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 airport infrastructure construction projects that were initiated in Q2 2024, according to GlobalData’s construction projects database.
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1. Otay Mesa Metropolitan Airpark
The project involves the construction of aviation and supportive non-aviation facilities on 134ha of land in California, the US.
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, the US.
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, the US.
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. Calgary Airport West Runway Renovation
The project involves the renovation of Calgary Airport West Runway in Alberta, Canada.
Construction work commenced in Q2 2024 and is expected to be completed in Q1 2027.
The project aims to enhance airport facilities in the region. It will create 200-300 local jobs. Buy the profile here.
5. 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, the US.
Construction work started 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.
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.
