Project Insight - Road Construction Projects: Asia-Pacific
Massive population increases and urbanization in Asia-Pacific has put a strain on transport infrastructure. CIC tracked projects show Asia-Pacific leading the regions in road investment. This report provides detailed analysis, information and insights based on 1345 CIC projects in Asia-Pacific, including detailed metrics on the region's road construction projects (as tracked by CIC) split by country and value. Country profiles are provided for the top 10 countries including China, India and Australia.
Timetric’s Construction Intelligence Center (CIC) is currently tracking road construction projects in Asia-Pacific with a total value of US$1.24 trillion, which includes projects from the announced to execution stages. If all projects proceed as planned, spending will reach US$249.3 billion in 2019 and will reduce to US$111.4 billion in 2021. The highest value of project completions will be in 2021, with a value of US$320.7 billion. China accounts for the highest value of the project pipeline, with a value of US$534.0 billion, followed by India with projects valued at US$263.5 billion. The two highest value projects are the US$80 billion Fuzhou to Taipei Highway: Taiwan Strait tunnel in China and the US$71 billion National Highway Development Program in India. Given the massive Chinese investment in road and other transport infrastructure in the region it is not surprising that four of the top ten contractors are based in China.
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 and km length if known. Ranked listings of the top participants for the sector are also provided showing the leading contractors, consulting engineers and project owners.
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