The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% 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 Asia Pacific’s five largest railway infrastructure construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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1. Changsha-Liuyang Maglev Express Line
The project involves the construction of a 48.73km maglev rail line from Changsha to Liuyang in Hunan, China.
Construction work started in Q4 2024 and is expected to be completed in Q4 2031.
2. Changsha Metro Line 4 North Extension
The project involves the construction of a 14.88km north extension of metro line 4 in Changsha, Hunan, China.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2028.
The objective of the project is to build a rail system to reduce congestion. Buy the profile here.
3. Yurakucho Metro Line Expansion
The project involves the construction of a 4.9km metro line from Toyosu to Sumiyoshi in Tokyo, Japan.
Construction work started in Q4 2024 and is forecast to complete in Q3 2030.
The project aims to serve the waterfront area of Tokyo’s Koto Ward. Buy the profile here.
4. Luni-Samdari-Bhildi Railway Line Doubling
The project involves the upgrade of a 278km railway line from Luni to Bhildi via Samdari in India.
Construction work commenced in Q4 2024 and is expected to be completed in Q3 2028.
5. Islamkot to Chor Railway Line
The project involves the construction of a 105km railway line from Islamkot to Chor in Sindh, Pakistan.
Construction work started in Q4 2024 and is expected to be completed in Q4 2025.
The project aims to transport coal to the upcountry. Buy the profile here.
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.
