airport construction work sseen as industry growth segment; more growth projected for 2019
Airport-related construction projects have seen a 38 percent increase from September of last year to September 2018.
At the same time, construction projects worldwide have more than doubled in the past 12 months.
According to new data released by the U.S. Census Bureau, the airport projects include terminal construction and renovations, new and upgraded runways, and overall infrastructure.
Those numbers buttress statistics released earlier this year by the Alexandria, Virginia-based Airport Consultants Council forecasting that new construction and renovations at both medium and large airports nationally will have a dollar total of more than $70 million between now and 2033.
At the same time, the magazine Construction Dive is reporting that airport construction projects worldwide have jumped by some 61 percent during the last twelve months.
Experts say that the increase in airport construction projects is being driven primarily by a need to update more than 19,000 facilities in the U.S. that are, on average, more than 40 years old.
By Garry Boulard
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