According to GlobalData, the value of India construction market is forecast to grow by 5.2% in real terms in 2024, having grown by 6.6% in 2023. 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 railway infrastructure construction projects that commenced in India in Q3 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. RRTS Delhi to Alwar Rail Corridor
The project involves the construction of a 164km rail corridor that runs from Delhi to Alwar through Rewari in India.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The project aims to provide enhanced transport infrastructure in Haryana and Delhi as part of plans for the economic development of the region.
2. Shilphata-Zaroli Road Section: Package C-3
The project involves the construction of a 135km high-speed rail from Shilphata to Zaroli in India.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2027.
The project aims to provide enhanced transport infrastructure in Maharashtra and Gujarat as part of plans for the economic development of the region.
3. Kottavalasa-Koraput Railway Tunnel
The project involves the construction of six railway tunnels from Kothavalasa in Andhra Pradesh to Koraput in Odisha in India.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
The project aims to provide better transport facilities to the tribal areas in the region.
4. Chhatrapati Shivaji Maharaj Terminus Redevelopment
The project involves the redevelopment of the 254,000m2 Chhatrapati Shivaji Maharaj Terminus in Mumbai, Maharashtra.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2027.
The project aims to develop the existing terminus and provide better transportation and infrastructure facilities in the region.
5. Asansol Railway Station Redevelopment
The project involves the redevelopment of the railway station in Asansol, West Bengal.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
