Project Insight: Road Construction Projects - Asia-Pacific
Summary GlobalData’s Construction Intelligence Center (CIC) is currently tracking road related construction projects in Asia-Pacific with a total value of US$1.297 trillion. Of this, US$727.5 billion is in the execution stage and US$303.3 billion is in the planning stage. China accounts for the highest value with US$632.2 billion, followed by India with projects valuing US$218.1 billion. Australia and Indonesia follow with road construction projects with a value of US$98.7 billion and US$71.4 billion respectively. The highest value road project and the highest value tracked globally is the US$80.0 billion Fuzhou to Taipei Highway: Taiwan Strait tunnel, which is due to start in 2020 and involves the construction of a 126km undersea expressway tunnel from Fuzhou to Taipei in China.
The rate of expansion in Asia-Pacific has necessitated expenditure on new transport infrastructure, and according to PwC, the region will need to spend US$5.36 trillion on infrastructure annually by 2025, representing nearly 60% of the world’s total. Asia-Pacific is the largest transport infrastructure market, with PwC expecting investments increasing from US$557bn to nearly US$900bn per year in 2025. Massive population increases and urbanization in the Asia-Pacific have put a strain on transport infrastructure, with countries such as Indonesia, India and China experiencing a shift of population from rural to urban areas. In the last 30 years, the urban population of China rose by 500 million, while in Indonesia over 50% of the population now lives in cities.
Key Highlights - The total pipeline of projects is valued at US$1.297 trillion with US$228.6 billion being spent in 2020 and US$62.4 billion in 2021. - The highest value of projects are at the execution stage with a total value of US$727.5 billion, followed by projects in planning with US$303.3 billion. - Projects that are in the pre-execution stage total US$160.5 billion, while those in the pre-planning stage have a value of US$102.6 billion. - Assuming all projects in the current pipeline proceed as planned, spending will reach US$228.6 billion in 2020 and fall to US$88.4 billion in 2022. The highest value of project completions will be in 2019, with a value of US$262.9 billion. - The top contractors in the region are China Communications Construction Company (CCCC) and China Railway Engineering Corporation (CREC). The top engineers are AECOM based in the US and SMEC Holdings Ltd Based in Australia.
Scope - The report provides analysis based on CIC projects showing total project values for Asia-Pacific and analysis by stage and funding for the top ten countries. - The top 50 projects are listed for the region giving country, stage, value of road construction. - Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners. - Country profiles are provided for the top 10 countries including China, India and Australia.
Reasons to buy - Gain insight into the development of the road construction sector. - Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities. - Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
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Gross Domestic Product
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