Hochtief AG-Led Joint Venture Embarks on $700 Million Modernization of Memphis International Airport
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Hochtief AG’s Turner Joint Venture is leading a $700 million modernization project at Memphis International Airport. The Terminal Modernization and Seismic Program (TMSP) aims to improve infrastructure, safety, and passenger convenience, including seismic safety enhancements, a relocated TSA checkpoint, and new escalators. The project, the largest in the airport's history, involves demolishing Concourse A and is expected to be completed by early 2026, with construction of a new administration building starting this fall.
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