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Infrastructure construction is poised for another strong year, thanks in part to large infusions of federal money. The sector has propped up the building industry in recent months amid interest rate hikes and declines in backlog.

The Infrastructure Investment and Jobs Act is ramping up in its third year and funds from the Inflation Reduction Act and CHIPS Act are flowing. The impacts of those investments are increasingly visible as they fuel thousands of projects around the country, many of them massive.

Here are nine key megaprojects that will advance this year:

Plant Vogtle nuclear plant
$30 billion
Waynesboro, Georgia

Two tall white industrial structures stand among an array of buildings.

Courtesy of Georgia Power

 

A $30 billion nuclear power plant in Georgia, constructed in part by Reston, Virginia-based Bechtel, will likely cross a major threshold in the first months of 2024.

Unit 4 of Plant Vogtle, located near Waynesboro, Georgia, is on schedule to begin generating power early this year, according to Southern Co. spokesperson Alicia Brown. Plant Vogtle’s Unit 3, also built by Bechtel, went online at the end of July.

Bechtel partnered with North America’s Building Trades Unions to build the two units, with 9,000 workers combined on the site at the peak of construction.

The startup of the reactors has been hailed as a major milestone in U.S. nuclear power construction, but the project took more than seven years longer than originally planned and at a cost of more than double the preliminary projected price, according to Reuters.

When finished, Unit 4 — operated by Southern Co. subsidiary Georgia Power — will become the largest generator of clean energy in the U.S., Brown said.

Able to power an estimated 500,000 homes and businesses, Unit 3 was the country’s first newly constructed nuclear unit in over three decades.

JFK Airport expansion
$19 billion
New York City

Port Authority of New York and New Jersey announced the start of operations at a new construction support facility at John F. Kennedy International Airport

Courtesy of Port Authority of New York and New Jersey

 

John F. Kennedy Airport will continue its ambitious multibillion-dollar transformation this year. 

The Port Authority of New York and New Jersey expects the topping out of steel to occur in 2024 for the airport’s Terminal 1 and Terminal 6 projects. These cutting-edge international terminals, with a combined investment of $9.5 billion for Terminal 1 and $4.2 billion for Terminal 6, are currently simultaneously under construction. AECOM Tishman and Gensler serve as Terminal 1’s design-build team, while AECOM Hunt is leading construction on the Terminal 6 project.

The phased completion of Terminal 1 remains on track, with the opening of the arrivals and departures hall and 14 gates scheduled for 2026. The final nine gates will be ready for passengers by 2030. Meanwhile, Terminal 6 also is progressing steadily, according to the Port Authority. The first phase is set to conclude in 2026, consisting of a new arrivals and departures hall, while the final phase is targeting completion in 2028. 

Terminal 8’s $125 million concessions redevelopment is also currently underway inside the terminal. The project includes new dining, retail, duty-free shopping, performance space and new digitally enabled experiences for customers, according to the release.

Meanwhile, the $1.5 billion expansion of Terminal 4 by JFK International Air Terminal and Delta Airlines, will also mark a significant milestone in 2024. Already operational with 10 new gates that opened in 2021, the terminal will see additional enhancements this year, according to the Port Authority. These enhancements include renovation of existing concourses, roadway upgrades to improve vehicle access, an updated check-in hall, new gate finishes, added curbside dropoff space and restroom modernizations, according to Delta.

Lastly, operation of a construction support facility to manufacture concrete on site, recycle concrete debris for reuse in new airport construction and to barge new materials began operations in 2023, with the concrete batch plant expected to open early this year.

Gateway Project
$16.1 billion
New York and New Jersey

A blue and silver train emerges from a stone tunnel.

Optional Caption

Courtesy of Gateway Program

 

President Joe Biden called the Gateway Program “one of the biggest, most consequential projects in the country,” but it has nonetheless experienced years of delays and political fights. With a funding boost from the IIJA, work started moving last year on both sides of the Hudson River, and there will be many more opportunities for contractors in 2024. 



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