Australia road contract awarded to South Korean firm
The 13km M4-M5 Link in Sydney, Australia is to be constructed by the South Korean contractor, Samsung C&T. The project is worth US$788.5 million. The new link will be constructed as an underpass and is due for completion in mid-2023.
August 22, 2018
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The 13km M4-M5 Link in Sydney, Australia is to be constructed by the South Korean contractor, 1026 Samsung C&T. The project is worth US$788.5 million. The new link will be constructed as an underpass and is due for completion in mid-2023.
Lane Construction, the US subsidiary of Italy’s Salini Impregilo Group, has won a US$346 million design-build contract for the Interstate I-440/US 1 in North Carolina.
Lane will be making improvements to the Interstate I-440/US 1 Wake County from south of Walnut Street to north of Wade Avenue. Around 10.5km of the highway - referred to locally as the Raleigh Beltline - will be widened from four lanes to six lanes.
The work involves replacing pavement and bridges and upgrading interchanges and is expected
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
