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Latest Economic Outlook Update
Asian Development Bank (ADB) plans to invest $800 million as part of an investment program to be carried out in four phases to build 9,000 kilometers of rural roads in five states in India.
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Genting Bhd plans to undertake a coal-fired power plant project in Banten province, West Java at an estimated cost of MYR3.19 billion ($1 billion) through its wholly-owned subsidiary Lestari Listrik Pte Ltd.
Nordic Investment Bank (NIB) and the city of Vilnius have signed an agreement for a new 20-year loan facility totalling €8.5 million ($10.4 million) for financing a municipal investment programme.
Tata Steel is mulling to delay the relighting of No 4 blast furnace at Port Talbot if market demand by the year end does not require immediate production.
Staffordshire-based Linford Group, one of the UK’s oldest new build and refurbishment firms, has reported insolvency with the loss of 245 jobs.
The Real Estate Regulatory Authority of Dubai has released official data showing that a total of 217 property projects have been cancelled across Dubai over the last two years as a result of a slump in the real estate sector.
Florida Governor Rick Scott’s announcement to veto $134 million in college construction projects poses a threat to college expansion and renovation projects.
The industry has given mixed reactions on Chancellor George Osbourne’s announcement of a £250 million fund for first-time home buyers and the extension of Support for Mortgage Interest (SMI).
Exeter-based steel frame building specialist Michael Thorne Construction (MTC) entered into administration, blaming its bank for not adopting a constructive approach and cutting overdraft facilities.
The State of Kentucky is planning to submit an application for a $100 million federal loan for completion of the Museum Plaza in Louisville.
Marina West, the property that was slated to become Bahrain’s biggest gated beachfront property upon completion, is facing undue delays due to the global economic crisis.
The Versailles, a Ritz-Carlton style luxury apartment complex for seniors in San Mateo city, has been taken over by lenders after the developer failed to clear loans following poor sales due to the global economic crisis.
A dozen transport construction projects worth nearly GBP1 billion ($1.48 billion) emerged unscathed from the proposed budgetary cuts of the UK government.
Norstar Developments, a Buffalo-based developer, has been forced to scrap plans to build 150 high end condominiums in Albany, New York and replace them with affordable rental apartments.
Frost & Sullivan's new analysis of Middle East Airports Infrastructure Market reveals that the Middle East airports will invest $86 billion in expansion plans.
Nine airports can be upgraded along with safety enhancements with the aid of a $10 million state investment from PennDOT's Aviation Capital Budget/Transportation Assistance Program.
The Brazilian Development Bank (BNDES) has been authorized to finance the construction or renovation of stadiums for the Soccer World Cup 2014.
Brian P. McGowan, US Deputy Assistant Secretary of Commerce for Economic Development, has presented a $7.2 million Economic Development Administration (EDA) grant to the city of Anaheim, California.
The US Department of Housing and Urban Development (HUD) has announced a commitment to insure a mortgage loan to Mennonite General Hospital in Cayey and Aibonito, Puerto Rico, to expand and renovate its Cayey campus.
The Asian Development Bank (ADB) has approved a $100 million loan package for the project, including $80 million from its ordinary capital resources (OCR) and $20 million from its concessional Asian Development Fund (ADF).
Through its Economic Action Plan, the Government of Canada is investing in key infrastructure projects across the country and creating jobs in Kingston, Ontario.