clara Campoamor Railway Station in Madrid.
Construction work started in Q2 2022 and is expected to be completed in Q2 2026.
The project aims to adapt the station to the increase in traffic expected due to the upcoming entry into the service of new sections of the high-speed network, the liberalization of passenger transport by rail and the standard gauge tunnel that will connect it to the Madrid Puerta de Atocha Station.
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.