According to GlobalData, the value of India construction market is forecast to grow by 5.2% in real terms in 2023, having grown by 6.6% in 2022. A key growth market will be the infrastructure market, with output rising by 6.1% 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 the top five road infrastructure construction projects that commenced in India in Q4 2023, according to GlobalData’s construction projects database.
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1. Vijayawada To Nagpur Express Highway
The project involves the construction of a 457km-long expressway from Vijayawada in Andhra Pradesh to Nagpur in Maharashtra.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to enhance the socio-economic condition and improve the road transportation network between the states. It will also increase vehicle handling capacity and reduce traffic congestion. Buy the profile here.
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2. Chennai Port to Maduravoyal Double-Decker Flyover
The project involves the construction of a double-decker flyover from Chennai port to Maduravoyal in Tamil Nadu.
Construction work commenced in Q4 2023 and is expected to finish in Q2 2026.
The aim of the project is to reduce traffic congestion in the city for 20-25 years and ease traffic.
3. Chennai Port to Maduravoyal Elevated Expressway
The project involves the construction of a 20.6km six-lane elevated expressway connecting Chennai Port to Maduravoyal in Tamil Nadu.
Construction work started in Q4 2023 and is forecast to complete in Q1 2026.
The project aims to reduce traffic congestion and provide a better transport network in the region. Buy the profile here.
4. Mysore to Kushalnagar Road Upgrade
The project involves the construction of a four-lane, 115km connecting Mysore to the Kushalnagar section of NH-275 in Karnataka.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2027.
The project aims to improve the road transport network to increase vehicle-handling capacity and traffic congestion. Buy the profile here.
5. NH-150C MH/KN Border to Maradgi S Andola Section
The project involves the construction of a 71km-long six-lane, greenfield highway from MH/KN Border (Badadal) to Maradgi S Andola section of NH-150C road in Karnataka.
Construction work started in Q4 2023 and is expected to be completed in Q4 2025.
It will be developed as a part of the Akkalkot-Karnataka/Telangana Border greenfield section under the Chennai-Surat Expressway.
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.
