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The market is due for a slowdown

December 13, 2012

There is nothing that fuels economic uncertainty like economic uncertainty. Lack of confidence amongst investors ensures a reluctance to invest, and that is a common problem for many of the markets around the world at present. The financial crash that started in the US in 2008 and then spread to Europe is an economic malaise that has lasted longer than previous recessions and has had a wider effect for the world economy. Europe has been hard hit and speaking at the recent Committee for European Constructio

Fugro wins 3-year pavement assessment contract with UK council

December 13, 2012

Fugro has secured a three-year contract with Luton Borough Council in southern England to provide a range of highway and footway investigations, including the Council’s annual SCANNER surveys using Fugro’s ARAN (Automatic Road Analyser) survey system. The survey package also includes SCRIM (surface friction) testing of Luton’s A, B and C roads, and CVI (coarse visual inspection) of unclassified roads. Cambridge-based Fugro transport specialists will process the survey data to generate NI (national indicator

German government to take over Toll Collect?

December 13, 2012

The German government is reported to be willing to take over truck toll operator Toll Collect – ending years of dispute over billions of euros in penalty payments and damage claims. A takeover agreement is still said to be possible before the end of 2012, according to a report in a German national media publication. The contract with Toll Collect expires in 2015. The Toll Collect consortium consists of Germany-based Daimler and Deutsche Telekom as well as France-based Cofiroute.

ADB to provide US$300 million loan for roads project in Chhattisgarh, India

December 13, 2012

The Chhattisgarh government in India will receive a US$300 million loan from the Philippines-based Asian Development Bank (ADB) for upgrading more than 900km of roads by 2017. The project will include works like building new sections, expanding roads to accommodate a two-lane system as well as the construction and strengthening of culverts and bridges. The state will also contribute over $128 million for a total project investment cost of $428.10 million.

Qatar’s key projects in planning

December 12, 2012

An enormous array of new construction projects is being planned for Qatar in the 10 year run-up to the 2022 World Cup, as well as its bid for the Summer Olympics in 2020. A new event, Qatar Projects 2013, will focus on new wave of infrastructure projects being planned. With project tenders and awards expected to reach $ 30 billion a year from 2013 to 2014, Qatar is a key country for the construction sector to focus on. The wave of new projects to be awarded will be comprehensively discussed at the Qatar Pro

Work commencing on key Indian highway project

December 12, 2012

In India work is commencing on a new highway project that will boost transportation in the country. The US$135 million project is for a 193km highway linking Malavalli and Pavagada. The World Bank has provided some of the funding through the Karnataka State Highways Improvement Project (KSHIP). The work will be carried out by the Sadbhav-GKC consortium and will take some 30 months. The deal is being offered as a 10 year concession package, under the design, build finance, operate, maintain and transfer (DBF

Design underway for Hong Kong tunnel project

December 12, 2012

Work is moving ahead on the plans for a new tunnel link in Hong Kong, with the detailed design work now underway. The Central Kowloon Route (CKR) is now at the detailed design stage and Hong Kong’s Highways Department has launched the three-month phase two public engagement exercise, to collect public views on the design and construction plans. The route will be 4.7km long featuring three lanes in either direction and a 3.9km long tunnel section. Construction work is set to start in 2015 and will be comple

A new tunnel project for Turkey is a significant move

December 12, 2012

The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a

Colombia’s to invest US$6.66bn in motorways and other infrastructure

December 12, 2012

The Colombian government and private investors is to invest US$6.66 billion (COP 12tn) in infrastructure projects like motorways, ports and El Dorado airport in the next two years. Around $2 billion (COP 3.6tn) will be spent on motorways, and a further $666 million (COP 1.2tn) on other road works. More than 8,000kms of new motorways will be built in the next six years.

Poland’s regional government issues permit for US$207.52mn ringroad project

December 12, 2012

Polish regional government of the Podlaskie Voivodeship has granted a permit for the construction of a ringroad in Augustow. Weather permitting, the US$207.52 million (PLN 659mn) project in the north-east Poland town may commence before the end of 2012 and is to be completed by September 2014. The new road will be 36.3km long and avoid the Nature 2000 protected area.