The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. A key growth market will be the infrastructure market, with output rising by 0.9% 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 Europe’s five largest port facility construction projects that were initiated in Q1 2024, according to GlobalData’s construction projects database.
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1. Port of Cagliari New Ro-Ro Terminal
The project involves the construction of a new commercial port in Cagliari, Sardinia, Italy.
Construction work started in Q1 2024 and is expected to be completed in Q4 2029.
The project aims to welcome all the traffic of ferries and ro-ro ships currently moored in the historic port.
2. Croisiere Cruise Terminal Expansion
The project involves the expansion of a Croisiere cruise terminal on 20ha of land at the Port of Le Havre, located in the Seine-Maritime department, the Normandy region, France.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2025.
The project aims to increase economic impact and improve services, making Le Havre a benchmark for cruising.
3. La Spezia Cruise Terminal
The project involves the construction of a 16,035m2 cruise terminal in La Spezia, Liguria, Italy.
Construction work started in Q1 2024 and is forecast to complete in Q4 2026.
The project aims to achieve “LEED Gold” certification. Buy the profile here.
4. Cadiz Port Phase I and II Expansion
The project involves the expansion of port facilities of phases I and II in Cadiz, Andalusia, Spain.
Construction work commenced in Q1 2024 and is expected to be completed in Q2 2026.
The project’s aim is to meet the growing demand for a logistics platform for the Canary Islands and North Africa, with mainly import and export traffic, as well as cabotage and container transshipment.
5. Marchwood Port ABP Solent Gateway Development: Phase I
The project involves the construction of ABP Solent Gateway development on an 8.49ha site in Hampshire, England, the UK.
Construction work started in Q1 2024 and is expected to be completed in Q3 2025.
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.
