Ports are vital points in the global logistics chain and their continued development is essential to facilitate international trade. In 2022, we see the construction of some of the world’s most expensive port projects. From ultra-modern facilities to sprawling megastructures, these constructions represent innovation and commitment to excellence in port infrastructure. In this article, we will explore and rank the most expensive port developments in the world in 2022.
- Port of Shanghai, Phase IV – China:
The Port of Shanghai, located on the east coast of China, is the world’s largest port in terms of cargo volume. In 2022, the fourth phase of the port’s expansion was completed, turning it into an impressive megastructure. The total investment for this phase amounted to more than USD 10 billion. The expansion included the construction of new quays, terminals, and an advanced automation system to optimize operations.
- Jebel Ali Port – United Arab Emirates:
Jebel Ali Port, located in Dubai, is one of the world’s busiest ports and a major logistics hub in the Persian Gulf region. In 2022, a significant expansion was carried out at the port, at an estimated cost of more than USD 8 billion. Construction included the addition of state-of-the-art container terminals, as well as improvements to existing infrastructure to increase capacity and efficiency.
Jebel Ali Port as seen from the gangways
- Ningbo-Zhoushan Port, Phase V – China:
The Port of Ningbo-Zhoushan, also in China, is another world leader in terms of cargo and container throughput. In 2022, the port’s fifth phase of expansion was completed, at a cost of approximately US$6 billion. The expansion involved building new berths, upgrading existing terminals, and implementing state-of-the-art cargo handling and management technologies.
- Port of Singapore, Tuas Terminal – Singapore:
Singapore is recognized as one of the world’s leading logistics hubs and most important ports. In 2022, construction began on the new Tuas Terminal, which is expected to be fully operational by 2040. The project is estimated to cost a total of more than USD 5 billion. The terminal will feature state-of-the-art technology, automation systems, and exceptional capacity to handle large volumes of cargo.
- Port of Colon, Expansion – Panama:
The Port of Colon in Panama is one of the main access routes to the Panama Canal. In 2022, a major expansion of the port was completed with an investment of approximately USD 3 billion. This project was a major boost to improve the port’s capacity and efficiency. The expansion allows for handling even higher cargo volumes and improved the existing infrastructure, strengthening the position of the Port of Colon as a key point on the global shipping route and fostering economic growth in the region.
View of the Port of Colon in Panama. Mundo Marítimo
In summary, the year 2022 saw major construction projects in ports around the world. These constructions represented multi-billion dollar investments and demonstrated the commitment of nations to develop state-of-the-art port infrastructures. From China to the United Arab Emirates, and Singapore to Panama, these projects improved port capacity, efficiency, and competitiveness, boosting international trade and generating economic opportunities. These constructions highlight the strategic importance of ports and their key role in the global economy.
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