The five costliest port construction projects for 2022
In 2022, 85 significant maritime construction projects worth a combined $45.6 billion began construction
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85 significant maritime building projects worth a combined $45.6 billion were started since the year 2022. According to the GlobalData construction project database, the top 10 most costly port projects of these have a total cost of almost $17 billion.
This is similar to how it was last year. Construction on 84 maritime projects began in 2021, costing $39 billion less.
Investment in the ports that allow commodities to move is more important than ever at a time when supply chains are under increasing scrutiny owing to Russia's invasion of Ukraine, rising energy costs, and a cost-of-living issue affecting consumers. Port facilities projects made for 40 of the marine projects that started construction in 2022, with a combined cost of more than $15 billion.
The ten most costly marine, port, and inland water building projects that have started in the recent year are listed below.
10 Namibe Bay Integrated Development, $643 million, Angola (AOA 324.3bn)
The Namibe Bay Port Integrated Development is being carried out at Namibe, Angola, in cooperation with Toyota Tsusho Company and TOA Corporation.
The project intends to diversify industry, create jobs, and revitalise the economy in the country's south. It will also improve the port's capacity to serve as a hub for imports and exports to and from African landlocked nations.
The work includes expanding the Namibe container terminal as well as renovating the Sacomar iron ore export terminal.
The construction of a new pier and the development of backlands are all part of the restoration of the Sacomar iron ore export terminal. A new container terminal, dredging projects, and the installation of container cranes are all part of the Namibe container port's growth.
The project will be constructed in two stages: first, the Saco Mar iron ore export terminal will be renovated; and second, the Namibe container terminal, which is situated on the opposite coast from Saco Mar, will be expanded.
Nippon Export Investment Insurance and the Japan Bank for International Cooperation are providing financial support for the project. The construction work will be handled by TOA Company.
The project's estimated completion date is Q2 2024, with construction beginning in Q3 2022.
9. Egypt's Abu Qir Container Terminal: $730 million (EGP 22.1bn)
A new container terminal at Abu Qir, Egypt, is being built by Hutchison Port Holdings (HPH) and the Egyptian Navy.
The project entails building a brand-new coastline for a container port. A storage yard, dock, dredging and reclamation work, canal development work, a revetment and retaining wall, a breakwater, and related supporting infrastructure such pipe networks, fire protection, water and electricity are all included in this project.
With 1,200 metres of quay length and a terminal yard covering 60 hectares of land, the terminal will have a capacity of 2 million twenty-foot equivalent units (TEU) when it is finished.
The principal building contractor and construction manager have been selected as China Harbour Engineering Corporation.
continuing construction
The building will be finished by 2024, with work starting in the second half of 2022.
8. Sri Lanka's Colombo West International Terminal, $789 million (LKR288.3bn)
Colombo West International Terminal is being built in Sri Lanka by Sri Lanka Ports Authority in collaboration with Adani International Port Holding (a subsidiary of Adani Group) and John Keells Holdings.
On 65ha of land, the proposal calls for the development of a container port with a 3 million TEU (Twenty-Foot Equivalent Unit) handling capacity per year. Two stages will be used to construct the new terminal.
The building business will construct an 800-metre-long jetty and set up 18 automated terminal cranes as part of phase one.
It also entails building a berth, a wharf, storage container terminals, a container repair area, a 1,400-metre-long jetty, access roads, parking facilities, and the installation of a container repair facility. systems for safety and security, and three barge cranes.
Beginning in November 2022, construction is anticipated to be finished in 2024.
7. Australia's Mardie Salt & Potash Plant: $890 million (AUD1.2bn)
At Mardie, Western Australia, BCI Minerals is building a processing facility for salt and sulphate of potash.
During the course of a 60-year working life, it will provide 200 operational employees and 450 construction jobs.
The project entails building a sulphate potash plant with a capacity to produce 140,000 tonnes of premium fertiliser per year and 5.35 million tonnes of high-purity salt annually.
It involves building a 100km2 evaporation pond and crystallizer system, two processing plants, a new export facility, a centralised gas-fueled power station, a 2.4km jetty structure, a village of 400 lodging units, the installation of a fluidized bed dryer, and the installation of harvesting equipment, mixing equipment, pre-crushing equipment, and security. and security measures.
The first salt is anticipated to ship in the third quarter of 2025, with the main building work starting on March 25, 2022.
Sixth: CMA Terminals Khalifa Port, UAE, $899 million (AED3.3bn)
CMA Terminals Khalifa Port is being built by Abu Dhabi Ports at Taweelah, Abu Dhabi, United Arab Emirates. There are two stages to the project's development.
Phase 1 entails building a 1,200-metre quay wall, a 3,800-metre breakwater, a rail platform that is entirely built out, reefers, an 11kV substation, electric rubber tyred gantries (e-RTGs), as well as other machinery, equipment, and related facilities.
Phase 2 entails the construction of a 1200m x 580m container yard (which will serve as a general cargo terminal), 36 single buildings, a yard road with 610,000 flat piles, a hub room, office, and restroom blocks, as well as an external road network to link the current CT2 road and the future CT3 road, a three-story administrative building, and other facilities.
a 346,000 linear metres of a professional integrated pipe network, a two-story workshop and office building, utility buildings, OCR, in and out gates, reconfiguration of the existing roads, installation of utility connections from the existing networks from the CT1/CT2 and Etihad Rail development, electromechanical and communication equipment, and related facilities.
For the construction of the project, Abu Dhabi Ports and CMA CGM Company have a 35-year concession agreement. The building project is expected to be finished by 2024 after starting in Q3 2022.
5. Cyprus' Larnaca Port and Marina Development: $1.4 billion (or $1.2 billion).
The Larnaca Port and Marina are being developed in Larnaca, Cyprus, by the Cyprus Ports Authority.
The project's objectives include creating a top-notch cruise and marina facility, an environmentally and economically viable "green" development, iconic public and private structures, maximising the site's potential, and long-term development for Larnaka.
The project entails 650 berths of marina expansion and a 510,000 m2 total area of port and adjacent redevelopment. It also includes expanding the current marina to accommodate 650 yachts and vessels that range in size from five to 150 metres.
Four phases will be used to create the project;
A new road, a yacht club, 5,000 square metres of office space in the marina, restaurants, gathering places, sailing and diving schools, and boat stores are all being built in the first phase.
The second phase will see the development of a university for environmental and energy studies, a hotel, a tourist college, a medical school and centre, and 10,000m2 of instructional space.
In the third phase, 45 opulent villas will be built together with a residential complex, a five-star business hotel, a shopping mall, and two more residential complexes that will be served by the hotel.
The fourth phase entails the construction of office buildings, modest student flats with individual parking spots, and the western development of the project.
As the project takes shape in stages, the precise scope will be defined.
According to GlobalData, construction on Marina started in Q3 2022 and is expected to be finished in its entirety by the end of 2034.
a new road, a yacht club, a 5,000-square-foot marina office building, restaurants, event spaces, sailing and diving schools, and boat stores are all being built.
The second phase will see the development of a university for environmental and energy studies, a hotel, a tourist college, a medical school and centre, and 10,000m2 of instructional space.
In the third phase, 45 opulent villas will be built together with a residential complex, a five-star business hotel, a shopping mall, and two more residential complexes that will be served by the hotel.
The fourth phase entails the construction of office buildings, modest student flats with individual parking spots, and the western development of the project.
As the project takes shape in stages, the precise scope will be defined.
Marina's construction project got underway in Q3 2022, and according to GlobalData, the entire project should be finished by the end of 2034.
4. Cambodia's Kampot Logistics and Multifunction Port: $1.5 billion (KHR6150bn)
At Bokor, Kampot, Cambodia, the Kampot Logistics and Port Company is building a multipurpose port and logistics hub.
Over 600 hectares of land, the project will be built in three phases and will include a multipurpose port that can handle ships weighing up to 100,000 tonnes and a logistics hub.
The initiative intends to develop Kampot Province's maritime transportation and logistics services industry. 10,000 jobs, both direct and indirect, will be produced.
Gatehouses, parking structures, residential areas, administrative buildings, customs houses, business centres, truck overflow areas, container yards and terminals, bulk terminals, break bulk terminals, bonded warehouse zones, storage areas, bonded areas, cruise terminals, and barge terminals are all included in phase one's construction.
and versatile storage.
A trade zone is part of phase two, while an oil storage area, an oil refinery zone, an oil terminal, an LPG terminal, and an LNG terminal are all parts of phase three.
If finished, the port will be able to accommodate up to 600,000 TEUs in 2030 and 300,000 TEUs in 2025.
The construction work is being done by Shanghai Construction Group and China Road and Bridge Company.
The first phase's construction is expected to be finished by 2025 and started in May 2022.
3. Australia's Port Hedland Inner Harbor Debottlenecking: $2 billion (AUD2.5bn)
The Western Australian Inner Harbour Debottlenecking Project has been upgraded by BHP Billiton, a multinational natural resources firm.
The project includes building port export infrastructure facilities that increase capacity from the present 220 million tonnes per year (MTPA) to exceed 290 MTPA. It involves building infrastructure for port blending, automobile dumpers, and ship loaders.
This Pilbara Port Hedland Extension project will enable BHP Billiton Iron Ore's export capacity to meet anticipated increases in regional output and maintain its competitiveness as market demand rises.
Beginning in December 2022, work is anticipated to be completed by 2025.
2. Dominican Republic's Pedernales Tourist Development, $2.3 billion (DOP 129.4bn)
At Cabo Rojo, Dominican Republic, the Dominican Republic Ministry of Tourism is developing a tourist area.
Six 4,700-room hotels, a drinking water distribution system, a pluvial drainage system, a wastewater treatment facility, the Cabo Rojo port, four docking locations, a passenger greeting centre, a water park, a commercial district, a spa, and a boutique hotel are all part of the project.
Along with a maintenance area, a beach area, 9.2 kilometres of sanitary sewage, storm drainage, 8.3 kilometres of drinking water supply, a new cruise terminal, internal roads, the Enriquillo-Pedernales highway, golf courses, a marina, a yacht club, a commercial district, an international airport, and the expansion of the maritime terminal to have up to up to four berthing spaces.
During the course of ten years, the project will be developed in four parts. There will be six hotels in the initial phase.
The project's goal is to create jobs, as well as to build roads, power plants, and an airport, among other things.
In addition, 20,000 direct employment and 50,000 indirect jobs would be generated. The provinces of Barahona, Pedernales, Independencia, and Bahoruco, which make up the Enriquillo Area, will all gain employment as a result.
France's Seine Nord Europe Canal cost $6.1 billion (or 5.1 billion)
The construction of the Seine Nord Europe Canal in France between Noise and Aubencheul-au-Bac is being done by Voies Navigable De France (VNF).
A 54 m wide and 4.5 m deep canal of 107.4 km in length, seven water locks, three canal bridges, 61 road and rail bridges, two loading docks, one water reservoir, four platforms, five-grain docks, access roads, and other amenities are all part of the project.
Two railroad bridges will be built as part of the project, which will be built on 2,450 hectares of land in Creil-Jeumont and Amiens.
Phase I of the project will include the stretch from Compiègne to Passel, followed by Phases II from Passel to Allaines, Phase III from Allaines to Etricourt-Manancourt, and Phase IV (Etricourt-Manancourt to Aubencheul-au-Bac).
The objective of By connecting France's Seine River to Belgium, Germany, and the Netherlands, the project aims to reduce regional CO2 emissions by transporting around 13 million tonnes of freight by river annually, or the equivalent of 500,000 trucks.
This connection is one of the key projects of the core network corridor identified as a bottleneck—the North Sea to the Mediterranean—and is on the list of trans-European transport network (TEN-T) priority projects.
10,000 individuals will have access to jobs thanks to the project. Beginning in September 2022, construction is anticipated to be finished by 2030.
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