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 Q4 2024, according to GlobalData’s construction projects database.
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1. I-45 North Houston Highway Improvement
The project involves the reconstruction of 39.1km of I-45 North between Houston’s Downtown and the North Sam Houston Tollway in Texas, the US.
Construction work started in Q4 2024 and is expected to be completed in Q1 2032.
The project aims to improve the roadway up to federal safety standards and to enhance mobility. Buy the profile here.
2. Downtown Austin 35 Highway Upgrade
The project involves the upgrade of the Downtown Austin Interstate 35 highway in Texas, the US.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2028.
3. East Colfax Avenue Bus Rapid Transit
The project involves the construction of an 15.9km rapid bus transit corridor corridor from Denver’s Union Station to Colfax Station, near Interstate 225 in Aurora, Colorado, the US.
Construction work started in Q4 2024 and is forecast to complete in Q4 2027.
The project aims to convert 16km of Colfax Avenue to a bus rapid transit and provide better transportation facilities in the region. Buy the profile here.
4. K-10/South Lawrence Trafficway Expansion
The project involves the upgrade of a 12.2Km section of the K-10/South Lawrence Trafficway from Sixth Street in Lawrence to Interstate 70 in Douglas County, Kansas, the US.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2028.
5. RapidRide J
The project involves the construction of a 9.8km bus rapid transit line in Washington, the US.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
The project aims to provide intermodal connections to LINK light rail, monorail, SOUNDER commuter rail, Washington State Ferries, and the Seattle Streetcar and significantly improve transit service and support Seattle’s Urban Village Strategy for mixed-use, transit-oriented development in the corridor. 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.
