The value of Brazil construction market is forecasted by GlobalData to grow by 2.7% in real terms in 2024, having grown by 7.4% in 2023. A key growth market will be the infrastructure market, with output rising by 3.7% 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 five largest construction projects initiated in Brazil during Q3 2024, according to GlobalData’s construction projects database.
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1. Angra 3 Nuclear Power Plant 1405 MW
The project involves the construction of a nuclear power plant with a generation capacity of 1,405MW on an 82,000m2 area in Central Nuclear Almirante Álvaro Alberto Complex (CNAA), Angra dos Reis, Rio de Janeiro.
Construction work started in Q3 2024 and is expected to be completed in Q4 2031.
The aim of the project is to meet the growing energy demand in the region.
2. Santos Basin Oil Field Development
The project involves the development of an oil and gas field in Santos Basin pre-salt, offshore Brazil.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2027.
The main objective of the project is to enhance oil and gas production potentials in Brazil and to improve the environmental conditions by eliminating flaring.
3. Belo Horizonte Metro Line Expansion
The project involves the expansion and modernization work of metro lines in Belo Horizonte, Minas Gerais.
Construction work started in Q3 2024 and is forecast to complete in Q4 2029.
The construction of the Belo Horizonte Metro started in the 80s by the federal government, taking the route of the old railway line, segregating in parallel lines and cargo transport.
4. BR-153/080/414/GO/TO Highway Duplication Anapolis to Alianca do Tocantins
The project involves the duplication of an 850.7km of the BR-153/080/414/GO/TO highway between Anápolis in Goiás and Aliança in Tocantins.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2028.
5. Terminal Ponta Negra
The project involves the construction of a Marica Port of Pre sal development at Praia de Jacone, Marica, Rio de Janeiro.
Construction work started in Q3 2024 and is expected to be completed in Q1 2027.
The project will be installed at Terminals Ponta Negra (TPN), the beach of Jacone, in Marica, Rio de Janeiro.
For more details on the latest construction projects, buy the profiles here.
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