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Crane collapse on US bridge project
July 20, 2016
A crane collapsed over the Tappan Zee Bridge in the US on July 19th. Construction work is being carried out on the bridge. The structure is located in Tarrytown, New York State and the bridge is around 40km north of central Manhattan, spanning the Hudson River at one of its widest points. The crane was being used for the construction work and collapsed right across the roadway and in front of vehicles using the crossing. A number of vehicles were damaged in the incident and local news reports suggest up to
Q2 sales down but market share up for Volvo Construction Europe
July 19, 2016
Volvo Construction Equipment reports share growth as overall market declines in Q2. Lower demand in most markets outside Europe weighed on Volvo CE’s second quarter 2016 revenue. But this was partially offset by gains in market share in the heavy equipment segment, according to a written statement from the Swedish manufacturer. Adjusted for currency movements, Volvo CE reported net sales down 7% in the second quarter of 2016, impacted by lower demand in most markets outside Europe. Weaker machine sal
Romania building new road and highway links
July 19, 2016
Romania’s road building programme is moving forward, but perhaps more slowly than the country’s National Company for Highways and Roads (CNADNR) would prefer. At present a total of 733km of highways are open to use in Romania, but new sections measuring up to 260km in all should be ready for traffic by the end of 2017. A further 22km of the A1 highway connecting Orastie with Sibiu is expected to open in the third quarter of 2016. The Deva to Lugoj stretch of the A1 has also to be completed, while a section
Portuguese firm wins contracts in Angola and Brazil
July 19, 2016
A series of major road projects will be carried out by Portuguese contractor Mota Engil in Angola and Brazil. In all the work is worth in excess of US$419 million. The company is building a 10km section of the Via Expressa around capital Luanda, as well as upgrading another key route in the city. Luanda’s population has grown significantly in recent years and many existing roads are now proving unable to cope with demand.
Property issues holding back start of work on Gordie Howe Bridge
July 19, 2016
Delays in buying properties in Detroit, Michigan, could hold up construction of the proposed 3.2km Gordie Howe International Bridge that will link the US city to Windsor in Canada. A report by the Detroit Free press said that around 30 of the estimated 900 parcels of land in the city’s Delray district could pose potential problems if owners resist selling the sites to the bridge’s developers. The newspaper noted that Dwight Duncan, interim chair of the Windsor-Detroit Bridge Authority - the Canadian e
Mountain View Partners to start on Calgary’s Southwest Ring Road
July 19, 2016
Preliminary utilities work is set to begin in September on the last section a ring road around the Canadian city of Calgary. The Calgary Herald newspaper quoted the Alberta provincial infrastructure and transportation minister Brian Mason saying that the project is on schedule. He said “everything is going as planned … It’s important that we keep on top of this and it’s important that we keep it moving forward and so far we’re doing just that.” The public-private-partnership project for the southwest
Canada: National Bank and Axium refinance Sea-to-Sky Highway
July 19, 2016
National Bank Financial and Axium Infrastructure have refinanced the Sea-to-Sky Highway Improvement Project in the Canadian province of British Columbia. A statement from Axium said that the US$427 million 25-year public-private-partnership had “strong investor support and an A2 rating from Moody’s”. The Sea-to-Sky Highway Investment Limited Partnership - Axium Infrastructure, Régime de Rentes du Mouvement Desjardins and Nova Scotia Pension Agency - is the consortium in charge of the concession. In
Iran highway deal for Italian firm
July 18, 2016
An Italian roads company will handle the programme for a major road construction and management project in Iran. Anas International Enterprise (AIE), a subsidiary of Italian state-owned firm Anas, is in charge of the work. This contract is for the construction and management of 1,200km of motorways in Iran. The package of works was awarded by the Iranian Ministry of Roads & Urban Development, with a projected cost of US$3.98 billion in all to construct all the routes required. A feasibility study is planned
New president appointed by Volvo CE Americas
July 18, 2016
Volvo CE has appointed a new president to handle its Americas Sales Region. Stephen Roy will take over in the role from September 1st 2016. Roy previously held senior management positions in Volvo Financial Services and the Volvo Group’s North American commercial truck operations. He will be responsible for meeting the diverse needs of customers in North America and Latin America, strengthening Volvo CE’s market position in the region and boosting profitability.
Funding for Rwanda roads rebuild
July 18, 2016
Foreign funding will help pay for key road rebuilding work in Rwanda. Loans worth US$162.4 million are being provided by the African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA), with a $22 million development grant also coming from the EU. These financial sources will help pay for work to improve the 92km long link connecting Kayonza with Rusumo as well as the 116km road between Kagitumba and Kayonza. These road links are of importance as they help connect Rwanda to its nei