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July 29, 2022

Five largest port facility construction projects initiated globally in Q2 2022

By Carmen

Here are the largest port facility construction projects initiated globally in Q2 2022, according to GlobalData’s construction projects database.

1. Kampot Logistics And Multipurpose Port – $1,500m

The project involves the construction of a logistics and multipurpose port in Bokor, Kampot, Cambodia.

Construction work started in Q2 2022 and is expected to be completed in Q4 2030.

The project aims to enhance the marine transportation and logistics services sector of Kampot Province. It will create 10,000 direct and indirect jobs.

2. Ethane Terminal Development – $400m

The project involves the construction of an Ethane terminal in Laguna de Pajaritos, Coatzacoalcos, Veracruz, Mexico.

Construction work commenced in Q2 2022 and is expected to finish in Q4 2024.

The objective of the project is to build a world-scale ethane terminal. The project will be in the CIIT – Interoceanic Corridor of the Tehuantepec isthmus.

3. Aracruz Industrial Port Terminal – $223m

The project involves the construction of an industrial port terminal on an area of 35.4ha at Barra do Riacho, Aracruz, Espirito Santo, Brazil.

Construction work started in Q2 2022 and is forecast to complete in Q2 2025.

The objective of the project is to accommodate the 60-120-meter length of vessels in the port with a handling capacity of 2,000 tons per year.

4. Stornoway Deep Water Terminal – $66m

The project involves the construction of a 360m long cruise ship berth in the Isle of Harris, the UK.

Construction work commenced in Q2 2022 and is expected to be completed in Q2 2023.

The project aims to enhance the island’s potential in terms of the developing marine economy, which includes renewable energy, oil and gas decommissioning, and tourism.

5. Quarleshaven Quay Development – $46m

The project involves the construction of an 800m quay in Zeeland, the Netherlands.

Construction work started in Q2 2022 and is expected to be completed in Q4 2024.

The project aims to provide more space for the trans shipment of dry bulk such as wood pellets, gypsum, raw materials for the steel industry, organic agricultural products and boulders for reinforcing offshore wind turbines.

Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

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