Here are the five largest construction projects initiated in Australia during Q3 2021, according to GlobalData’s construction projects database.
1. Legune Station Sea Dragon Farm – $1,463m
The project involves the construction of prawn farms on 10,000ha of land at Legune Station, on the border of the Northern Territory and Western Australia, Australia.
Construction work started in Q3 2021 and is expected to be completed in Q4 2025.
Project Sea Dragon is a world-class industrial-scale marine protein development project in Northern Australia seeking to grow and export reliable long-term supplies of sustainable, high-quality volumes of Black Tiger Prawns to international markets, primarily in Asia.
2. Mount Holland Lithium Project – $1,400m
The project involves the construction of a lithium mine concentrator and a processing plant with 50,000TPA capacity in Kwinana, Western Australia, Australia.
Construction work commenced in Q3 2021 and is expected to finish in Q2 2024.
The aim of the project is to increase production of lithium to meet the growing global demand for the metal, particularly for use in electric vehicle batteries.
3. Brisbane Metro Rail Line – $949m
The project involves the construction of a 21km high-frequency metro rail line in Brisbane, Queensland, Australia.
Construction work started in Q3 2021 and is forecast to complete in Q4 2023.
The project aims to cut travel times, reduce Central Business District (CBD) bus congestion, and improve services to the suburbs.
4. Elizabeth Quay Lot V and Lot VI Mixed-Use Complex – $841m
The project involves the construction of two mixed-use towers on a 7,000m2 area comprising a 58-story mixed-use tower and a 21-story commercial tower on Lot 5 and 6 at Elizabeth Quay in Perth, in Western Australia, Australia.
Construction work commenced in Q3 2021 and is expected to be completed in Q4 2025.
The project aims to provide a mixed-use facilities including residential, commercial, retail, and office facilities in the region.
5. Waterfront Newstead Mixed-Use Development – $714m
The project involves the construction of a mixed-use development in Newstead, Queensland, Australia.
Construction work started in Q3 2021 and is expected to be completed in Q1 2024.
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.
