The construction market in North America is forecasted by GlobalData to grow by 1.9% in real terms in 2023, having decreased by 5.7% in 2022. 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 road infrastructure construction projects that were initiated in Q4 2023, according to GlobalData’s construction projects database.
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1. Park Avenue Viaduct Replacement Project
The project involves the replacement of Park Avenue Viaduct (an elevated steel structure) in East Harlem, New York, the US.
Construction work started in Q4 2023 and is expected to be completed in Q4 2027.
The project aims to provide faster and safer service to Metro-North customers while minimizing the impact on the local community. Buy the profile here.
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2. North Tarrant Express Capacity Improvement
The project involves the construction of a 21-km long highway road in Texas, the US.
Construction work commenced in Q4 2023 and is expected to finish in Q1 2027.
The project aims to provide reliable travel choices for drivers, to relieve traffic congestion and to support economic growth for the North Texas region. Buy the profile here.
3. US 97 Bend North Corridor
The project involves the construction of a 9.6km of US 97 highway in the city of Bend.
Construction work started in Q4 2023 and is forecast to complete in Q4 2024.
The project aims to support the economic vitality by generating time savings for users traveling north and south through Bend.
4. West Valley Connector Bus Rapid Transit
The project involves the construction of a 31km zero-emission BRT line with 21 stations from Pomona to Rancho Cucamonga in California, the US.
Construction work commenced in Q4 2023 and is expected to be completed in Q2 2026.
The project aims to improve corridor mobility and transit efficiency in the San Bernardino Valley from the City of Pomona to the City of Fontana with an enhanced, state-of-the-art BRT system. It will also address the growing traffic congestion and travel demands of the one million people that would be added to the area by 2030. Buy the profile here.
5. TxDOT Highway 59 Upgrade
The project involves an upgrade of a 10.6km road on Highway 59 from north of Cleveland to San Jacinto County in Texas, the US.
Construction work started in Q4 2023 and is expected to be completed in Q3 2029.
The project will be developed from FM 2914 near Shepherd to the north end of the Cleveland Relief Route.
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.
