The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2023, having grown by 4.0% in 2022. A key growth market will be the infrastructure market, with output rising by 2.5% 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 South and Central America’s five largest hospital construction projects that were initiated in Q1 2023, according to GlobalData’s construction projects database.
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1. Barros Luco Trudeau Hospital Development
The project involves the construction of a new hospital building in San Miguel, Santiago, Chile.
Construction work started in Q1 2023 and is expected to be completed in Q3 2027.
The project aims to meet the long-term demand for medical facilities in the region by adding advanced medical apparatus and expanding different types of facilities. The project will provide better-quality medical services to Santiago, with the improved hospital environment and patient services.
2. CRS Hospital Provincia Cordillera Phase II
The project involves the construction of a hospital on a 30ha site area in the commune of Puente Alto, Cordillera, Chile.
Construction work commenced in Q1 2023 and is expected to finish in Q1 2026.
The objective of the project is to provide better health care facilities in the region. Buy the profile here.
3. San Alejandro Hospital Development
The project involves the construction of a hospital in Cholula, Puebla City, Mexico.
Construction work started in Q1 2023 and is forecast to complete in Q2 2024.
The previous San Alejandro hospital was damaged in an earthquake on September 19, 2017, and IMSS will build four hospitals instead of one to provide better health care facilities in the region. Buy the profile here.
4. Tampico General Hospital Development
The project involves the construction of a general hospital in Avenida Las Torres, Tampico, Tamaulipas.
Construction work commenced in Q1 2023 and is expected to be completed in Q4 2024.
The project’s primary objective is to strengthen medical services and develop the region’s healthcare facilities.
5. Bella Vista Professional Hospital
The project involves the construction of a professional hospital on a 4ha land area in Bella Vista, Panama City, Panama District, Panama.
Construction work started in Q1 2023 and is expected to be completed in Q3 2026.
The project’s main objective is to provide better healthcare facilities in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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