The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2024, having grown by 1.7% in 2023. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% 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 hydroelectric projects, costing over $100m each. Here are the largest airport infrastructure construction projects initiated globally in Q3 2024, according to GlobalData’s construction projects database.
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1. Dallas Fort Worth International Airport Expansion
The project involves the construction of new terminal F in Dallas, Texas, the US.
Construction work started in Q3 2024 and is expected to be completed 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.
2. Sacramento International Airport Expansion
The project involves the expansion of the Sacramento International Airport in Sacramento, California, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2027.
The aim of the project is to improve the infrastructure facilities at the airport to provide better services to the passengers.
3. Vaclav Havel Airport Expansion
The project involves the expansion of the Vaclav Havel Airport in Praha, Czech Republic.
Construction work started in Q3 2024 and is forecast to complete in Q4 2033.
The purpose of the project is to reduce air traffic congestion and enhance passenger comfort in view of the projected increase in traffic volumes over the next 20 years.
4. Bodo Airport Relocation
The project involves the construction of an airport in Bodo, Nordland, Norway.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2029.
The project is expected to have a total capacity of 2.3 million passengers per annum.
5. Lal Bahadur Shastri Airport Expansion
The project involves the expansion of an airport on 142ha of land in Varanasi, Uttar Pradesh, India.
Construction work started in Q3 2024 and is expected to be completed in Q4 2028.
The project aims to modernize the airport’s facilities based on international standards and expand its cargo terminal building and runway. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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