According to GlobalData, the value of Spain construction market is forecast to decline by 0.3% in real terms in 2024, having grown by 3.5% in 2023. A key growth market will be the infrastructure market, with output rising by 2.9% 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 the top five railway infrastructure construction projects that commenced in Spain in Q1 2024, according to GlobalData’s construction projects database.
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1. Bilbao Metro Line V Development
The project involves the construction of the Bilbao Metro Line V Development in Basque Country.
Construction work started in Q1 2024 and is expected to be completed in Q1 2029.
The project’s aim is to provide state of the art transportation infrastructure in the region. Buy the profile here.
2. Malaga Metro Line II Extension
The project involves the expansion of Metro Line II in Malaga, Andalusia.
Construction work commenced in Q1 2024 and is expected to finish in Q2 2028.
The project’s aim is to develop state-of-the-art transportation infrastructure to cater to the growing demand for 21 million passengers in the region. Buy the profile here.
3. Santiago Bernabéu Metro Station Renovation
The project involves the renovation of the Santiago Bernabéu Metro Station on the metro line 10 in Madrid.
Construction work started in Q1 2024 and is forecast to complete in Q1 2027.
The main objective of the project is to improve traffic during the football match days and also improve the experience of daily commuters. Buy the profile here.
4. Montcada-Bifurcació Station Renovation
The project involves the renovation and remodeling of the Montcada Bifurcació station in Barcelona, Catalonia.
Construction work commenced in Q1 2024 and is expected to be completed in Q4 2026.
The project’s aim is to reconfigure its infrastructure, both on tracks and platforms, to turn it into a new terminal for regional services. Buy the profile here.
5. Lugo Train Station Development
The project involves the construction of a new railway station in Lugo, Galicia.
Construction work started in Q1 2024 and is expected to be completed in Q2 2026.
The proposed, new railway station will cater to the growing demand for passengers through the renewal of the Lugo–Ourense line which connects the city with a high-speed corridor. The passenger building will be integrated into the intermodal plaza which will connect the railway and bus stations. 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.
