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 road infrastructure construction projects that commenced in China in Q2 2024, according to GlobalData’s construction projects database.
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1. G4 Beijing-HongKong-Macao Expressway: Leiyang Dashi to Yizhang (Hunan-Guangdong border) Section Reconstruction and Expansion
The project involves the construction of a 144.30km highway from Leiyang Dashi to Yizhang (Hunan-Guangdong border) Section in Hunan.
Construction work started in Q2 2024 and is expected to be completed in Q2 2027.
2. Changchun Metropolitan Area Ring Expressway: Yitong to Gongzhuling to Nong’an Section
The project involves the construction of a Changchun Metropolitan Area Ring Expressway: from Yitong to Gongzhuling to Nong’an Section in Jilin.
Construction work commenced in Q2 2024 and is expected to finish in Q4 2026.
The project aims to build an expressway to increase highway mobility and reduce traffic, travel times, and distances. Buy the profile here.
3. Longlin Weile-Gebu Highway:Phase II
The project involves the construction of a 51.30km highway from Longlin Weile to Gebu in Guangxi.
Construction work started in Q2 2024 and is forecast to complete in Q2 2028.
The purpose of the project is to expand the highway network and reduce traffic, travel time, and distance in the region.
4. Zhenba-Shaanxi Sichuan Boundary Expressway
The project involves the construction of a 32.66km long highway from Zhenba to Shanchuan Border in China.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2027.
5. Cenxi-Daxin Highway Expansion
The project involves the construction of a highway from Cenxi to Daxin (Lipu-Yulin Expressway Common Line Section) expansion in Guangxi.
Construction work started in Q2 2024 and is expected to be completed in Q1 2025.
The project aims to expand an expressway to increase mobility, and to provide a smooth flow of traffic.
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.
