Financing has been found to fund construction work on the North Tarrant Express (NTE) in Texas. The public-private partnership project for Segment 3A of the route will be carried out by NTE Mobility Partners Segments 3 LLC (NTEMP3). The rebuilding of the I-35W road close to Fort Worth will help reduce traffic congestion on the route at peak periods. The public-private partnership has been agreed between NTEMP3, the Texas Department of Transportation (TxDOT) and the North Central Texas Council of Governments
Austrian firm Strabag claims to be Central and Eastern Europe’s largest construction company and has announced steady financial performance for 2012. “At €14 billion, our output volume has remained stable versus the €14.3 billion in the previous year: In Poland, we have registered declines due to the end of the construction boom, which, however, we were able to compensate with growth in Germany and transportation infrastructures projects in Romania. Germany is currently a successful market for us, also as r
South Luzon Tollways Corporation has said the cost of extending the South Luzon Expressway (SLEx) in the Philippines has increased by 27% from nearly US$290 million to almost $348.
The SLEx already runs for 36km around the greater Manila area.
South Luzon Tollways is preparing the detailed engineering for the 58km SLEx Toll Road Project Number Four - the last of the four expressway sections. South Luzon also will select a construction contractor for the project, split into five works contracts and sch
Modest growth in transport construction is predicted in the US in 2017 by the American Road & Transportation Builders Association (ARTBA). According to a report by ARTBA chief economist, Dr Alison Premo Black, total transportation construction and related market activity is expected to grow 1.3% in 2017, driven largely by increases in highway and bridge private construction activity supporting residential and commercial developments.
In 2017, the market is expected to reach US$247.8 billion, up from $244
