Austrian contractor STRABAG reports healthy earnings before interest and taxes (EBIT) of €207 million in 2012. This figure beats the firm’s own expectations and the expectations of the market. Net income after minorities stood at €61 million, showing an expected considerable decrease of 66.67% compared to the year before. “An output volume of €14 billion in 2012 – that’s nothing to complain about. With €13.2 billion, the end-of-the-year order backlog is also nearly exactly at the pre-crisis level of 2008, s
The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
The Kenyan Government has ambitious plans for road infrastructure development. The country’s new road expansion programme will be funded in part by commercial banks and other financial institutions, which will provide some US$2.93 billion. This will help pay for the three year road construction programme. The Kenyan Government aims to negotiate for loans from financing institutions with the funds then being provided to contractors to construct and maintain roads. The first phase of the programme will be to
Both France and Turkey have seen road safety improvements. In Turkey the latest data shows a slight fall in traffic accident fatalities. A recent National Police Department (NPD) research from Turkey indicates that over 10 people die/day in traffic accidents in the country. The research spans the period from 1985 to the end of 2011 and reveals that 3,440,635 were injured in traffic accidents and 152,468 people were killed. But by adding people who died in hospital afterwards, the death count is expected to
