The construction market in South and Central America is forecasted by GlobalData to grow by 1.6% in real terms in 2024, having grown by 4.0% in 2023. A key growth market will be the infrastructure market, with output rising by 2.5% 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 South and Central America’s five largest road infrastructure construction projects that were initiated in Q1 2024, according to GlobalData’s construction projects database.
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1. El Libramiento Sur De Colima Development
The project involves the construction of a highway between Tepic and Compostela in Nayarit, Mexico.
Construction work started in Q1 2024 and is expected to be completed in Q2 2026.
2. Zitacuaro to Maravatio Road Development
The project involves the construction of 72km of type 2 highway between Zitacuaro and Maravatio in Michoacan, Mexico.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2027.
The objective of the project is to improve infrastructure between municipalities and aims to enhance the road transportation network in the region.
3. Ruta PY12 Improvement: Chaco’i to General Bruguez
The project involves the pavement and improvement of the Ruta PY12 between Chaco’i and General Bruguez, Presidente Hayes, Paraguay.
Construction work started in Q1 2024 and is forecast to complete in Q1 2026.
The objective of the project is to reduce traffic issues and to provide a better transportation facilities in the region.
4. La Calamidad to Empalme Masigue Road Renovation
The project involves the renovation of a 12km road between La Calamidad and Empalme in Nicaragua.
Construction work commenced in Q1 2024 and is expected to be completed in Q4 2025.
The objective of the project is to improve road infrastructure facilities.
5. Pachuca to Huejutla Highway Modernization: Section: Cerro Colorado to Zacualtipan
The project involves the modernization of a road in Hidalgo, Mexico.
Construction work started in Q1 2024 and is expected to be completed in Q4 2024.
The project aims to enhance the road transportation network in the region.
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.
