According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2024, having decreased by 7.0% in 2023. A key growth market will be the infrastructure market, with output rising by 12.6% 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 the top five road infrastructure construction projects that commenced in the US in Q3 2024, according to GlobalData’s construction projects database.
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1. Interstate US 70: Havelock Bypass to Thurman Road Improvement
The project involves the improvement of a 8.2km road from Havelock Bypass and east of Thurman Road in Craven County in North Carolina.
Construction work started in Q3 2024 and is expected to be completed in Q3 2028.
The project aims to improve mobility and military interconnectivity, support economic development, and increase safety along the corridor.
2. I-25 Improved: Comanche to Montgomery
The project involves the improvement of the roadway from Comanche Rd to Montgomery Blvd in New Mexico.
Construction work commenced in Q3 2024 and is expected to finish in Q2 2027.
3. Val Vista Drive to State Route 101 Road Widening
The project involves widening a 20.92km road from Loop 202 (Santan Freeway) to Loop 101 (Price Freeway) to Val Vista Drive in Maricopa, Arizona.
Construction work started in Q3 2024 and is forecast to complete in Q3 2027.
The project aims to improve safety and help traffic flow operate more smoothly. Buy the profile here.
4. I-15: Northgate to Fort Hall Road Widening
The project involves the widening of US Highway 15 to three lanes in each direction between the Northgate and Fort Hall interchanges in Idaho.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2027.
5. Reimagine Boulder Highway
The project involves the construction of a 12km long roadway along the highway from Wagon Wheel Drive to Gibson Road in Henderson, Nevada.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
The project aims at increasing safety and making it easier for pedestrians and bicyclists and the 30,000 residents who live on Boulder Highway.
For more details on the latest construction projects, buy the profiles here.
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