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Record breaking Ritchie Bros. auction in Donington Park, UK
July 17, 2015
Industrial equipment auctioneer Ritchie Bros. reported its largest-ever UK auction was held in July, in Donington Park. More than 120 sellers put over 1,600 item on the block for the 900-plus bidders – all record levels, according to Ritchie Bros. All items in the unreserved public auction at the motor racing circuit were sold without minimum bids or reserve prices. Bids were placed in person at the Donington Park auction site, live online via rbauction.com and by proxy. Rupert Craven, sales direct
Mexican highway projects underway
July 16, 2015
The Mexico’s Secretariat of Communications and Transport (SCT) has confirmed that a total of 1,474 road infrastructure contracts were granted in the first half of 2015. This work is costing in the region of US$1.02 billion. A total of 74% of these contracts were awarded to Mexican companies, whilst 26% corresponded to foreign firms. SCT informed that 31 projects were concluded so far in 2015 and added that 12 additional initiatives were expected to be completed by the end of the year.
Slovakia highway construction programme on track
July 16, 2015
Slovakia is pushing ahead with its road building plans, which will see over 56 m of motorways being completed by end of 2015. This is the main priority of the Slovak Transport Ministry for 2015. The Slovakian Government also plans to complete tenders for the construction of 90km of bypasses for Bratislava, Kosice and Presov. The Slovak Transport Ministry intends to complete two sections of the D1 route, the 11.2km Fricovce-Svinia stretch and the 18.5km Janovce - Jablonov section as well as the 10.4km stretc
Moscow’s three year road building plan
July 16, 2015
Plans are in hand in Moscow and the surrounding area for the construction of 135km of new roads. This road programme is expected to cost in the region of US$888.5 million to carry out. One of the key projects is for the construction of the Central Ring Road, which is due for completion in 2025. By 2035, the construction programme should have seen the completion of some 700km of roads.
Key Italian agreement highlights resurgence in construction machinery segment
July 16, 2015
An agreement has been struck between the Veronafiere-SaMoTer exhibition and Italian construction equipment manufacturing association Unacea. This deal is intended to further boost the Italian construction machinery industry. Exports are performing well (70% of production), although the domestic market has to be kick-started after falling by 80% because of the economic crisis.
VDMA optimistic for machine sales
July 16, 2015
The VDMA is the German equipment manufacturing association and says it is optimistic with regard to machine demand. The VDMA’s latest forecast for the construction equipment business segment in 2015 suggests market growth of 4%. According to the VDMA, the bauma 2016 construction equipment event in Munich in spring 2016 will also provide strong impetus for machine sales. German construction equipment manufacturers are more optimistic at the middle of the year than they were at the beginning – "even though u
FIA Region I cautiously welcomes European Parliament transport report
July 16, 2015
The European Parliament’s Transport and Tourism (TRAN) Committee voted to approve a report evaluating the implementation of the European Commission’s 2011 White Paper on Transport. The document outlines the priorities and directions that the TRAN Committee would like to see the Commission take as they continue the consultation process for the revision of the White Paper on Transport. The Parliament’s position is that consumers must be at the heart of all transport policy initiatives. FIA Region I, a cons
Brazil: Rate of return for upcoming road tenders set at 9.2%
July 16, 2015
Brazil's Treasury Ministry has confirmed that the rate of return for the upcoming highway concession auctions is to be set at 9.2%, up from the 7.2% used in the previous round of tenders in 2013. The lower return is to ensure that the road tolls are lower. However, critics said the measure is not high enough and many contractors are looking for a rate of return of at least two digits, Brazil media reported. Even the increased rate as it stands will not lead to a greater number of contractors tendering fo
Colombia: Toyo Tunnel award to be made in September
July 15, 2015
The contract award for Columbia’s 9.75km Toyo Tunnel project will be made on September 28, according to Columbian media. The tunnel, costing almost US$760, will be part of a new 39km road between Santa Fe de Antioquia and Canasgordas. World Highways reported in January that the central government will contribute $216 million towards the project, the regional government of Antioquia department will contribute $337 million and the Medellin city government will pitch in with $212 million. Columbia’s N
Cianbro picks up another contract for Washington’s Memorial Bridge
July 15, 2015
The 1930’s Arlington Memorial Bridge in Washington, which has carried US presidents and military heroes across the Potomac River to the famous Arlington Cemetery, is to undergo refurbishment, again. Cianbro Corporation, based in the state of Maine and which worked on the bridge in 2013, picked up the contract for US$2,523,520, according to a notice on the FedBizOpps.gov website. The Federal Business Opportunities website had earlier this year asked for submissions for the work: “The project will be sp