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US construction machine exports remain low
September 1, 2016
According to the US-based Association of Equipment Manufacturers (AEM), exports of machines from the US remain at a low level. The AEM’s analysis shows that exports of US-made construction equipment were down 24% overall at midyear 2016 compared to the first half of 2015. In all machines worth US$5.65 billion were shipped to global markets.
Caterpillar and Ritchie Bros announce a strategic alliance
September 1, 2016
Caterpillar has announced an alliance with Ritchie Bros, a global industrial auctioneer and equipment distributor, for the Canada-based company to conduct live onsite and online auctions for used Caterpillar equipment.
Ritchie Bros pick up IronPlanet for around US$758.5 million
August 30, 2016
Canada-based Ritchie Bros Auctioneers announced it will buy IronPlanet, a private company based in the United States but operating globally, for around US$758.5 million. IronPlanet was set up in 1999 and focuses on the needs of corporate accounts, equipment manufacturers, dealers and government entities in equipment disposition solutions. The company conducts its sales primarily through online-only platforms, with weekly online auctions and in other equipment marketplaces.
Gulf Traffic 2016 event is looking strong
August 26, 2016
The organisers of the Gulf Traffic 2016 conference being held in Dubai from November 13th-15th report strong interest in the event. This will be held in the Dubai International Exhibition Centre and according to the organisers, aims to be the region’s leading traffic and transportation event, with a particular focus on smart cities, ITS, parking and infrastructure. The conference provides a yearly platform for innovative thought-leaders to convene in a high-level discussion on the future of traffic in the r
Serbia: end in sight for finishing southern part of Corridor 10
August 26, 2016
Serbia’s minister of construction and infrastructure, Zorana Mihajlovic, said that the southern part of the Corridor 10 motorway is expected to be completed by the end of 2017. Speaking to the Beta news agency, she also said that work on the Corridor 11 motorway, on the Ub-Lajkovac section, is being carried out in cooperation with Chinese partner company Shang Dong. The government has also signed an agreement for construction of the Surcin-Obrenovac part of the Corridor 11. Ongoing talks between Serbi
India developing road expansion plans
August 26, 2016
A major programme of road development is planned for the Indian states of Bihar, Karnataka, Rajasthan, Odisha and West Bengal. In all some 1,120km of the country’s National Highways will be constructed in these states. This plan for road development forms part of the National Highways Interconnectivity Improvement Project. So far some 429km of these new roads have been completed, with all of the work expected to be finished by mid-2024. The work was initially expected to cost US$773 million but unforeseen e
Balfour Beatty wins Scottish transport contract
August 26, 2016
Balfour Beatty has won a £35 million deal by Perth and Kinross Council to deliver the first phase of the Perth Transport Futures Project. Under the terms of the deal, Balfour Beatty will construct a new grade separated junction on the A9 dual carriageway as well as a new link road enabling access to development land to the west of Perth. This is the first of four phases of the Perth Transport Futures project, which aims to reduce congestion, boost transportation in the area and develop the local economy.
Further development for Morocco infrastructure
August 26, 2016
Further infrastructure development is planned for Morocco. The authorities in the town of Salé are planning an urban development programme, with new and wider roads seen as a key portion of the work. Salé lies immediately to the north of Morocco’s capital Rabat and is home to many commuters working in the capital. Improving the transport links in the area will help develop the local economy and the Ministry of the Interior and the Ministry of Finances have set a budget of over US$516 million for the work. T
23rd World Congress on Intelligent Transport Systems, Melbourne
August 26, 2016
IRF Geneva is proud to support ITS Australia in holding the ITS World Congress in Melbourne. With less than three months to go, the programme is shaping up to deliver above and beyond. It includes several prominent keynote speakers including Jack Dangermond, founder and president of global mapping technology company ESRI, Mr Cole from Cubic Transportation, Jeroen Wiemar, chief executive officer, Public Transport Victoria; Mr Xiaojing Wang, chair, China ITS Industry Alliance; Richard Harris, director, Commu
Turkey’s Bosporus bridge opening
August 25, 2016
Turkey’s Yavuz Sultan Selim Bridge over the Bosporus is having its official opening, which is being carried out by senior members of the country’s government including president Recep Erdoğan. The final sections of the deck structure were put into place in March 2016 and the project, which commenced in 2013, has been completed in record time. This is the third bridge to span the Bosporus at Turkey’s commercial centre, Istanbul and the new crossing will form part of the country’s North Marmara Highway pro
Caterpillar and Wacker Neuson end mini excavator deal
August 25, 2016
Caterpillar and Wacker Neuson are to end their agreement for the manufacture of mini excavators. For the past six years, Wacker Neuson has been building mini excavators at its plant in Hörsching, Austria that have been badged as Caterpillar products. However this partnership is now being phased out and Caterpillar intends to switch design and production of the smallest hydraulic excavators in its line-up to Caterpillar facilities from the start of 2018. According to Caterpillar this move will allow the f
New Chilean highway opening
August 25, 2016
A major new highway link in Chile is now open to traffic. Sacyr Concesiones opened the 103.4km highway that connects the cities of Concepción and Cabrero. The link is located in Chile’s Bio Bío Region and cost US$360 million to develop, while it is expected to generate some $1.027 billion throughout the length of the concession period. Work to build the highway started in June 2012 and the link is intended to improve connectivity between Concepción and Cholguán in the Bio Bio Region, and will also join w
New Qatar highway planned
August 25, 2016
Construction of a new 10 lane highway is due to start shortly in Qatar and the project is expected to cost in the region of US$2.1 billion to complete. The new Al Khor Expressway project looks set to be built by a Turkish contractor Tefken Holding, following the completion of the tender process. The 34km highway will feature eight intersections, as well as a number of viaducts, overpasses and underpasses. The project also includes the construction of separated facilities for pedestrians and cyclists. The hi
New Zimbabwe highway upgrade being planned
August 24, 2016
Plans are in hand for road widening work and surfacing upgrades for a key route crossing Zimbabwe. The highway upgrade is being carried out by a joint venture partnership between Chinese firm China Harbour Engineering Company (CHEC) and Austrian Company Geiger International. This follows agreements being reached between the joint venture partners and the Zimbabwe Government. The work is needed as the existing road links along the route are unable to cope with that current traffic volumes that include a high
Egypt’s crashes cost the country
August 24, 2016
Egypt’s high rate of road crashes is having a damaging effect on the country’s economy. According to the Central Agency for Public Mobilisation and Statistics (CAPMAS), road crashes are having a drain on Egypt’s GDP of around US$3.44 billion/year. This is resulting in a major financial impact on Egypt’s economy that the country can ill afford. Worryingly, the impact of road crashes on Egypt’s economy is expected to climb to around $3.5 billion/year by 2020. On a positive note however, the number of car cras