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Strabag toast ‘double-digit’ revenue and earnings rise

April 27, 2012

Strong demand in the German building construction and civil engineering sector and booming Polish transport infrastructure construction helped fuel a double-digit increase in Strabag revenue and earnings during the 2011 financial year. The Austrian construction firm’s earnings before tax and interest (EBIT) rose by 12% to US$442.81million (€334.78million), resulting in an unchanged EBIT margin of 2.4%. Meanwhile, Strabag’s revenue rose by 11% to $18.13billion (€13.71billion).

Nepal safety issues

April 27, 2012

The authorities in Nepal are establishing a road safety plan that is intended to reduce the country’s annual injury and fatality rates. Nepal’s Traffic Police Directorate recently announced figures showing that of the 8,503 accidents recorded in the 2010-2011 financial year, 4,914 occurred within the Kathmandu Valley. The police also said that factors causing accidents included the poor state of gravel and surfaced roads and inadequate traffic signs. Potholes are a major problem on Nepal’s road system accor

Liberty Electric Cars chosen to ‘Deliver’

April 27, 2012

Liberty Electric Cars (LEC) has been chosen as one of the major partners of the Europe-based Delivery project, aiming to produce a pure ultra-efficient electric commercial vehicle. Chosen due to the firm’s extensive experience in electric commercial vehicle engineering and design, LEC’s team of experts played a crucial role in the development of the Modec truck, a range of 5.5tonne commercial vehicles that have been sold to a wide variety of customers across Europe. Operators of the truck include global com

Algerian highway at centre of legal case

April 27, 2012

A legal case is now underway in Algeria relating to the construction of the East-West highway as well as other infrastructure work in the country. Charges of money laundering, corruption and bribery have been placed against foreign companies from China, France, Italy, Japan and Switzerland, as well as against a number of Algerian businessmen and officials.

Australia's key road plans

April 27, 2012

Major road investment is seeing a transformation of the network in Queenland, Australia. Further investment is waiting in the wings and the recent Connecting SEQ 2031 Transport Plan from the State Government of Queensland will see the construction of a primary arterial road linking North Lakes and Caboolture.

EBRD funding for St Petersburg project?

April 27, 2012

The European Bank for Reconstruction and Development (EBRD) intends to provide a US$277 million (€200 million) loan to the Northern Capital Highway consortium, which will build the central 11.5km section of St Petersburg’s Western High Speed Diameter (WHSD) route. The EBRD’s board of directors has said will consider the loan on 14th February 2012. The finance package is of note as Russian road projects have largely found funds from other sources so far. The Northern Capital Highway consortium estimates the

Malaysia's SMART tunnel

April 27, 2012

A series of stamps has been produced in Malaysia that focus on the innovative project to save capital Kuala Lumpur from both chronic traffic congestion and flooding during periods of high seasonal rainfall.

Largest field trial worldwide of car-to-x communication

April 27, 2012

A research consortium headed by Daimler AG has claimed a breakthrough in the wireless exchange of information among vehicles and between vehicles and the traffic infrastructure. Following three years of intensive research work, Daimler is presenting the current status of the Sim project in Germany together with the involved project partners. It is also announcing the launch of what it claims is the largest field trial for car-to-x communication worldwide: from the spring of 2012, around 120 vehicles will be

Middle East development

April 27, 2012

The nations of the Gulf Cooperation Council (GCC) look set to invest a healthy US$18 billion in road projects between 2011 and 2020. The road projects are expected to improve connections between Kuwait, Oman, Saudi Arabia, Qatar and the UAE.

Indian infrastructure investment plans

April 27, 2012

In India innovative infrastructure investment plans are being drawn up intended to help develop the country's highway network. The National Highway Authority of India (NHAI) plans to finance its road projects by issuing bonds.