The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% 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.
Here are Asia Pacific’s five largest airport infrastructure construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. 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.
2. Adelaide Deep Maintenance and Modification Facility
The project involved the construction of a deep maintenance and modification facilities on 2.1ha of land in Penfield, South Australia, Australia.
Construction work commenced in Q3 2024 and is expected to finish in Q3 2026.
3. Hobart International Airport Runway Upgrade
The project involves the upgradation of the existing Hobart Airport runway in Tasmania, Australia.
Construction work started in Q3 2024 and is forecast to complete in Q2 2025.
4. Dong Hoi Airport Expansion
The project involves the expansion of an airport in Dong Hoi, Quang Binh Province, Vietnam.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2026.
It intends to improve the passenger handling capacity of the airport and will create momentum to help Quang Binh develop a socio-economy and develop tourism in the future.
5. Queensland Regional Aeromedical Base
The project involves the construction of an 18,700m2 aeromedical base in Brisbane, Queensland, Australia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
It will be located between Brisbane Airport’s two runways at the Airport North Precinct and will accommodate the Royal Flying Doctors Service (RFDS), LifeFlight, and Queensland Health facilities. It will create 200 construction jobs and 220 operational jobs.
For more details on the latest construction projects, buy the profiles here.
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