Kazan allocated US$263.14mn road repair budget for 2012
Kazan Mayor Ilsur Metshin said authorities would allocate US$263.14million to repair the city’s road network in 2012, compared to a total of $197.66million spent over the previous five years.
May 15, 2012
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Kazan Mayor Ilsur Metshin said authorities would allocate US$263.14million to repair the city’s road network in 2012, compared to a total of $197.66million spent over the previous five years.
In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending over the next few years, some US$157 billion, particularly in extending the country’s high speed rail network. Some $4.45 billion will be invested in transport infrastructure in 2012. Of the total, $790 million will go on rural road improvements, of which 88% will be used in the central and western regions
Munich-based light equipment manufacturer Wacker Neuson reports a healthy balance sheet despite difficult conditions. The company says that group revenue climbed by 13% for the first quarter, compared with the same period last year. This a new record for the first quarter of €291.6 million, compared with €257.1 million for the same period in 2013. The performance was affected by currency fluctuations as currency values in many emerging markets as well as the US dollar lost ground against the Euro in the fir
