Construction Sector News

Riyadh Metro breakthrough
FCC-led FAST consortium completes 1.2 km section of Saudi capital’s new green line
International Construction October podcast
Discussions into the Mecca crane collapse that killed over 100 people and injured many more, Renaissance Construction’s bid to acquire Ballast Nedam, the surprise Suez Canal expansion with an $8.4 billion budget, and a look at the Middle East’s economic outlook.
Panama Canal expansion 95% complete
Testing phase starts ahead of the scheduled opening in April next year
Local contractors to build Palm Tower
Joint venture between Trojan General Contracting and National Projects & Construction to take on 52-storey hotel and residence at the heart of Dubai’s Palm Jumeirah artificial archipelago
Family challenges Sika EGM decisions
Law suit launched in a second attempt to remove Board members in the long-running Saint-Gobain takeover saga
Deere and UAW agree pay deal
New six-year accord for 10,000 workers at plants in Iowa, Illinois and Kansas, US
Chinese consortium in pole position for Indonesian rail link
Proposal includes financing for the country’s US$ 5.4 billion first high speed rail link
New National Infrastructure Commission for the UK
A new independent Commission has been created to deliver long-term national infrastructure plan.
US construction up again
Census Bureau figures show activity is at its highest since 2008, but trade association sounds warning on skills shortages
SNC-Lavalin makes corruption settlement
Agreement with the African Development Bank will see a contribution made to anti-corruption initiatives in Africa
SEC prosecutes improper payments in South Africa
US government agency fines subsidiary of Japan's Hitachi Power for Foreign Corrupt Practices Act violations on power station construction contracts
CCCC sees growth in overseas contracts
Pressure in home market partly offset by more wins abroad for the world’s fourth largest contractor
Ibstock to float on London Stock Exchange
UK-based brick maker to raise US$ 155 million through initial public offering (IPO) of shares
Bouygues wins Doha sewage work
Design & build of 30 km of tunnels in the Qatari capital valued at US$ 630 million
Fine for former Terex CFO
Joseph Apuzzo fined US$ 100,000 and barred from accounting for five years for his part in the United Rentals equipment sale & lease-back accounting scandal
HCC wins challenging Indian road
Contractor will build a 36 km stretch of NH44 in Jammu & Kashmir province for US$ 274 million to improve links to Srinagar
US construction equipment exports fall again
AEM data shows global demand for US made machines was down -17% in the first half of 2015, compared to the same period last year
Global construction risk rises
The worsening outlook for emerging markets offset improvements in developed regions in the third quarter of the year
Mecalac to build compact loaders for Hitachi
Range of three articulated machines built in Germany will be sold under the Hitachi brand through its distribution network
Chinese police investigate Schindler managers
Allegations of embezzlement and bribe taking have emerged at the escalator and elevator manufacturer’s Chinese sales operation
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