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OECD (Organisation for Economic Co-operation and Development) countries investment in road, rail and inland waterway infrastructure as a percentage of GDP averages around 1%, according to new research by the International Transport Forum (ITF). The figure is contained in the ITF at the OECD’s 2013 annual statistics update ‘Spending on Transport Infrastructure 1995-2011: Trends, Policies, Data’, which is accompanied by a related database, released today.

Hyundai Engineering & Construction (Hyundai E&C) is to head a consortium building the lateral towers, aprons and suspension cables for the new Bosporus crossing in Turkey. Hyundai E&C will work in a consortium with its partner SK Engineering & Construction on the US$697 million project to construct the 2.16km Third Bosporus Bridge. This suspension bridge will feature eight lanes for motor vehicle traffic as well as two rail lines. With a width of 59m it will be the widest bridge in the world that carries a

China's car rental market is set to record a 17% increase in revenue during 2015 to US$6.33 billion (CNY 39bn) compared to 2010, according to Roland Berger Strategy Consultants. The country's top rental firm, China Auto Rental, is expected to be offering more than 100,000 cars by 2018. The firm recently launched a strategic plan to 2018. In June 2013, China Auto Rental hired world famous football player David Beckham as the company's ambassador. The car rental services provider currently offers 55,000 cars

The South Korean government is supporting 167 infrastructure projects, including the construction of new expressways, nationwide with an investment of US$108.61 billion (KRW 124tn), according to the Ministry of Strategy and Finance. Under the plan, the government will invest $35.2 billion (KRW 40tn) on 71 projects that have already been launched. It will spend another $73.41 billion (KRW 84tn) on 96 new projects. The government will seek as much investment from the private sector as possible to ease the bur

The UK government is planning to make improvements to the M5 and M6 as part of its US$150.41 billion (£100bn) infrastructure spending programme. Changes will include motorists being allowed to drive on the hard shoulder, with computerised signs being installed to inform them when it is safe to do so. The Government has also confirmed that it will provide funding for a new link road between the M6 Toll and the M54, while $8.94 billion (£6bn) will be put towards repairing roads and $5.96 billion (£4bn) will b

The Toll Bridge Program Oversight Committee (TBPOC) today said that the previously scheduled Labor Day (2 Sep) opening of the new East Span of the San Francisco-Oakland Bay Bridge has been postponed. News of the delayed opening was announced at the same time as TBPOC released its investigative report into the 32 bolts that broke on the Bay Bridge in March 2013, and its review of other bolts on the bridge. The contractor now forecasts that the steel saddle retrofit of the failed bolts on the east pier will b

TRL and GCA have entered a partnership agreement to undertake consultancy and research projects sharing resources, technology and staff. A consulting engineering firm based in Atlanta, Georgia, GCA is a leading specialist in traffic engineering and intelligent transportation systems, focussing on providing transport strategies for optimising the movement of people, goods and services. UK-based TRL’s Traffic and Software Business Unit provides consultancy and develops world leading traffic control systems su

Liebherr reports healthy business performance for 2012, despite tough trading conditions in some markets. Group turnover for 2012 rose 9.1% (€756.2 million) from the previous year and reached a record €9.09 billion, the highest in Liebherr’s history since the firm began operations in 1949. Meanwhile the company continued to invest in its operations with group investments totalling €854 million, an increase of 27.6% (€853.8 million) over the previous year. Meanwhile the workforce grew by 2,468 to some 37,80

A US$557.15 million (CNY 3.45bn) project to build Shenzhen, China’s longest tunnel will start before the end of this year. Due for completion in 2015, the 7.5km tunnel will connect Yantian District and the Pingshan New Area. The Pingyan Passage connecting the two areas will have two flyovers and three bridges, including the tunnel. An 80km/h speed limit will be imposed on the six-lane route. The $629.82 million (CNY 3.9bn) 11.3km long Pingyan Passage will shorten driving time to 10 minutes. The passage will

Progress is being made in Indonesia with regard to the Sunda Strait Bridge project. Construction work is expected to start shortly and the cost of the project has been estimated at some US$10.6 billion.