According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2024, having decreased by 7.0% in 2023. A key growth market will be the infrastructure market, with output rising by 12.6% 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 the top five airport infrastructure construction projects that commenced in the US in Q2 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Otay Mesa Metropolitan Airpark
The project involves the construction of aviation and supportive non-aviation facilities on 134ha of land in California.
Construction work started in Q2 2024 and is expected to be completed in Q4 2040.
The project aims to create an aviation based business community that will offer a viable alternative for private aircraft to Lindbergh and Montgomery Fields. Buy the profile here.
2. Chicago O’Hare International Airport Renovation
The project involves the renovation of O’Hare International Airport’s Terminal 3 in Chicago, Illinois.
Construction work commenced in Q2 2024 and is expected to finish in Q3 2027.
3. West Infill and TSA Checkpoint 3 Expansion
The project involves the expansion of the 6,968m2 Barbra Jordan Terminal at Bergstrom International Airport in Texas.
Construction work started in Q2 2024 and is forecast to complete in Q4 2026.
The project aims to support immediate traffic growth, improve passenger experience, and lay the foundation for long-term development. Buy the profile here.
4. John F. Kennedy International Airport Commercial Redevelopment: Terminal 8
The project involves the redevelopment of the commercial area at Terminal Eight in John F. Kennedy International Airport in Queen Borough, New York.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2026.
The project aims to improve the overall customer experience by increasing the size of the airlines’ terminal, to allow for more service between London and New York. It also aims to accommodate more flights, with passengers having the option of 14 daily flights to London from Terminal 8.
5. Myrtle Beach Airport Terminal
The project involves the construction of a terminal at Myrtle Beach, South Carolina.
Construction work started in Q2 2024 and is expected to be completed in Q4 2025.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
