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 1.9% 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.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega projects in North America, costing over $100m each.Here are the five largest construction projects initiated in North America during Q3 2024, according to GlobalData’s construction projects database.
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1. Kansas City National Security Campus Expansion
The project involves the expansion of the Kansas City National Security Campus (KCNSC), a central government office in Kansas City, Missouri, the US.
Construction work started in Q3 2024 and is expected to be completed in Q4 2031.
2. Dallas Fort Worth International Airport Expansion
The project involves the construction of new terminal F in Dallas, Texas, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q2 2027.
The project aims to develop the airport with new national and international routes through the busy hub and attract more airlines to fly. Upon completion, it will be the sixth terminal capable of handling more than 200 flights a day.
3. Neveda Electric Semi-Trucks Manufacturing Plant
The project involves the construction of an electric semi-truck manufacturing facilities in Nevada, the US.
Construction work started in Q3 2024 and is forecast to complete in Q4 2025.
The project will create 3000 jobs.
4. Windler Mixed-Use Community
The project involves the construction of a mixed-use community on 344ha of land in Aurora, Colorado, the US.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2032.
The main purpose of the project is to provide a diverse range of amenities including residential, retail, commercial, industrial and office facilities to meet the lifestyle needs of people in the Colorado region.
5. QEII Hospital Complex Redevelopment
The project involves the redevelopment of three buildings at the QEII hospital complex in Nova Scotia, Canada.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The aim of the project is to provide better medical services in the region.
For more details on the latest construction projects, buy the profiles here.
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