Poland’s Infrastructure Minister Cezary Grabarczyk has said in a news report that the country intends to spend US$ 55 billion on new road construction in the next five years in preparation for the Euro 2012 soccer championships.
Euroconstruct has cut its forecast for European construction growth over the next two years. However, the infrastructure sector remains buoyant, and central & eastern Europe will continue to boom. CE reports.
Continuing fallout from the sub-prime crisis in the US drove share prices down as the year drew to a close. Although the banking sector was in the direct line of fire, the entire market suffered and construction shares took heavy losses. Chris Sleight reports.