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US-based infrastructure firm AECOM has secured an engineering, procurement and construction (EPC) contract for the $700M Alliant Energy Riverside Energy Center expansion project in Wisconsin, US.AECOM will be responsible for the design, supply, install and start-up of a 2x1 gas-fired combined cycle. The power plant will use gas-fired combustion turbine technology to produce about 700MW of electricity for Alliant Energy customers in Wisconsin. AECOM’s chairman and CEO Michael Burke said: “We’re pleased to build the next-generation power plant that will enable Alliant Energy to keep delivering efficient and cost effective energy to thousands of customers and businesses.“This project taps an experienced, talented team unrivaled in our industry for delivering energy efficient power generation sites across the country.”The project is expected to be complete by early-2020.
Momentum joint venture has been selected as the construction management-as-agent contractor for the ITER’s project to build the world’s largest nuclear fusion reactor at Cadarache in France.The JV is led by Amec Foster Wheeler in partnership with Assystem and KEPCO Engineering and Construction Company.Under the €174M contract, Momentum will manage and coordinate the assembly and installation of more than 1M components for the ITER reactor.The scope of the work includes contract management, configuration management, project management, construction preparation, site coordination, works supervision, and activities leading up to mechanical completion.Amec Foster Wheeler’s president of clean energy business Clive White said: “The Momentum team is proud and delighted to be chosen for such a pivotal role on one of the world’s most important energy projects.“The Momentum partners will bring complementary skills to bear and embed a can-do project culture focused on safety, quality and maintaining schedule and costs.“Amec Foster Wheeler has played an important part in the ITER project for over 20 years and this important contract underlines our key role in developing future nuclear technologies while continuing to support the existing fission power industry.”The contract will run for 10 years and has an option to extend for three years.
Royal Caribbean Cruises has signed an agreement with Miami-Dade County to build and operate a new cruise terminal at PortMiami, Florida.The new terminal will support PortMiami and will serve as homeport to Royal Caribbean International ships, including a 5,400-passenger Oasis-class ship — the world’s largest cruise ships.The 16,000sq m terminal, designed by Broadway Malyan, is nicknamed the ‘Crown of Miami’ due to its distinctive shape and will be built on land leased from the county. The company will also add a 2,000sq m Innovation Lab to its corporate PortMiami’s headquarters.Miami-Dade County mayor Carlos Gimenez said: “Miami-Dade County is happy to welcome Royal Caribbean’s expansion at PortMiami, and all the economic benefits that come along with it.“This public-private partnership will have an estimated economic impact of $500M and generate approximately 4,000 jobs. “Royal Caribbean has been an important part of our world-class community for almost 50 years, and this expansion will once again make PortMiami Royal Caribbean’s largest cruise port in the world. I thank them for their continued investment in and commitment to Miami-Dade.”The agreement will come before the Miami-Dade County board of county commissioners on 6 July 2016.
Pfizer is set to construct a $350M biotechnology centre in China.The new facility will represent the company’s third biotechnology centre across the world and the first in Asia and will include an advanced modular facility by GE Healthcare, based on flexible single-use bio-manufacturing technology.The centre will accommodate the Pfizer China’s biosimilars and biologics quality, technical service, logistics and engineering divisions, in addition to commercial manufacturing. It will also serve as a process development and clinical supply site.Pfizer Essential Health group president John Young said: “We believe that the Pfizer Global Biotechnology Center in Hangzhou will help support China’s aim to increase the complexity and value of its manufacturing sector by 2025, and contribute to building a truly innovative and vibrant biopharmaceutical industry.“We are encouraged by a series of important reforms introduced by Chinese government that will further stimulate the industry to meet emerging health challenges, such as the rising incidence of non-communicable diseases and an aging population; as well as attract both domestic and foreign investment in healthcare and R&D.”The facility is anticipated to be completed in 2018, creating more than 150 jobs in the region.
Vinci Energies in a joint venture with Sogetrel has secured a €124M contract to design and build a high-speed network in France.The scope of the contract will include the provision of new broadband connections to two-thirds of Moselle’s municipalities, through the laying of almost 6,000km of optical fibre, connecting at least 140,000 homes.The broadband network will be constructed for Moselle Fibre — a joint association featuring the Moselle department council and 19 municipality clusters.According to the company, the optical fibre network will complement the private-sector infrastructure and enable subscribers to connect to an FTTH — fibre to the home — electronic communications network by 2021.Work on the project will commence in September 2016, with the creation of 200 construction jobs, and will be completed in four years.
The UK construction industry is expected to experience major downside risks to growth following UK’s vote to leave the European Union, according to a new report.Timetric’s Construction Intelligence Center (CIC) new report, entitled ‘Brexit and the Impact on Construction in the UK’, concluded that the UK construction industry growth is expected to fall from 3.4% to 2.8% this year.The findings reveal the great deal of uncertainty as to what the full implications of Brexit are for the UK’s construction industry.Danny Richards, leading economist at CIC, recognizes that the industry growth started being affected during the EU referendum campaign.“Construction output growth had already started to slow ahead of the referendum, in fact output was down by 1.9% in the first quarter on a year-on-year basis, and the uncertainty that will prevail in the coming months following the referendum suggests that investment flowing into new projects will slowdown, and some works could be put on hold,” he said.Furthermore, the pace of growth in the UK construction industry in 2017 is expected to slow from 4% to 1.5% — reflecting a sharp downturn in investment as the government embarks on a two-year process of negotiating its exit from the single market.“The downwards revisions to our growth forecasts for construction output mean that the UK’s construction industry’s output in 2017 will be £4.8bn lower than what it would have been had the outcome of the referendum been in favour of the ‘remain’ campaign,” said Richards.
Tutor Perini Building Corp. has been awarded a $100M contract by The Cordish Companies for the Maryland Live! Casino expansion project in Hanover, Maryland.The scope of the work includes the construction of a new 17-storey Live! Hotel tower with 310 luxury guest rooms and an event centre next to Maryland Live! Casino at Arundel Mills.Tutor Perini’s top local executive, Peter Sukalo, said: “Tutor Perini Building Corp. has a long-standing working relationship with The Cordish Companies. “We are pleased to be building again for this owner and proud to be a part of the team expanding one of the country’s largest and most successful casinos.”Construction work is currently underway and substantial completion is expected in late-2017.
India-based MBL Infrastructures has secured a road project worth INR7.79bn ($115M) from National Highways Authority of India (NHAI).The company will deliver the project on a design-build-finance-operate-transfer basis. The scope of the project will include six laning of green-field proposed Udaipur bypass road in Rajasthan.During construction, 40% of the bid project cost amounting to INR3.11bn ($45.7M) will be financed by NHAI and the remaining 60% amounting to INR4.67bn ($68.7M) will be arranged by the concessionaire.The project is expected to be operational within 15 years, starting from the commercial operation date.
Leighton Asia’s subsidiary Leighton India Contractors has signed an AUD223M ($169.5M) contract to deliver phases two and three of a mixed-use development in Mumbai, India.The development, known as Maker Maxity, is located in the Bandra Kurla Complex, and its phases two and three will include the development of retail and hospitality facilities.The scope of the work includes structural and civil works, mechanical, electrical and plumbing services, lifts and escalators, façade, finishes and external works for the facilities.Leighton Asia’s managing director Manuel Alvarez Munoz said: "We are delighted to have secured our first major project with the Maker Group, one of India's most prestigious developers."Leighton Asia will bring its international experience, wealth of local knowledge and commitment to safety and quality to facilitate the timely completion of this major project."Work has commenced in June 2016, and is scheduled to be complete in mid‐2019.
The Cordish Companies has unveiled plans for a $200M expansion project at its Maryland Live! Casino property in Hanover, Maryland.The project, to be located next to Maryland Live! Casino at Arundel Mills, will include a 17-storey Live! Hotel tower with 310 luxury guest rooms. The development will add an additional 33,000sq m of space to the gaming facility and will also involve the construction of an event centre, meeting spaces, new dining options, and a day spa/salon.Tutor Perini Building Corp. will serve as the general contractor in the project.Cordish Global Gaming Group president Robert Norton said: "Maryland Live! Casino is the premier gaming, entertainment and retail destination serving the heart of the Baltimore/Washington population."The addition of our flagship Live! Hotel is just the latest investment we are making to ensure Maryland Live! continues to be the preferred choice for visitors seeking a world-class gaming and entertainment experience."Construction work is set to start in late 2016 with its completion slated for the fourth quarter of 2017. The project is expected to create about 400 new jobs and 550 construction jobs in the region.
SNC-Lavalin in joint venture with Aecon Group has secured two contracts from Ontario Power Generation (OPG) for nuclear services at the Darlington Nuclear Generating Station in Ontario, Canada.Under the first contract worth $265M, the JV will be responsible for the refurbishment of all four 935MW steam turbine generators at the station, along with the generators’ overhauls and moisture separator re-heaters, condenser repairs and implementation of new controls systems.Work has already started and is expected to be complete in 2025.According to the second contract, valued at $127M, the JV will provide engineering, procurement and construction (EPC) services for the Retube Waste Processing Building. The work, shared equally between the two companies, is anticipated to be completed in 2017.SNC-Lavalin’s chief nuclear officer and executive vice president of nuclear Preston Swafford said: “We are pleased to work closely with OPG to extend the life of one of Canada’s largest nuclear generating stations.“Our nuclear capabilities ensure that the Candu nuclear reactors will continue to provide safe, reliable, affordable and CO2-free energy to Ontario for up to another 30 years.”
A consortium of lenders led by Maybank is set to provide the first syndicated shariah-compliant construction financing worth $219M for the development of a luxury residential tower in Manhattan, New York.Maybank was selected as a joint lead arranger along with Warba Bank of Kuwait for the syndication, which includes lenders Intesa Sanpaolo of Italy and an affiliate of MSD Partners.The funding includes a $174M senior construction loan and a $45M mezzanine loan, which will be used for the construction of the Tribeca condominium tower, a 43-storey building to be developed by Soho Properties and located at 45 Park Place, Manhattan. Maybank group head of global banking Amirul Feisal Wan Zahir said: “This syndication is a milestone being the first shariah-compliant construction financing in New York City, and it reaffirms our ability to offer value-creating Islamic banking solutions for global clients.“As one of Asia's leading banking groups, we have been at the forefront in financing major infrastructure and property development projects across many countries.”Construction on the 665ft-tall glass and steel tower will start in mid-2016 and is set to be complete in 2018.
NHS Orkney has selected Robertson Capital Projects as the successful bidder for the construction of the new £60M plus hospital and healthcare facility at the Balfour Hospital in Kirkwall, Orkney Islands.Robertson Capital Projects will be responsible for the design, construction and maintenance of the purpose-built facility. According to NHS Orkney, the new facility will contribute to high-quality care, while improving the experience for patients, staff and visitors. All clinical and educational areas will feature videoconferencing facilities to support more patients benefitting from services being delivered in Orkney and to ensure that the hospital staff can connect with health specialists nationally and training opportunities. Robertson Capital Projects’ managing director Neil McCormick said: "We are delighted that Robertson has been selected to work with NHS Orkney under a 25-year partnership arrangement to deliver this significant investment. This is the start of a long term relationship."Over the coming months we will work together with all stakeholders to finalise the proposals for the design, construction, funding and maintenance of the project with a proposed start on site later this year."
Larsen & Toubro's construction unit has secured contracts worth INR24.16bn ($355.5M) across various business segments in June 2016.The building & factories business segment has won orders worth INR11.65bn ($171.4M) for a high-rise residential project from a Mumbai-based developer.The scope of work will include the civil and structural works for the construction of two residential towers, each having three basements, seven podiums, 66 floors and other ancillary buildings.The business has also secured a contract for the construction of a mixed-use development from a customer in Kolkata. The project will involve the civil and structural works for the construction of two towers of 15 and seven floors respectively, with two levels of common basement.The unit’s power transmission & distribution business has won orders worth INR11.2bn ($164.8M) in the domestic and international markets.The business has secured an engineering, procurement and construction (EPC) contract from a customer in the Middle East. The scope of the work will include the construction of a medium voltage overhead line, which will enhance the reliability of the existing network.On the domestic market, the unit has been awarded contracts from Paschimanchal Vidyut Vitaran Nigam Limited (PVVNL) in Uttar Pradesh. The first contract includes the construction of 33kV substations and associated lines in Ghaziabad, while the second contract involves rural electrification, including feeder separation works in Meerut.The smart world & communication business has won a contract valued at INR1.31bn ($19.2M) from RajCOMP Info Services for establishing and commissioning command & control centres at Bikaner, Bharatpur and Jodhpur cities under the Surveillance and Incident Response Project.
UAE-based Arabian Construction Company (ACC) has been awarded a contract to build Mashreq Bank new headquarters in Dubai.The 151m-tall tower will be built within a period of 28 months and will feature four basements, a ground level and 35 additional storeys.The L-shaped structure, with a square top crown by Skidmore, Owings & Merrill’s Chicago office, will cover a plot area of 4,868sq m and a total built-up area of 71,292sq m. Ghassan Merehbi, ACC’s chairman, said: “We are delighted to be working with one of the best-known banking industry names in the Middle East, and to be able to add Mashreq Bank headquarters to our portfolio of noteworthy projects across the UAE.”Mashreq will relocate from its current headquarters in Deira, where it has been operating since its establishment in 1967, to the new building as soon as it is completed. HE AbdulAziz Al Ghurair, Mashreq’s CEO, said: “The planned tower is testament to the growth we have witnessed over the last 50 years, which has in many ways mirrored that of both Dubai and the UAE.“In a short space of time, the country has established itself as an international gateway for trade and banking, and we’re confident in its ability to maintain its momentum, allowing us to continue investing in our business and talent across the country and wider region.”Construction work is expected to commence in December 2016, with its completion expected in April 2019.
Ontario Province has announced the construction of three new GO train stations as part of Metrolinx’s GO Regional Express Rail (RER) expansion project in Canada.The stations, along the Barrie GO Transit line, will be built in Vaugham, Newmarket and Simcoe County. GO RER’s project will improve transit service across Greater Toronto and Hamilton area and includes electrification of core segments of the network by 2024. Through the Moving Ontario Forward plan, Ontario is investing $31.5bn over 10 years for transit, transportation and other priority infrastructure projects across the province.Bruce McCuaig, Metrolinx’s president and CEO, said: “We are moving forward with the single-largest addition of new stations along the GO rail network since we started service nearly 50 years ago. “These new stations will bring improved transportation options closer to home to help everyone get where they need to go, faster and more efficiently.”
Legal & General Property (LGP) has entered into a partnership with Mitsubishi Estate London to build the £275M Hammersmith office scheme in London, UK.LGP has sold a 50% stake in the project, due to start next month, to Mitsubishi Estate London — forming the third partnership between both companies. The 23,000sq m building project has planning consent from Hammersmith & Fulham Council and will consist of a basement, ground and 11 upper-storeys, and an extensive public realm, including a new urban park and plaza.It will also include four shop or leisure units and an 110sq m work lobby café.Simon Wilkes, LGP's head of business space development, said: “245 Hammersmith Road will be much more than just an office building; we are creating a destination with modern working and lifestyle trends at the core of our thinking. "There is still a lack of Grade A development taking place which means we are set to benefit from rental growth. “We are already seeing high levels of interest from blue chip occupiers, who are particularly drawn to the design and location of the scheme, especially given the competitive nature of the rents compared to the West End."The scheme, designed by Sheppherd Robson, is expected to be complete by the first quarter of 2019.<iframe src="https://timetric.com/c/HHEXNFX/chart/" style="width:500px;height:350px;border:0;" frameborder="0" scrolling="no"></iframe>
Veidekke and its subsidiary Arcona have won a contract to build Vitartes’ St Erik's Eye Clinic in Stockholm, Sweden. The SEK1bn ($116.3M) contract will be executed on a turnkey basis, with its first part, valued at SEK320M ($37.2M), set to commence immediately.The facility will be connected to the new Karolinska Hospital, an area where a number of other development projects are being carried out. The new 42,000sq m clinic is expected to achieve the Sweden Green Building Council's Gold Standard certification.Arcona’s CEO Jeanette Saveros said: "We are proud to have been selected to undertake yet another major project with Vitartes. This strengthens our position as the leading builder of large projects with challenging external framework conditions."Here our collaborative model with involvement and VDC comes into its own where we combine and exploit the group's broad expertise."Planning and design work have already begun, and the new building is set to be complete at the 2019/2020 turn of the year.
The African Development Bank (AfDB) has approved $245M in loans and grants to the governments of Uganda and Rwanda to finance a transport project.In Uganda, the bank’s $151M loan will be used to support the construction of a 23.7km expressway, which will facilitate the journey between Kampala (Busega) and Mpigi on the Northern Corridor — a major trade route in the region.In Rwanda, the $94M bank loan will finance the rehabilitation of a 208km road in eastern Rwanda. The project also involves the construction of two cross-border markets at Kagitumba and Rusumo.Amadou Oumarou, AfDB’s Transport & ICT Department director, said: “The project will contribute to poverty reduction, improve the quality of life of people in the area by providing socio-economic facilities. “It will also contributes to agriculture development and food security; and facilitates industrialization through reduced transportation and logistics costs.”The overall cost of the project is estimated at $376.5M, and will be co-financed by AfDB ($244.6M), Japan International Cooperation Agency ($56.3M), European Union ($22.4M) and the governments of Uganda and Rwanda ($53.2M).
Broadbridge LA joint venture has secured a $164.5M loan from Jamestown to redevelop the 102,000sq m Broadway Trade Center in downtown Los Angeles, California.The loan will be used to support the eight-storey building’s extensive refurbishment, which is currently in progress. Plans will also include a food marketplace, bars and restaurants, retail space, a hotel, a rooftop park and flexible office space with large floorplates.Jamestown’s president Michael Phillips said: “The Broadway Corridor is poised to make a comeback as the urban heart of Los Angeles, and we’re pleased that we can assist as a lender on this transformative redevelopment project.“We are committed to investing our resources in projects that transform spaces into true destinations through innovative mixed-use components, and we’re confident in the future of the Broadway Trade Center and the surrounding neighbourhood.”
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