According to GlobalData, the value of China construction market is forecast to grow by 4.4% in real terms in 2024, having grown by 4.4% in 2023. A key growth market will be the infrastructure market, with output rising by 18.0% 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 China in Q3 2024, according to GlobalData’s construction projects database.
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1. Mianyang-Suining Railway Line
The project involves the construction of a 136km railway line between Mianyang and Suining in Sichuan.
Construction work started in Q3 2024 and is expected to be completed in Q3 2027.
The project aims to reduce traffic congestion, travel time and distance between the cities.
2. Hangzhou Metro Line 12: Phase I
The project involves the construction of a 26km metro line in Hangzhou, Zhejiang.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2028.
The objective of the project is to build a rail system to reduce traffic congestion and travel distance.
3. Shenzhen Metro Line 19
The project involves the construction of a 33km metro railway line in Shenzhen, Guangdong.
Construction work started in Q3 2024 and is forecast to complete in Q4 2031.
The objective of the project is to build a rail system to reduce traffic congestion and travel distance in the region.
4. Beijing Metro Line M101: Phase I
The project involves the construction of a 19km metro rail line in Beijing.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2027.
The objective of the project is to improve the traffic system and reduce travel time and distance.
5. Changzhou Metro Line 6: Phase I
The project involves the construction of a 28.90km metro line from Wujin Station along the Yangtze River to at Jianye Road Station at the intersection of Huanghe Road and Jianye Road in Changzhou, Jiangsu.
Construction work started in Q3 2024 and is expected to be completed in Q3 2029.
The objective of the project is to build a rail system to reduce traffic congestion and travel distance.
For more details on the latest construction projects, buy the profiles here.
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