The five largest construction projects initiated in Asia Pacific in Q4 2021

Here are the five biggest construction projects initiated in future of the construction market in Asia-Pacific during Q4 2021, according to GlobalData's construction projects data set.

1. M6 Motorway Expansion - $7,850m

The venture involves the extension of the 23km M6 Motorway in Southern Sydney, New South Wales, Australia.

Construction work began in Q4 2021 and is supposed to be finished in Q4 2025.

The point of the task is to further develop travel times and decrease gridlock.

2. Wuhan Chow Tai Fook Financial Center - $7,178m

The venture involves the construction of a 475m skyscraper tower in Wuhan, Hubei, China.

Construction work started in Q4 2021 and is supposed to finish in Q4 2026.

3. Tuban Olefin Complex Development Project - $4,900m

The task involves the construction of an olefin creation complex with a creation limit of 1 million tons of Polyethylene and 600,000 tons of Polypropylene in Tuban, East Java, Indonesia.

Construction work began in Q4 2021 and is estimate to finish in Q4 2024.

The main point of the task is to foster petrochemical offices to create methanol, propylene, and polypropylene from petroleum gas.

4. Qingdao Shenyuanhai Offshore Wind Farm 2000 MW - $4,238m

The task involves the construction of the 2000MW Qingdao Shenyuanhai Offshore Wind Farm project in Qingdao, Shandong, China.

Construction work started in Q4 2021 and is supposed to be finished in Q4 2024.

The undertaking means to increase the power age ability to satisfy the growing need using sustainable sources in the district.

5. Iron Bridge North Star Magnetite Stage II Processing Plant - $3,500m

The venture includes the construction of a 22MTPA mineral processing plant in Western Australia, Australia.

Construction work began in Q4 2021 and is supposed to be finished in Q4 2025.

The venture plans to create great magnetite concentrate to trade as much as 15 million tons every year to China, Asia, and the Middle East.

Strategy: This investigation is drawn from GlobalData's worldwide construction projects data set, which tracks new construction projects more than $25m from declaration to the end.

Decision's parent organization GlobalData plc gives business information to 4,000 of the world's biggest organizations.

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