The construction market in North America is forecasted by GlobalData to grow by 1.9% in real terms in 2024, having decreased by 5.7% in 2023. A key growth market will be the infrastructure market, with output rising by 11.1% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are North America’s five largest road infrastructure construction projects that were initiated in Q2 2024, according to GlobalData’s construction projects database.
1. I-35 Northeast Expansion (NEX) South
The project involves the expansion of the 31.38km I-35 NEX south from I-410 South to FM 1103 in Bexar, Comal and Guadalupe Counties on 14.52ha of land in San Antonio, Texas, the US.
Construction work started in Q2 2024 and is expected to be completed in Q1 2028.
2. Wisconsin Interstate 41 Upgrades
The project involves the 37.9km expansion of I-41 from four to six lanes in Wisconsin, the US.
Construction work commenced in Q2 2024 and is expected to finish in Q3 2030.
The project aims to offer access to the interstate highway system for industrial parks and businesses on both sides of the Fox River, reduce congestion, and increase driver safety.
3. I-405/SR 522 to SR 527 Improvement Upgrade
The project involves the improvements to a 7.2km long segment of Interstate 405 in Bothell, Washington, the US.
Construction work started in Q2 2024 and is forecast to complete in Q4 2028.
The project aims to support nearby neighborhoods and residential development by contributing to the economic vitality of the region. Buy the profile here.
4. State Road 516 Lake/Orange Expressway
The project involves the construction of a 7km tolled expressway in Florida, the US.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2027.
The project aims to address traveler safety, mobility, travel time reliability, and future demand for capacity in response to anticipated population growth by adding express lanes.
5. Bronx River Parkway Bridge Replacement
The project involves the construction of a bridge across the Bronx River in New York, the US.
Construction work started in Q2 2024 and is expected to be completed in Q1 2028.
The project aims to improve safety on the crossing and mobility in the Bronx more broadly Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
