The value of Canada construction market is forecasted by GlobalData to grow by 1.5% in real terms in 2024, having grown by 1.7% in 2023. A key growth market will be the infrastructure market, with output rising by 2.3% 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 five largest construction projects initiated in Canada during Q3 2024, according to GlobalData’s construction projects database.
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1. New England Clean Power Link
The project involves the laying of a 241.4Km High Voltage direct current 1,000,000 Kilovolts (kV) (1,000 MW) underwater and underground transmission cable from Quebec through Vermont to Ludlow in North America, the US.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
The aim of the project is to carry up to 1,000MW of Canadian hydro-electricity to supply about one million homes in Ludlow and plug into the New England electric grid. Transmission Developers Inc. is developing this project with the name TDI New England.
2. Proteus Alberta Solar Farm 205 MW
The project involves the construction of a 205MW solar farm and 60MW battery storage plant on 529ha of land in Taber, Alberta.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2025.
The project aims to meet the supply and demand of electricity in the region and provide enough electricity to power the region.
3. Goose Harbour Lake Wind Farm 131 MW
The project involves the construction of a wind farm with a 131MW generating capacity in Guysborough County, Nova Scotia.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
The project will bring significant local investment, jobs, clean electricity to the province and helping Nova Scotia transition from coal to renewable energy. Buy the profile here.
4. Springbrook Flour Milling Facility
The project involves the construction of a wheat flour milling facilities in Innisfail, Alberta.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
5. Prince Edward County Memorial Hospital
The project involves the construction of an 8,571m2 hospital building in Prince Edward, Ontario.
Construction work started in Q3 2024 and is expected to be completed in Q1 2028.
The aim of the project is to enhance better healthcare facilities for people in the region. 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.
