The construction market in North America is projected to rebound in 2023, with a predicted expansion of 1.9% in real terms. This follows a decline of 5.7% in 2022. Notably, infrastructure development is expected to be a key driver of growth, with a significant 11.1% increase in output in real terms.
Major Road Infrastructure Projects Commencing in Q1 2023
According to data from Global Data’s construction projects database, Q1 2023 marks the beginning of North America’s five biggest road infrastructure construction projects. These projects aim to address traffic congestion, enhance transportation connectivity, and improve overall mobility in their respective regions.
69 Express Toll Lane – $570 Million Project
In Overland Park, Kansas, a road construction project is underway as part of the 69 Express Toll Lane initiative. The project, which commenced in Q1 2023, aims to expand the state’s busiest four-lane roadway to six lanes, alleviating congestion. The construction is scheduled to be completed by Q3 2026.
Kennedy Expressway Extension – $150 Million Project
Chicago, Illinois, will witness the construction of a 12 km highway between Edens Highway and Ohio Street, known as the Kennedy Expressway Extension project. Commencing in Q1 2023, the project aims to improve transportation connectivity in Illinois and mitigate the adverse effects of traffic. Construction is expected to be finished by Q3 2025.
Interstate 75 Northbound Upgrade – $100 Million Project
The Interstate 75 Northbound Upgrade project in Ohio, United States, involves the upgrade of northbound lanes on I-75. Construction began in Q1 2023, with completion anticipated in Q4 2024. This project aims to reduce local traffic congestion and enhance the efficiency of the roadway.
Evergreen Mills Road to Route 50 via Northstar Boulevard – $90 Million Project
A 2.5 km four-lane road construction project is underway in Virginia, United States, connecting Evergreen Mills Road to US Route 50 via Northstar Boulevard. Construction began in Q1 2023 and is expected to be completed by Q1 2025. The project aims to alleviate traffic congestion and improve vehicle accessibility in the area.
Improved Market Street Phase I – $81 Million Project
San Francisco, California, is set to witness the redevelopment of a 3.5 km stretch of Market Street between Octavia Boulevard and Steuart Street. The Improved Market Street Phase I project, starting in Q1 2023, aims to enhance bus service and speed while providing improved mobility for all users. The construction is scheduled to be finished by Q3 2024, featuring a continuous, protected sidewalk-level bikeway and a vibrant streetscape with new amenities, landscaping, and public art.
The Construction Market Outlook and How These Projects Are Set to Boost Growth in 2023
These five major road infrastructure construction projects in North America, starting in Q1 2023, signify a positive outlook for the construction market. With a focus on enhancing transportation connectivity, reducing congestion, and improving overall mobility, these projects are expected to have a significant impact on the regions they serve. As the construction industry rebounds, these initiatives demonstrate a commitment to building a more efficient and accessible transportation network across North America.