US-based developer Edens has secured an approval from the Boston Redevelopment Authority Board to develop a $200M mixed-use project in Boston.The 6,500sq m development, located near to Edens’ South Bay Center in Boston’s Dorchester neighbourhood, will feature 1,050sq m of restaurants and shops, a 12-screen AMC Theatre with IMAX, a flagship Wahlburger’s, a 130-room hotel, and two parking garages. The developer will also collaborate with Mill Creek Residential to develop 475 multi-family units, which will be in a mix of studios and three-bedroom apartments.During construction, Edens also plans to revamp the 4,000sq m South Bay Center.<iframe src="https://timetric.com/c/UUWD56W/chart/" style="width:500px;height:350px;border:0;" frameborder="0" scrolling="no"></iframe>
Enel Green Power North America (EGPNA) has begun construction on the $220M Lindahl wind project in North Dakota, USA.Upon completion, the 150MW wind farm — owned by EGPNA’s subsidiary Lindahl Wind Project — will be able to generate about 625GWh annually, the equivalent to the energy consumption needs of more than 50,000 US households. It will also eliminate about 450,000t of CO2 emissions each year.The power generated from the Lindahl wind project will be sold under a bundled, long-term power purchase agreement to Basin Electric Power Cooperative. Rafael Gonzalez, head of North America area for Enel’s Global Renewable Energies Division, said: “Lindahl underlines the strength of Enel’s growth strategy in North America.“The new wind farm also marks the group’s entrance into a new state, North Dakota, further broadening our geographical footprint in the United States.”The wind farm is scheduled to be operational in 2017.
CIMIC Group subsidiaries Pacific Partnerships and CPB Contractors have been awarded the Canberra light rail stage one project by the Australian Capital Territory Government. The group is part of the Canberra Metro Consortium responsible for the project, and the scope of the work comprises the sponsorship, design, construction, operations, maintenance and equity investment of the Canberra metro.Stage one of the development includes the design and construction of a 12km light rail route from Gungahlin to the city with 13 stops, a depot, and road, signalling and preparatory works. It also involves the on-going operation and maintenance of the light rail system. The project will generate profits to CIMIC of approximately $300M over the design and construction period and $300M over the 20-year concession.CPB Contractors managing director Román Garrido said: “Stage one of Capital Metro will provide the backbone of an accessible and user-friendly public transport system and a new industry for Canberra.“The key to this project’s sustainable and successful delivery is the planned participation of local business. Creating local jobs and enhancing workforce capabilities will benefit future light rail stages and other regional infrastructure projects.”Construction work is expected to be complete in late 2018 and the metro is slated to be operational in early 2019.Canberra Metro comprises the CIMIC Group’s Pacific Partnerships and CPB Contractors, John Holland, Mitsubishi Corporation, Aberdeen Infrastructure Investments, DB Engineering & Consulting, CAF and Mitsubishi UFJ Financial Group Ltd (MUFG).
The 35m-deep foundation for a $300M mixed-use complex in Sri Lanka is nearing completion.Designed by Gensler and developed by ITC Limited subsidiary WelcomHotels Lanka Private Limited, the complex will include about 350 rooms on 25 floors in the first phase, over 130 luxury residences on 50 floors comprising master penthouses, penthouses, four-, three- and two-bedroom apartments, banqueting and cuisine experiences, as well as retail and serviced office spaces.The project, named ‘ITC One, Colombo 1’, will generate direct employment for around 800 people and indirect employment for another 400 people in its various components. WelcomHotels Lanka managing director Arun Pathak said: "The ITC One, Colombo 1 is a very exciting development, creating an international icon for Colombo, offering the best international quality in hospitality and residences."It truly represents the splendour of gracious living. It is set to be an employment-multiplier and will undoubtedly become a vibrant symbol of Sri Lanka’s resurgent economic growth."
Honda Motor Company has completed construction and inaugurated its new plant located at Rojana Industrial Park in Prachinburi, Thailand.The 214,000 sq m facility has been developed with an investment of THB17.15bn ($484.6M) and has a production capacity of 120,000 units annually. The new plant is equipped with Honda’s highly-efficient and environmentally-responsible production technologies — introduced at Honda’s Yorii Plant in Japan — and will serve to enhance the company’s capability to deliver quality products for customers in Thailand and across the world, says the manufacturer.Honda Motor president, CEO and representative director Takahiro Hachigo said: “Thailand has increased its presence as one of Honda’s production hubs by supplying products and components not only for the home market but also for the world including ASEAN nations, which drive our global sales growth. “I am committed to making certain that the role of Thailand will become even more valuable with the completion of this all-new Prachinburi factory with full advantage of Honda’s newest production technologies.”The plant currently has 1,400 employees.
Bharat Heavy Electricals Limited (BHEL) has secured an INR16bn ($239.3M) contract for the construction of a coal-based thermal power project in Odisha, India. Under the contract, BHEL will be responsible for the design, engineering, manufacture, supply, construction, erection, testing and commissioning of the 1x250MW coal-based thermal unit at Rourkela Power Project on an Engineering, Procurement and Construction (EPC) basis.BHEL’s Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi, Thirumayam and Bengaluru plants will manufacture key equipment for the project, and the power sector division of the company will be responsible for civil works and erection or commissioning of the equipment.
Plenary Roads Winnipeg has been selected as the preferred bidder to construct the Southwest Rapid Transitway (Stage 2) & Pembina Highway Underpass project in Canada.Estimated to cost $587.3M, the project is a public-private partnership with a design-build-finance-operate-maintain model — the private partner will design, construct, finance, operate and maintain the project.The project comprises significant infrastructure components in the southwest quadrant of the city including: the completion of Stage 2 of the Southwest Transitway; the addition of active transportation infrastructure; the renewal and expansion of the Pembina Underpass; and connections to the University of Manitoba and Investors Group Field.A request for proposals (RFP) was also issued seeking proposals to undertake a functional study to determine the most effective route for a rapid transit line from downtown Winnipeg to eastern Winnipeg. The move represents the initial step toward implementing the next rapid transit corridor.Construction work is expected to commence in mid-2016, with completion scheduled for 2019. Transit operations on the new transitway are anticipated to start in April 2020.
The European Investment Bank (EIB) has agreed to provide a £700M loan for the £4.2bn Thames Tideway Tunnel in London.The project, dubbed the ‘super sewer’, will help tackle overflows of untreated sewage into the river through the centre of the British capital.The 35-year long-term loan has been agreed with Tideway, the new regulated company established to design, build, commission and maintain the 25km tunnel, which will directly control or intercept discharges from more than 30 combined sewer overflow points stretching from Acton in the west to Stratford in the east.EIB’s vice president Jonathan Taylor said: “The new GBP700M loan for Tideway represents the European Investment Bank’s largest-ever water loan and the most significant support for UK infrastructure since Crossrail.“This demonstrates the EIB’s strong commitment as the largest source of financing for long-term investment in UK water infrastructure since before privatisation and builds on more than £2bn of support for investment to improve London’s water and waste water infrastructure since 1989.“We are pleased to support the construction of the Thames Tideway Tunnel, a world-class engineering scheme, delivering infrastructure vital to clean up the Thames.”
The 402MW Dudgeon Offshore Wind Project has secured £1.3bn of project financing.The wind farm, located 32km from the coast of North Norfolk, UK, is being developed by Statoil (35%), Abu Dhabi-based Masdar (35%), and Statkraft (30%). Allen & Overy, a UK-based law firm, is advising the Mandated Lead Arrangers on the long-term financing, which will fund the capital requirements of the wind farm.Statkraft and Statoil are also participating in the financing through sponsor co-lending, Statkraft will finance its 30% share in the project, while Statoil will finance a share of 17.5%.Chris Andrew, lead Allen & Overy partner on the deal said: “This is a landmark transaction as it’s the first UK offshore wind project to obtain financing under the UK government’s new ‘Contract for Difference’ regime.“Detailed preparatory work meant financing on this project was nevertheless executed very quickly.”
The University of Maryland has unveiled plans to redevelop several existing businesses into a mixed-use development.The $110M project will feature 300 luxury apartments and will also serve and enhance the amenities available to a community of more than 50,000 students and university staff.It involves collaboration between Bozzuto, Willard Retail, and the University of Maryland College Park Foundation, the entity that will acquire the property in early 2017. Bozzuto president and CEO Toby Bozzuto said: "We are grateful to have been selected to develop this wonderful project with the University of Maryland College Park Foundation, the University of Maryland, the City of College Park, Prince George's County, and Willard Retail."The combination of our previous experience developing Monroe Street Market with Catholic University and the strength of our partners will create a community to complement the university's ongoing redevelopment efforts in downtown College Park. This is a rare opportunity to develop a project with transformative potential and we are proud of our stake in this extraordinary collaboration."
Mass Rapid Transit Corporation (MRT Corp) has awarded four work package contracts worth MYR4.2bn (about $1bn) for the construction of the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line in Malaysia. The contracts include two viaduct and two systems work packages.MRT Corp has awarded the MYR1.62bn ($401.6M) Systems Work Package SY203 to HAP Consortium for the engineering, procurement, construction, testing and commissioning of electric trains and depot equipment for the SSP Line. A consortium of Bombardier (Malaysia) Sdn Bhd and Global Rail Sdn Bhd has won the second systems work package, Package SY201, valued at MYR458.02M ($113.5M) and covering the engineering, procurement, construction, testing and commissioning of the signalling and train control system for the SSP Line. IJM Construction has secured Work Package V203 worth MYR1.47bn ($364.4M) for the construction of the 4.6km viaduct guideway and other associated works from Jinjang to Jalan Ipoh North Portal.Malaysian Resources Corporation has won Work Package V210 valued at MYR648M ($160.6M) for the construction and completion of the 2.6km viaduct guideway and other associated works from Persiaran APEC, Cyberjaya to Putrajaya Sentral.
The European Bank for Reconstruction and Development (EBRD) has agreed to provide $250M for infrastructure projects in Egypt.EBRD has signed two memorandums of understanding (MoU) with Egypt’s Ministry of International Cooperation (MOIC) aimed at improving services in the transport and water sectors.Under the first MoU, EBRD will support the refurbishment of the Heliopolis tram link between the Ramsis and Almaza areas in Cairo. The entire cost of the project is estimated to be $500M.The second MoU is the bank’s first formal engagement in developing a water irrigation system — part of a programme developed by the Ministry of Water Resources and Irrigation (MWRI) of Egypt for the modernisation of the irrigation system to increase efficiency and quality of services.
A consortium led by Ferrovial Agroman has been awarded a contract by Iberdrola to construct the Daivoes dam and hydroelectric plant on the Támega River in northern Portugal.Estimated to cost more than €90M, the project will include the construction of a concrete arch-gravity dam 77.5m high and 264m long, together with a power plant housing two turbines with a total installed capacity of 118MW.Under the contract, Ferrovial will also construct a 388m tunnel to divert the river, and a weir 71m long and 10.5m high, located 2.2km downstream of the dam.Work on the project is set to be complete in around 56 months.Daivoes is the first of four main contracts to be awarded by Iberdrola as part of the Támega river hydroelectric project and is the second to be delivered by Ferrovial Agroman for the utility in Portugal.
UK-based Springfield Properties has received planning approval from Perth and Kinross Council for a 3,000-home community .The £1bn project, named Bertha Park and located in Perth, covers an area of 333ha. Bertha’s first phase, likely to commence in 2017, will be assessed by a committee next month and will include 1,100 new private, affordable and retirement homes. Springfield managing director Innes Smith said: “We are delighted with today’s decision. This is a big step forward in a 30-year project and the result of five years of planning and design in partnerships with Perth and Kinross Council. “We have set our sights on delivering an exceptional place for people to love and work and we are excited to be bringing Springfield’s award winning homes to Perth. We are on track to start building in 2017, initially creating around 450 new jobs and supporting many more.”The development is expected to create more than 2,000 new jobs in the region.
Bryn Mawr Hospital has broken ground on the $200M patient pavilion in Bryn Mawr, Pennsylvania.The project will include an 18,500 sq m patient pavilion, two new medical/surgical telemetry units, a new intensive care unit, 12 new operating rooms, and renovated maternity and delivery rooms. The building will be erected in the centre of the campus, taking the place of the Clothier Building and Medical Office Building South. Bryn Mawr Hospital president Andrea Gilbert said: “The campus master plan and modernisation project builds upon Bryn Mawr Hospital's long-standing history of providing exceptional, leading-edge health care in our community.“This investment is evidence of Main Line Health and Bryn Mawr Hospital's continuing promise to deliver personalized, advanced care in a comfortable, contemporary setting.“A treasured community teaching hospital for more than a century, the next iteration of Bryn Mawr Hospital envisions a physical space that matches the patient-centered, quality-driven care that remains core to our mission.”
UK-China joint venture FairBriar International has commenced work on the first phase of its £700M Middlewood Locks development near Manchester city centre.The new mixed-use development will include about 2,000 new homes and over 70,000 sq m of commercial development space, involving offices, a hotel, shops, restaurants, a convenience store and a gym. The first phase of the project, expected to be complete in 2018, will include the construction of 571 homes and associated commercial space, convenience shops, restaurants and a new public realm in the form of canal side footpaths and cycle ways that will be connected to the city centre. Designed by WCEC Group, the project is located around three large basins of the Manchester, Bolton and Bury Canal in Salford and is expected to create over 7,000 jobs in the local region.Scarborough development director Lee Savage said: "We are thrilled to be starting on site at last. It marks the culmination of many months of intensive preparation and allows the local communities to see for themselves some real progress."The whole team will be concentrating on delivering a development of which Salford and Greater Manchester can be truly proud.”
The UK government has given the go ahead for the upgrade of the A14 between Cambridge and Huntingdon.Estimated to cost up to £1.5bn, the 21-mile project will include a new bypass of Huntingdon between Swavesey and Brampton, the widening of sections of the A1 and A14 roads, and improvements to a number of junctions.The development will also involve improvements in Huntingdon Town Centre to include a new local access road.Highways England director for complex infrastructure Chris Taylor said: “The scheme will provide much needed additional capacity to improve journey times and safety.“We are keen to keep the momentum going and will get preparations for construction underway as soon as possible after the end of the six week statutory challenge period.”Construction work is set to commence in late 2016 with the new bypass and widened A14 opening to traffic in 2020.
Real estate developer British Land has revealed details of a £300M project to expand Meadowhall shopping centre in Sheffield, UK.The 30,000 sq m proposed Leisure Hall will include a wide range of dining and entertainment options, with new restaurants, a new café court, a gym, and other leisure spaces.The new hall and existing centre are set to create a new multi-levelled, landscaped mall with internal and external spaces for promotional and community uses. It has also been designed to accommodate large outdoor events including live music.British Land’s head of retail and leisure Charles Maudsley said: “We are continuing to drive Meadowhall’s evolution to ensure it remains an outstanding place for modern consumer lifestyles. “This significant step change in the scheme’s leisure provision will contribute to Sheffield’s continuation as a driving force behind the Northern Powerhouse. This is a very exciting time and we look forward to working with Sheffield City Council to help ensure Sheffield’s future success.”British Land, the co-owner of Meadowhall, is starting a public consultation on the expansion proposals. If the proposals are approved, construction work will commence in 2018. The hall is expected to open to visitors in late 2020 or early 2021, creating more than 1,000 jobs in the region.
Construction experts remain optimistic in the strength of the industry, according to a new report, despite the first quarter of 2016 being marked by a decline in confidence levels.Timetric’s Construction Confidence Report concluded that the industry’s current confidence levels have declined from 61.5 points in Q4 2015 to 61.2 points in Q1 2016, following a downward trend that started in 2014.Even though this is the fifth successive quarter of decline, the score remains above the 50-point mark which indicates a positive outlook regarding growth prospects — and the industry is optimistic regarding growth expectations for the next six months.Danny Richards, leading economist at Timetric’s Construction Intelligence Center (CIC), recognises the positive findings, but states that the decline has had an impact in construction companies. “Although still optimistic over the potential for growth, the decline in the Current Confidence Index suggests that the level of optimism is weakening, and that it is becoming more challenging to win contracts,” he said.<iframe src="https://timetric.com/c/MBEPE5U/chart/" style="width:500px;height:350px;border:0;" frameborder="0" scrolling="no"></iframe>
Otis China has announced the construction of a new 270m-high elevator test tower as part of a new global R&D facility in Shanghai.Anticipated to be the world’s tallest above-ground test tower, it has been designed to be flexible and easily adaptable to the testing of new components and systems as they evolve.The project will support the development of new technologies for use in elevators for different market segments in order to deliver high efficiency, small footprints, industry-leading safety, comfort and convenience for passengers, says Otis.Otis’ president Philippe Delpech said: “Building our new test tower and R&D Center in Shanghai underscores our continuous commitment to satisfy customers in China and around the world.“As the industry leader that introduced safe elevator technology, this is a strong example of how we are investing to accelerate innovation and technology development for our next generation elevators and service.”The new facilities, part of a network of research facilities and test towers set to spread across four continents, are expected to be operational by the end of 2018.Otis has supplied lifts for iconic high buildings around the world, including the 828m Burj Khalifa in Dubai, the world’s tallest building; the 599m Ping’An Financial Center in Shenzhen, one of the highest buildings in China when completed this year; the 555m Lotte World Tower in Seoul, the tallest in South Korea; the 553m CN Tower in Toronto, the highest in North America; and the 324m Eiffel Tower, Paris’ iconic symbol.