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Airport & Petrochemical Projects Lead Construction Market in First Half of 2018

July 20, 2018
Already a red-hot segment of the construction market, airport projects made more news

While the overall data points to a good but not necessarily great nonresidential construction market, some projects of note either broke ground or neared groundbreaking during the past few months. 

Already a red-hot segment of the construction market, airport projects made more news, including a $6.8 billion expansion of the Vancouver International Airport that broke ground; a $374 million renovation of Washington D.C.’s Reagan National Airport set to start; a $1.5 billion rail link between LaGuardia Airport and midtown Manhattan; and new projects planned for airports in Seattle, WA; Reno, NV; and Pittsburgh, PA.

Outside of the petrochemical plants, over the past few years construction activity in the industrial market has lagged other market segments. But over the past few weeks, EM’s editors logged some very interesting factory projects into our database. (Click the "Full List" link below for 50 large projects or see EM’s most recent construction project database).

Electric Boat broke ground on a $800 million submarine factory in North Kingston, RI; Braidy Industries is ready to break ground on a $1.5 billion aluminum-rolling mill in Ashland, KY; Green Bay Packaging announced plans for a $583 retrofit of a paper mill in Green Bay, WI; and Hyundai says it will spend approximately $388 million on a new auto plant and the retrofit of an existing plant in Alabama.

Interested in the oil & gas market? Keep an eye on three huge petrochemical projects in Texas — the $1.7 billion Total Refinery ethane cracker in Port Arthur that broke ground; plans for a $1.5 billion  Phillips 66 plant in Old Ocean; and the Cheniere Energy terminal expansion project in Corpus Christi.

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