The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by -2.8% in 2023. A key growth market will be the infrastructure market, with output rising by -2.8% 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.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega projects in Europe, costing over $100m each.Here are the five largest construction projects initiated in Europe during Q4 2024, according to GlobalData’s construction projects database.
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1. Northern Port Container Terminal Extension
The project involves the extension of the Northern Container Terminal facilities in Valencia, Spain.
Construction work started in Q4 2024 and is expected to be completed in Q4 2029.
The project’s aim is to improve the export capacity of Valencian companies which also means that the Community “is well-positioned to generate confidence, stability, employment and, above all, development possibilities. The expanded space will have the capacity for around five million containers and is designed to cope with the expected container traffic on the horizon of 2050. The construction work was supposed to commence in the first quarter of 2022, however, the construction for phase I was delayed due to technical and administrative reasons. Buy the profile here.
2. Nysa Cathode Active Material Manufacturing Plant
The project involves the construction of a cathode active materials (CAM) and precursor materials (pCAM) manufacturing plant in Opole Voivodeship, Poland.
Construction work commenced in Q4 2024 and is expected to finish in Q3 2025.
The project aims to increase annual production capacity to 160 GWh, which corresponds to 2.2 million electric vehicles by the end of 2030.
3. Jawor Electric Vehicle Manufacturing Plant
The project involves the construction of an electric vehicle manufacturing plant in Lower Silesian Voivodeship, Poland.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
The purpose of the project is to meet the demand for electric vehicles in the region. Buy the profile here.
4. Pfaffenhofen an der Ilm Pharmaceutical Plant
The project involves the construction of a new building for Antibody-Drug Conjugate (ADC) in Pfaffenhofen an der Ilm, Bavaria, Germany.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2030.
5. A-7 Crevillente to Alhama de Murcia Highway Development
The project involves the construction of a highway between Crevillente and Alhama in Murcia, Spain.
Construction work started in Q4 2024 and is expected to be completed in Q4 2030.
The project’s aim is to provide state-of-the-art road transportation infrastructure and improve its service level and improve the long-distance journey between the areas. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
