All Construction Articles

Vinci Group's Eurovia S.A. is to acquire Vossloh AG's French subsidiary Vossloh Infrastructure Services S.A. that supplies and maintains rail tracks, according to a statement from Vinci.

A seven-story apartment block in the north of the Iranian capital Tehran collapsed yesterday killing 19 people, according to state television.

Saudi Arabia needs to invest more than SAR 680 billion (US$ 181.3 billion in its real estate sector to meet expected demand for housing by 2015, according to a report, by local investment bank NCB Capital.

Dubai-based port operator DP World has been granted approval to construct a UK£ 1.5 billion (US$ 3 billion) shipping port and logistics park along the River Thames estuary, London, UK, according to Arabian Business.

The African Development Bank (AfDB) has approved a loan of US$ 85 million to help finance the upgrade/rehabilitation of the Lekki to Epe expressway, which links Victoria Island with the Lekki peninsula in Lagos, Nigeria's economic capital.

The Gambia's secretary of state for Works, Construction and Infrastructure, Lamin Bojang, has announced that the government has spent US$ 82 million on the country's roads in the last 10 years, reports the country's The Point newspaper.

Brazil's ports minister, Pedro Brito, has announced authorization of dredging works to deepen the Galheta channel at Paraná state's Paranaguá port, according to government news agency Radiobrás.

Chilean investment company Santa Cruz Group and Brazilian energy holding company Enersis, through its subsidiary, Endesa Chile, are considering financing construction of a light rail line connecting the Chilean capital Santiago's Metro system to Arturo Merino Benítez international airport, according to local paper Diario Financiero.

State-owned China Railway Construction Corp. (CRCC) plans to invest CNY 2.6 billion (US$ 378.75 million) in four major projects thanks to increased future bookings, according to China Securities Journal.

The Asian Development Bank (ADB) is to loan Vietnam US$ 196 million to construct a hydroelectric project that aims to ease growing power shortages, which threaten the country's future economic growth.

Peri's Variokit formwork is being used for concreting nine sections of a 115 m extension of the 300 m avalanche protection system above the B145 road in Austria.

The world's first rotating building, an 80-storey tower, will be built in Dubai. Designed by Italian architect David Fisher for developers Rotating Tower Dubai Development Ltd, construction of the US$ 700 million Dynamic Tower is expected to start later this year, with completion due for 2010.

Contracts in the Middle East worth US$ 2.2 billion have been won by Britain's second biggest builder, Carillion, according to an online news report.

Chinese construction equipment manufacturer Changsha Zoomlion Heavy Industry Science & Technology Development Co Ltd (Zoomlion) has announced the acquisition of Italy's Compagnia Italiana Forme Acciaio (Cifa) for € 271 million (US$ 421.9 million).

Construction work is now underway on the first of 30 permanent new bridges to be built in the London 2012 Olympic Park.

Balfour Beatty has agreed to acquire Schreck-Mieves, a German railway engineer and manufacturer of rail components, systems and specialist equipment.

Lafarge has acquired a 35% stake in the Meftah cement plant, in the Algerian capital Algiers market, together with a 10-year management contract, for € 43,5 million.

June saw confidence in the European construction sector fall into negative territory for the first time in the year-and-a-half history of the CE Barometer. Although respondents to the survey were still positive on the future outlook, other measures of confidence were at new lows.