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Australia highway widening in Victoria
March 26, 2018
Australia’ Victoria State will see US$$548.5 million ($A711 million) being spent on widening and upgrading the Monash Freeway. This will be the second stage of the Monash Freeway upgrade project, building an additional two lanes. From Clyde to Cardinia, this will give three lanes in either direction while from Warrigal Road to the EastLink, this will deliver five lanes in either direction. The work will boost capacity and cut journey times at peak periods, further assisted by the use of sophisticated
Turkey’s latest landmark bridge securing funding
March 23, 2018
Turkey’s programme of bridge and highway building looks set to continue with a funding package for the 1915 Canakkale Bridge and Highway project being found. The bridge will span the Dardanelles Straits and the funding package is worth US$2.83 billion. The financing will come in the shape of a loan has been secured by a group of 24 banks and institutions from 10 countries in all. The loan calls for a 15 year repayment period. The bridge will be a constructed by a consortium, Canakkale Otoyol.
Indonesia landmark Bulan Bridge project
March 23, 2018
Plans are being drawn up for the Bulan Bridge project for Indonesia. This 5.6km long bridge is expected to cost US$871 million to construct. Funding worth $31.6 million is being provided by the Chinese Government to help kickstart the project. Construction will be carried out by China Road and Bridge, which has signed agreements with the local authorities in Indonesia for the project. The work will also include building road links to the bridge. The structure will connect Kalimantan and Tarakan.
Colombia’s longest bridge – on track for completion
March 23, 2018
Colombia’s longest bridge is on track for completion shortly. The 4.7km-long bridge provides a connection over the Cienaga de la Virgen wetland area. The new bridge forms part of the dual carriageway road link between Cartagena and Barranquilla. When complete, it will also be the third longest bridge in Latin America. The project has been complex due to the environmentally sensitive nature of the area where it is being built. To minimise impact the builders have used pre-fabricated components and assembled
Indian highway deal awarded to engineering firm
March 23, 2018
A new 8.76km expressway is being planned in Haryana, in India. This project will be built by Indian firm L&T. The project is costing US$161 million. The work will be carried out under the engineering, construction and procurement model and was awarded by the National Highways Authority of India (NHAI). The route will feature four lanes in either direction and the work also includes building a bridge, five underpasses and facilities for buses.
New Philippines tolled expressway link
March 23, 2018
A major new tolled expressway project is now being planned in the Philippines. The proposed NLEx-Cavitex Port Expressway Link will provide a connection between the North Luzon Expressway and Manila-Cavite Expressway. The project to build the link is expected to cost US$1.73 billion, with work being carried out in three stages of 5.7km, 4.8km and 4.6km. One of the most expensive stretches will include a tunnel section. The project is being planned by the Metro Pacific group.
Wacker’s strong financial performance in 2017 showed growth
March 23, 2018
“Over the coming years, we want to rank among the top three providers of core products based on market share in the industry. We also aim to grow faster than the market. In the past year, we have proven that this is possible,” said Lehner. Within the framework of the “Strategy 2022” roadmap, the Group has set itself the goal of significantly exceeding the €2 billion revenue mark in the medium term and achieving an EBIT margin of over 11%. It aims to gradually reduce net working capital to below 30% of
European equipment sales up 15% in 2017, according to the CECE
March 16, 2018
European construction sales grew by 15% in 2017, according to the Annual Economic Report 2018* from the CECE - Committee for European Construction Equipment. After a very strong first quarter, growth slowed down in the second quarter, before taking off again in Q3 and Q4. Current levels of sales are on par with the levels seen in 2006 and 2008, but the industry is still 20% below the 2007 peak.
Ecuador road repair programme established
March 15, 2018
Ecuador has plans for a programme of road repairs and improvements worth US$300 million. The work planned will include repairs to stretches of roads affected by roadslides and flooding. So far $40 million of repair works have been carried out. The programme has been set out by the Ministry of Transport and Public Works (MTOP).
New Brazil-Paraguay bridge being planned
March 15, 2018
Plans are being crawn up for a new bridge spanning the Paraguay River that will link Brazil with Paraguay. Final approvals for the project have still to be given. The bridge will connect Brazil’s Matto Grosso do Sul State with Paraguay’s Carmelo Peralta area. Once the 500m-long bridge is complete it will form part of a much wider transport link for a new highway connecting Brazil with Chilean ports and also running through Argentina and Paraguay. The bridge is costing US$61.4 million to build, with the fund