A consortium of investors led by Goldman Sachs has agreed to invest US$220 million in Essel Highways, part of the Essel Group.
This is the US private investment firm’s first foray into India’s road infrastructure market, according to India’s financial media reports.
Essel Highways, a subsidiary of Essel Infraprojects, constructs, develops and operates national and state highways.
Essel Highways, set up in 2007, boasts road assets valued at around $2 billion. It has a road development portfolio of 1
The world’s longest suspension bridge is the 1915 Çanakkale Bridge in Turkey. This engineering marvel links Gelibolu with Lapseki, forming a key section of the 101km highway linking Malkara with Çanakkale.
*Article produced in partnership with the General Directorate of Highways (KGM), Ministry of Transport and Infrastructure, Republic of Türkiye.
As an aid to design, construction software continues to be a foundation stone in new project development. Autodesk is working with the Incheon Free Economic Zone (IFEZ) and the Incheon Urban Development Corporation (IUDC) to cooperate in the creation of Asia's first Digital City for Incheon.
Dr Volker Knickel, CEO of the Wirtgen Group said that the firm is working to deliver sustainable and efficient road construction technologies. Warm asphalt plays a key role in sustainable road construction and will grow in use in the next few years. Dr Knickel commented that sustainability will be of increasing importance for contractors, while in Germany there are also stricter regulations on reducing the exposure site personnel to VOCs.
