Here are the five largest construction projects initiated in Philippines during Q1 2022, according to GlobalData’s construction projects database.
1. San Fernando Cement Plant Expansion – $310m
The project involves the construction of a new cement production line with a production capacity of 3MTPA in South Poblacion, San Fernando, Cebu, Central Visayas, the Philippines.
Construction work started in Q1 2022 and is expected to be completed in Q2 2024.
The purpose of the project is to meet the growing demand for cement in the region.
2. Pangasinan Bulk Water Supply – $155m
The project involves the construction of infrastructure to enable the supply of 200MLD of water in Ilocos.
Construction work commenced in Q1 2022 and is expected to finish in Q1 2047.
The project aims to supply treated water to the province’s 16 municipalities and cities through the water districts. It is the first bulk water supply project in the province and in the region.
3. Penaranda Solar Power Facility 500 MW – $150m
The project involves the construction of a 500MW solar farm in Penaranda, Central Luzon, the Philippines.
Construction work started in Q1 2022 and is forecast to complete in Q4 2023.
The project aims to increase power generation capacity by using renewable energy sources to meet the growing energy demand in the region.
The project involves the construction of five 15-story residential towers comprising 1,650 units on 2.1ha of land in Metro Manila, the Philippines.
Construction work commenced in Q1 2022 and is expected to be completed in Q4 2026.
The project aims to provide better residential facilities in the region.
5. Cayanga-Bugallon Solar Power Plant 94MW – $95m
The project involves the construction of a 94 MW power plant on a 196ha, about 13 kilometers southwest of the province’s capital in Pangasinan, the Philippines.
Construction work started in Q1 2022 and is expected to be completed in Q4 2022.
The project aims to enhance power generation capacity and meet the growing demand for power in the region. The project will be the company’s second solar facilities after its 59MW peak solar plant in San Carlos City, Negros Occidental.
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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