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US funds for road rebuilding
May 2, 2012
Some $1.6 billion in funding is being provided from US federal funds to states and territories across the nation to cover the costs of repairing roads and bridges damaged by natural disasters. Funding from the Federal Highway Administration’s (FHWA) Emergency Relief Programme was provided by the Consolidated and Further Continuing Appropriations Act, 2012.
DavyMarkham acquired
May 2, 2012
UK engineering firm DavyMarkham is now owned by Indian company, Hindustan Dorr Oliver (HDO). The Indian firm is a subsidiary of IVRCL Infrastructures & Projects and this acquisition provides HDO with an entry into the heavy engineering market.
Volvo CE's new CEO
May 2, 2012
Swedish-based Volvo Construction Equipment has appointed Pat Olney as its new president and CEO, effective from 1 May.
STRABAG wins tricky Polish project
May 2, 2012
Austrian construction firm STRABAG has won a major road contract from Poland’s General Directorate for National Roads and Highways (GDDKiA). The deal is for the construction of a 40km section of the S8 Expressway between Walichnowy and Sieradz Poùudnie, some 240km to the south west of capital Warsaw.
Haulotte Group sales up 13% in 2011 Q4
May 2, 2012
Haulotte Group (HG) increased its Q4 2011 sales by 13%, compared to the same period of 2010. The rise took consolidated October 1 to December 31 2011 sales to US$107.1million (€82.2 million) compared with $94.5million (€72.5million) in the same three months of last year.
Israel interchange
May 2, 2012
A new US$350 million road project by the Israel National Roads Company will boost connectivity from the north to the centre of the country. The project is seeing the opening of new interchanges and roads in western Galilee. The aim of the project was to double the traffic capacity on Road 77, the Hamovil and Somech junctions and road No 79 that connects them.
Russian road plans
May 2, 2012
Plans are in hand for major upgrades to Russia’s road network. Russian Highways (Avtodor) aims to construct 958km of roads, as well as to reconstruct 963km of road and improve 700km of road bed by 2019. The 684km M11 highway linking Moscow with St Petersburg is the top-priority. A 72km bypass road will be built in the Tver region.
Volvo CE new China comms vice president
May 2, 2012
Inge Zhou has been appointed as vice president of corporate communications for Volvo Construction Equipment newly formed China sales region. In her new role, Zhou will be based in Volvo CE's Shanghai office and report to regional president Laurence Luo. She will be responsible for all corporate communication activities within the region, as well as being a member of the China management team.
Serbia upgrading infrastructure
May 2, 2012
Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci. So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget. Wh
Hertz expands electric bike offer to Spain
May 2, 2012
The Hertz Corporation has announced a new electric bicycle offering in several tourist areas of Spain following a successful launch in London earlier this year.Hertz customers in Spain now have a choice of nine different Swiss Flyer electric bikes available from 24 euros (US$32) a day.