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October 11, 2021

The five largest construction projects initiated in South and Central America in Q3 2021

By Carmen

Here are the five largest construction projects initiated in South and Central America during Q3 2021, according to GlobalData’s construction projects database.

1. Caracas Metro Line 5 – $3,992m

The project involves the construction of a metro system in Caracas, Venezuela.

Construction work started in Q3 2021 and is expected to be completed in Q3 2024.

The objective of the project is to build a rail system to reduce traffic congestion and travel distance in the region.

The metro line will connect Zona Rental II, Bello Monte, Las Mercedes, Parque Simón Bolívar, Bello Campo, Hugo Chávez, Monte Cristo, Boleita, El Marqués and Warairarepano areas in Caracas, Venezuela.

2. Mexico City Metro Line 1 Modernization – $1,938m

The project involves the modernization of Metro Line 1 in Mexico City, Mexico.

Construction work commenced in Q3 2021 and is expected to finish in Q4 2023.

The objective of the project is to promote safer and more environment-friendly transport options in the region.

3. Rajo Inca Mine: Copper Production Plant Expansion – $1,383m

The project involves the expansion of fine copper production plant at Rajo Inca mine at Salvador division, Diego de Almagro, Chañaral, Atacama, Chile.

Construction work started in Q3 2021 and is forecast to complete in Q1 2023.

The objective of the project is to convert Salvador from an underground mine to an open-pit, and requires the company first strips away rock covering the mineral deposits and will extend the working life of the mine by 47 years.

4. Jaiba Sol do Cerrado Solar Power Complex 1357 MW – $1,167m

The project involves the construction of a 1357MW solar photovoltaic power complex on 5500ha of land in Jaíba, Minas Gerais, Brazil.

Construction work commenced in Q3 2021 and is expected to be completed in Q3 2023.

The objective of the project is to increase the solar power generation capacity to meet the demand for power in the region.

5. Laguna Colorada Geothermal Power Plant 100 MW – $691m

The project involves the construction of a 100MW geothermal power generation plant at Sud Lipez in Potosi, Bolivia.

Construction work started in Q3 2021 and is expected to be completed in Q4 2023.

The Laguna Colorada geothermal project is located near the border with Chile in Sud Lipez.

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.