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 1.9% 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.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega projects in North America, costing over $100m each.Here are the five largest construction projects initiated in North America during Q3 2024, according to GlobalData’s construction projects database.
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1. Kansas City National Security Campus Expansion
The project involves the expansion of the Kansas City National Security Campus (KCNSC), a central government office in Kansas City, Missouri, the US.
Construction work started in Q3 2024 and is expected to be completed in Q4 2031.
2. Dallas Fort Worth International Airport Expansion
The project involves the construction of new terminal F in Dallas, Texas, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q2 2027.
The project aims to develop the airport with new national and international routes through the busy hub and attract more airlines to fly. Upon completion, it will be the sixth terminal capable of handling more than 200 flights a day. Buy the profile here.
3. Neveda Electric Semi-Trucks Manufacturing Plant
The project involves the construction of an electric semi-truck manufacturing facilities in Nevada, the US.
Construction work started in Q3 2024 and is forecast to complete in Q4 2025.
The project will create 3000 jobs. Buy the profile here.
4. Bull Run Filtration Plant and Pipeline
The project includes the construction of 38ha Filtration Facility and 11km Pipeline in Portland, Multnomah County, Oregon, the US.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2027.
The project aims to remove the disease-causing microorganisms and provide safe water to the people in the region.
5. Manteno EV Lithium Battery Manufacturing Plant
The project involves the construction of 40,000 MWh lithium-ion battery cells and 10,000 MWh battery pack manufacturing facilities on 60.7ha of land in Hazel Park, Manteno, Illinois, the US.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
It will be constructed at the former Kmart warehouse in Manteno.
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.
