diff --git a/src/plugins/projectexplorer/project.cpp b/src/plugins/projectexplorer/project.cpp
index c549b53e832..c2f20a6ccd1 100644
--- a/src/plugins/projectexplorer/project.cpp
+++ b/src/plugins/projectexplorer/project.cpp
@@ -33,6 +33,7 @@
 #include "kit.h"
 #include "makestep.h"
 #include "projectexplorer.h"
+#include "projectmacroexpander.h"
 #include "projectnodes.h"
 #include "runconfiguration.h"
 #include "runcontrol.h"
@@ -405,13 +406,19 @@ bool Project::copySteps(Target *sourceTarget, Target *newTarget)
     QStringList deployconfigurationError;
     QStringList runconfigurationError;
 
+    const Project * const project = newTarget->project();
     foreach (BuildConfiguration *sourceBc, sourceTarget->buildConfigurations()) {
+        ProjectMacroExpander expander(project->projectFilePath(), project->displayName(),
+                                      newTarget->kit(), sourceBc->displayName(),
+                                      sourceBc->buildType());
         BuildConfiguration *newBc = BuildConfigurationFactory::clone(newTarget, sourceBc);
         if (!newBc) {
             buildconfigurationError << sourceBc->displayName();
             continue;
         }
         newBc->setDisplayName(sourceBc->displayName());
+        newBc->setBuildDirectory(project->projectDirectory()
+                .resolvePath(expander.expand(ProjectExplorerPlugin::buildDirectoryTemplate())));
         newTarget->addBuildConfiguration(newBc);
         if (sourceTarget->activeBuildConfiguration() == sourceBc)
             SessionManager::setActiveBuildConfiguration(newTarget, newBc, SetActive::NoCascade);