Chinese contractor Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in
the country.
May 15, 2012
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Chinese contractor 5544 Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in the country.
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
The Colombian authorities are agreeing terms with the Colombian electricity transmission company Interconexion Electrica (ISA) for the Autopistas de la Montana highway project. The Bogota-Villavicencio highway was also awarded although other infrastructure projects are still awaiting approval.
The Polish national roads authority GDDKiA has said that it will no longer look for the cheapest offer in road-building tenders. Instead, it will, in line with European Union requirements, consider whole life cycle factors such as durability, cost of exploitation and quality.
Poland has long been criticised by the road construction industry, both within the country and in the rest of Europe, for handing out tender wins to the lowest bidder with scant regard for life-cycle costs. The government has also b
