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 bridge construction projects initiated globally in Q3 2024, according to GlobalData’s construction projects database.
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1. Livingston Avenue Bridge Replacement
The project involves the replacement of a bridge in Albany, New York, the US.
Construction work started in Q3 2024 and is expected to be completed in Q3 2028.
The project aims to replace the existing, Civil War-era bridge with a new, modern structure capable of supporting higher-speed passenger rail, freight rail, maritime transport, and bicycle-pedestrian access. Buy the profile here.
2. New Jimmie Davis Bridge
The project involves the construction of a new four-lane bridge connecting 70th Street in Shreveport with the Jimmie Davis Highway in Bossier, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2027.
Earlier, DoT LA has planned to rehabilitate the Davis Bridge project. However, later the DoT LA cancelled the plans and proposed for a new bridge. Buy the profile here.
3. Fremantle Traffic Bridge
The project involves the redevelopment of a 257m, four-lane Fremantle Traffic Bridge in Western Australia, Australia.
Construction work started in Q3 2024 and is forecast to complete in Q1 2026.
The main aim of the project is to replace the 80-year-old traffic bridge, originally intended as a temporary structure, which was closed in 2016 post erosion around its pylons left it unstable. Buy the profile here.
4. Bowen Road Bridge Upgrade
The project involves the upgrade of the Bowen Road Bridge in Townsville, Queensland, Australia.
Construction work commenced in Q3 2024 and is expected to be completed in Q2 2026.
5. Puketapu Bridge
The project involves the construction of a two-lane, 0.12km bridge across Tutaekuri River in Hawke’s Bay, New Zealand.
Construction work started in Q3 2024 and is expected to be completed in Q2 2025.
For more details on the latest construction projects, buy the profiles here.
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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.
