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The global buildings construction market is expected to grow from $5878.86 billion in 2020 to $6454.05 billion in 2021 at a compound annual growth rate (CAGR) of 9.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8751.56 billion in 2025 at a CAGR of 8%.
Asia Pacific was the largest region in the global buildings construction market, accounting for 44% of the market in 2020. North America was the second largest region accounting for 27% of the global buildings construction market. Africa was the smallest region in the market.
By Adam Hill
CRCC offered a total concession income of around $1.1bn (image courtesy: Chile’s General Directorate of Public Works Concessions)
Chile has awarded China Railway Construction Corporation (CRCC) a build-concession contract to upgrade and operate a 195km toll highway - the Talca-Chillán section of Route 5.
CRCC offered a total concession income of around US$1.1 billion in what Chile’s General Directorate of Public Works Concessions said is the first such contract awarded to a Chinese group. CRCC won over proposals from Sacyr Concesiones Chile and Consortium Cintra-Intervial.
The contract is for a variable but maximum term of 32 years.
【太平洋建築】減隔震技術「防減災+碳中和」邏輯清晰,行業中長線高景氣確定 ——周觀點0411
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