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New Philippines tolled expressway link
March 23, 2018
A major new tolled expressway project is now being planned in the Philippines. The proposed NLEx-Cavitex Port Expressway Link will provide a connection between the North Luzon Expressway and Manila-Cavite Expressway. The project to build the link is expected to cost US$1.73 billion, with work being carried out in three stages of 5.7km, 4.8km and 4.6km. One of the most expensive stretches will include a tunnel section. The project is being planned by the Metro Pacific group.
Wacker’s strong financial performance in 2017 showed growth
March 23, 2018
“Over the coming years, we want to rank among the top three providers of core products based on market share in the industry. We also aim to grow faster than the market. In the past year, we have proven that this is possible,” said Lehner. Within the framework of the “Strategy 2022” roadmap, the Group has set itself the goal of significantly exceeding the €2 billion revenue mark in the medium term and achieving an EBIT margin of over 11%. It aims to gradually reduce net working capital to below 30% of
European equipment sales up 15% in 2017, according to the CECE
March 16, 2018
European construction sales grew by 15% in 2017, according to the Annual Economic Report 2018* from the CECE - Committee for European Construction Equipment. After a very strong first quarter, growth slowed down in the second quarter, before taking off again in Q3 and Q4. Current levels of sales are on par with the levels seen in 2006 and 2008, but the industry is still 20% below the 2007 peak.
Ecuador road repair programme established
March 15, 2018
Ecuador has plans for a programme of road repairs and improvements worth US$300 million. The work planned will include repairs to stretches of roads affected by roadslides and flooding. So far $40 million of repair works have been carried out. The programme has been set out by the Ministry of Transport and Public Works (MTOP).
New Brazil-Paraguay bridge being planned
March 15, 2018
Plans are being crawn up for a new bridge spanning the Paraguay River that will link Brazil with Paraguay. Final approvals for the project have still to be given. The bridge will connect Brazil’s Matto Grosso do Sul State with Paraguay’s Carmelo Peralta area. Once the 500m-long bridge is complete it will form part of a much wider transport link for a new highway connecting Brazil with Chilean ports and also running through Argentina and Paraguay. The bridge is costing US$61.4 million to build, with the fund
Deutz bullish with strong results
March 14, 2018
German engine maker Deutz reports a strong financial performance for 2017, with a marked increase in new orders, revenue and operating profits. With a view to the future, the firm is also positioning itself as a leader for innovative drive systems for off-highway applications. The firm’s new orders amounted to €1,556.5 million, up by 23.4% on the prior-year figure of €1,261.4 million. All of the major application segments, including the service business, registered an increase in new orders. Almost 162,000
Côte d'Ivoire plans infrastructure development
March 14, 2018
A massive programme for infrastructure development is being planned by Côte d'Ivoire in a bid to help continue the country’s steady economic progress. The plans call for US$7.04 billion to be spent on developing infrastructure, with a strong focus on new and improved transport connections. Rural roads, trunk roads and highways are all being planned as well as new bridges. The programme includes the construction of 330km of highways as well as an improved road link with Burkina Faso’s capital Ouagadougou
Paraguay’s planned public works projects
March 14, 2018
Paraguay is making progress with key public works projects as key contracts are now being awarded. Of prime importance is the contract for a stretch of the Corredor Bioceanico highway that will run across the country, which has been awarded to a consortium, Consorcio Corredor Vial Bioceanico. This 227km stretch of the bi-oceanic highway runs from Carmelo Peralta to Loma Plata and the deal was awarded by Paraguay’s Ministry of Public Works and Communications (MOPC). The consortium is made up of the firms
Uruguay’s project tender attracts interest
March 14, 2018
Interest has been strong in the tender process for Uruguay’s Road Corridor Number 5 project.
Work well underway on Colombian highway project
March 13, 2018
Work is well underway on Colombia’s US$453.43 million Conexion Pacifico II highway project. The construction work for the 96.5km highway is around 33% complete at this stage. Work is also underway on the 2.5km-long twin tube Mulatos tunnel, with around 700m having been driven so far and this portion of the project is costing nearly $127 million. The new highway will reduce journey times between Colombia’s Antioquia Department and the country’s coffee producing regions, as well as to its port of Buenaventura