Five largest construction projects initiated in Philippines in Q3 2021
By Carmen | Design Build Network | October 21, 2021
Here are the five largest construction projects initiated in Philippines during Q3 2021, according to GlobalData’s construction projects database.
1. Marawi Rehabilitation and Development – $122m
The project involves rehabilitation and development of the Marawi Transcentral Road in Mindanao, the Philippines.
Construction work started in Q3 2021 and is expected to be completed in Q4 2025.
It is part of the program comprising the construction, rehabilitation, and improvement of 176.6km of roads, linking of the Bangsamoro Autonomous Region in Muslim Mindanao to the trade centers of Mindanao.
2. San Fernando Mixed-Use Complex – $119m
The project involves the construction of a mixed-use complex on 2.8ha of land in Telabastagan, San Fernando, the Philippines.
Construction work commenced in Q3 2021 and is expected to finish in Q4 2023.
The main aim of the project is to cater to the growing demand for residential and commercial facilities in the region.
3. Baras Solar Power Plant 115 MW – $100m
The project involves the construction of an 115MW solar power plant in Baras, Rizal, the Philippines.
Construction work started in Q3 2021 and is forecast to complete in Q1 2022.
The aim of the project is to meet the growing demand for power in the region.
4. Masters Tower Cebu Mixed-Use Development – $83m
The project involves the construction of a 192m, 50-story mixed-use complex on 0.28ha of land in Cebu, the Philippines.
Construction work commenced in Q3 2021 and is expected to be completed in Q4 2025.
The project aims to provide better office, retail, and hospitality facilities in the region.
5. Mandtra Residences – $64m
The Mandtra Residences involves the construction of three towers comprising 1,879 units on 1.2 ha of land in Cebu, the Philippines.
Construction work started in Q3 2021 and is expected to be completed in Q4 2027.
The project aims to provide better residential facilities in the region.
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.
Source: Design Build Network