In the global property market, real estate in Spain is becoming an increasingly appealing investment. Spanish homes and apartments are a great choice for both investors and end-users, as the nation's economy continues to expand quickly despite the COVID-19 pandemic and the impacts of the 2008 financial crisis. The new initiatives being launched in numerous municipalities serve as evidence of this growth. The following article contains Spain's TOP-10 construction projects.
Content:
- Subway extension, Madrid
- Residential complex Las Lomas del Higueron, Costa del Sol
- Chetra Senia Canal, Catalonia
- C43 biofuel plant, Cartagena
- Forum Hotel, Barcelona
- Residential complex Punta Norte, the Basque Country
- Renovation of the rail line from Monforte de Lemos to Lugo
- Palencia-Aguilar de Campoo high-speed rail line, Castile and León
- Solar power stations, Valladolid
- Sinova wastewater treatment plant, Soria
Subway extension, Madrid
This project requires the extension of Madrid's metro lines. The construction, which started in the first quarter of the current year, is expected to be finished by the fourth quarter of 2027.
The project's main goals are to fulfil the region's expanding transportation needs and simplify the public transportation system. The project will cost 2.79 billion US dollars.
Residential complex Las Lomas del Higueron, Costa del Sol
The housing complex Las Lomas del Higueron in Costa del Sol, Andalusia, is currently under development and is anticipated to be completed in the fourth quarter of 2025.
The project's primary goal is to meet the region's growing demand for opulent residences with a variety of amenities. The total cost of the project is 696 million US dollars.
Chetra Senia Canal, Catalonia
Spanish farmers will benefit from the construction of the Chetra-Senia Canal - between the Catalan cities of Chetra and La Senia. The first quarter of this year saw the start of construction, which is anticipated to be finished in the fourth quarter of 2024.
The project's primary goal is to irrigate the following urban areas:
- Bash-Ebre;
- Monsia;
- Chetra;
- Aldover;
- Roquetes;
- Tortosa;
- Santa Barbara;
- Masdenverzhe;
- La Galera;
- Mas de Barberance;
- Freginals;
- Uldekona;
- Amposta;
- La Senia.
The Canal will be converted into a pressurized irrigation system to grow olives, citrus, and sweet fruits. The project will cost 448 million US dollars.
C43 biofuel plant, Cartagena
On a 4.14 ha land plot in Cartagena, Murcia, a C43 biofuel facility will be built as part of the project. Construction work began in the first quarter of the current year and should be completed in the second quarter of 2023.
The project's primary focus is using recycled raw materials and producing low-emission biofuels, which will ultimately result in a 900,000-tonne annual reduction in carbon dioxide emissions. 223 million US dollars are planned to be spent on it.
Forum Hotel, Barcelona
In the fourth quarter of 2021, the development of the brand-new Hotel Forum in Barcelona took place. It’ll be situated on 3.2 ha of land, and the building will occupy a total area of 52,593 m2. The construction work is scheduled to be finished in the fourth quarter of this year.
The project's primary aim is to provide opulent accommodation options to Spaniards and foreign visitors wanting to unwind in Catalonia's capital. 223 million US dollars were spent on it.
Residential complex Punta Norte, the Basque Country
The project includes developing the Punta Norte residential complex in the Basque Country. Beginning in the fourth quarter of 2021, construction should be completed by the fourth quarter of 2024.
The project's primary goal is to fulfil the rising demand for apartments in Spain. The total cost is 220 million US dollars.
Renovation of the rail line from Monforte de Lemos to Lugo
The renovation of the Monforte de Lemos-Lugo railway line began in the first quarter of 2022 in the Autonomous Community of Galicia, and is anticipated to be completed in the fourth quarter of 2023.
The project's primary goal is to improve the quality and reliability of the railroad link between Monforte de Lemos and Lugo. The price is 132 million US dollars.
Palencia-Aguilar de Campoo high-speed rail line, Castile and León
In the Autonomous Community of Castile and León, a high-speed railway line between Palencia and Aguilar de Campo is being planned. Construction work began in the fourth quarter of 2021 and should be completed in the fourth quarter of 2024.
The project's primary goal is to upgrade the rail link between Cantabria and Meseta. In addition to significantly reducing travel time, the standard and comfort of rail transportation will be raised. The project will cost approx. 114 million US dollars.
Solar power stations, Valladolid
A complex of seven solar power plants is under development (part of the project) in Valladolid, Castile, and León. The construction project will be finished in the fourth quarter of this year, having begun in the fourth quarter of 2021.
The project's key focus is to meet the region's growing demand for electricity. The cost will be approx. 80 million US dollars.
Sinova wastewater treatment plant, Soria
The project involves the construction of the Sinova wastewater treatment plant with a daily capacity of 48,000 m3. It’ll be situated in the city of Soria, Castile, and León. It’s anticipated that the construction project will be finished in the second quarter of 2024, having started in the fourth quarter of the previous year.
The project's primary focus is to clean up the wastewater from Soria and Los Redisches before releasing it downstream from the Los Rabanos reservoir. The project will cost 72 million US dollars.