Hochtief AG-Led Joint Venture Embarks on $700 Million Modernization of Memphis International Airport

Hochtief AG’s Turner Joint Venture is spearheading a significant $700 million modernization project at Memphis International Airport. As part of the Terminal Modernization and Seismic Program (TMSP), the project aims to enhance infrastructure, safety, and passenger convenience. Key developments include seismic safety improvements with the transit tunnel infill, the reopening of the departures-level inner drive, and the B crosswalk for better traffic flow. The venture will also feature a relocated TSA checkpoint, new escalators and stairs, and seismic retrofits, all while preserving the airport’s mid-century architecture. The largest capital project in the airport’s history, TMSP includes the demolition of Concourse A, slated for completion by early 2026, to make way for new infrastructure. Construction of a new administration/CBIS building is expected to commence this fall. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hochtief AG published the original content used to generate this news brief on July 30, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here