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More financial doubt over proposed Fehmarn Belt Tunnel
March 17, 2017
The proposed Fehmarn Belt Tunnel to link Denmark and northern Germany will never be economically viable, according a report commissioned by German ferry operator Scandilines. Revenue and traffic forecasts are unrealistically high, notes the report completed by German consultancy DIW Econ. It is unlikely that the latest cost to build the massive road tunnel, around €7.4 billion, would ever be recovered. The Fehmarn Belt is a strait between the German island of Fehmarn and the Danish island of Lolland. Cur
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Serbia ponders Chinese firm for Pozega-Boljare concession
March 17, 2017
Serbian prime minister Aleksandar Vucic said that part of the future Pozega-Boljare motorway towards Montenegro could be let under a concession to China. Meanwhile, Serbian minister of construction and infrastructure Zorana Mihajlovic, has said that around €9 billion of all types of infrastructure projects are underway. Included is the Corridor 10 motorway, due for completion by the beginning of 2018 and the 103km Obrenovac-Preljina motorway set for completion by the end of this year, as well as project
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China opts for domestic Montenegrin firms
March 17, 2017
China Road and Bridges Corporation has reportedly appointed 67 Montenegrin contractors for its work in Montenegro. Contractually, CRBC must have at least 30% of the work going to Montenegrin firms, according to the national Montenegrin roads company Monteput. Monteput also said that the value of construction work in 2016 grew by over 30% to €383 million in comparison with 2015.
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VDMA reports 3% rise for German construction equipment makers
March 16, 2017
German manufacturers of construction equipment achieved a turnover of €9.3 billion in 2016, a 3% rise compared to 2015. The increase was despite a global sales dip of 1% and in 2017, German manufacturers again expect another 3% increase in sales. The German market was a big driver for sales, posting a 20% increase on 2015 to reach around €3 billion, according to the VDMA, the German Engineering Federation. “In view of this high level, a further growth seems hardly possible, even if our customers co
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Canada: LINK 427 wins Ontario’s Highway 427 Expansion contract
March 16, 2017
LINK 427 has been selected for the US$457 million design, build, finance and maintain contract for the Highway 427 Expansion project in Ontario province. The LINK team consists of ACS Infrastructure Canada, Dragados Canada, Bot Infrastructure, Brennan Infrastructures, MMM Group and Thurber Engineering. The project, in the Toronto area, includes a new 6.6km extension of Highway 427 from Highway 7 to Major Mackenzie Drive and widening of 4km from Finch Avenue to Highway 7. Work includes building thre
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Deutz revenue up slightly and more engines sold for 2016
March 16, 2017
Deutz has said that new orders for 2016 amounted to €1,261.4 million, up by 2.9% on the prior-year figure of €1,225.9 million. The level of new orders rose in the construction equipment, material handling and agricultural machinery application segments, and in the service business. Deutz sold 132,539 last year, a drop of 3.8% compared to last year's figure of 137,781. The Stationary Equipment and Automotive application segments, in particular, reported fewer engine sales. Revenue amounted to €1,260
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Revenue holds steady for Wacker Neuson in 2016
March 16, 2017
Wacker Neuson said that it managed to keep 2016 revenue stable despite challenging market conditions but profitability was impacted by crises in key markets. The company is positive about 2017 and expects revenue and earnings to grow again. Revenue for 2016 was €1.36 billion, up only 0.3% on 2015. Profit was negatively affected by crises in emerging markets and industries as well as a number of one-off effects, the company said. Profit before interest and tax (EBIT) contracted 15% to just over €88
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West Africa highway link from Abidjan to Dakar
March 16, 2017
Construction work for the Abidjan to Dakar Highway project is now starting.
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Kenya-Tanzania road link construction to commence
March 15, 2017
Construction work is due to commence shortly on a new road link connecting Kenya and Tanzania. The 450km route will connect the cities of Bagamoyo in Tanzania with Kenya’s key port, Mombasa. The project is expected to cost US$600 million and will also run through Saadani, Pangani, Lunga Lunga and Malindi. The route runs along existing roads and the work will require repairs and upgrading to a 250km stretch, as well as asphalt surfacing of a section measuring 175km.
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Egypt roads expansion programme planned
March 15, 2017
Plans have been announced for the third phase of Egypt’s road expansion programme. This is expected to be carried out in the 2017-2018 period and is intended to add a further 7,000km to the country’s road network. The second phase of the road expansion programme is now being completed. The programme has been organised jointly by the Ministry of Transportation and the Armed Forces Engineering Authority and the Housing Ministry. Local firms have carried out around 30% of the work, with large companies having
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