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 Q4 2024, according to GlobalData’s construction projects database.
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1. Nguyen Trai Bridge
The project involves the construction of a 26m wide, 1.5km four-lane cable-stayed bridge across the Cam River in Hai Phong, Vietnam.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
2. Hampton Harbor bridge
The project involves the construction of the Harbor Bridge in Hampton, New Hampshire, the US.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
The project aims to address traveler safety, mobility, travel time reliability, and future demand for capacity in response to anticipated population growth. Buy the profile here.
3. Ölfusá River Cable Stayed Bridge
The project involved the construction of a cable-stayed bridge crossing the Ölfusá River, just north of the town of Selfoss in the south of Iceland.
Construction work started in Q4 2024 and is forecast to complete in Q4 2028.
It will be the first of its kind in Iceland.
4. Ba Lai 8 Bridge
The project involves the construction of a 0.563km long bridge with a width of 22.5m comprising six lanes and an access road of 12.37km long to connect Ben Tre with Tien Giang and Tra Vinh in Vietnam.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2025.
5. 60-Letiya Vlksm Bridge Renovation
The project involves the renovation of the six-lane 688m 60-Letiya Vlksm Bridge in Omsk, Russia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
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.
