Saipem and consortium partners Bos Shelf and Star Gulf have secured the $1.3bn contract for Stage 2 of the Shah Deniz natural gas project in Azerbaijan. The Shah Deniz field is located 90km offshore Azerbaijan, in water depths from 75-550m.The five-year scope of work will include the transport and installation of subsea production systems and subsea structures, and the installation of fibre optic cables and production umbilicals.It will also involve the installation of 90km of pipelines, the activation, crewing and operations management of the new-build subsea construction vessel (SCV) Khankendi.Saipem’s CEO Stefano Cao said: “We are delighted to have secured this major award, which enables us to continue and consolidate our 20-year relationship with BP and Socar in Azerbaijan and to put our world-class people and technologies at their disposal for the timely and efficient delivery of Shah Deniz Stage 2. “This award also further strengthens Saipem’s key role in the construction of the Southern Gas Corridor where the company has a total of four contracts, in the upstream segment and in gas transportation infrastructure both onshore and offshore.”
Scottish Water has commenced construction of phase one of a £120m project to upgrade the drinking water network in Ayrshire and parts of East Renfrewshire in Scotland. The water main’s route begins at Waulkmill Glen reservoir near Newton Mearns in the north and goes south via Drumboy Hill to Amlaird Water Treatment Works near Fenwick, with branches to the South Moorhouse and Corsehouse water treatment works.Preparatory works on the 13-mile long strategic water main have been carried out and the firm has now started work to install the pipes.Stewart Davis, Scottish Water programme manager, said: “This is a major piece of work on the first phase of Scottish Water’s overall investment in improvements to connect the system in Ayrshire with the Greater Glasgow area’s network.“We have worked closely with many different stakeholders, including landowners and statutory bodies, and we would like to thank them for their help and co-operation which has enabled us to complete the preparatory work and now move on to the construction phase.“This involves installing a new water main from Waulkmill Glen reservoir to the Fenwick Waterside area, which we estimate will be completed this autumn.”
Dublin City University (DCU) has unveiled a €230m capital development plan to transform the multi-campus university. The five-year development will improve the university’s capacity in research and innovation. The construction of a new student centre, new sports facilities, additional on-campus accommodation and 21st century digital teaching spaces are also part of the transformation.€54m of funding provided by Ireland Strategic Investment Fund will be used to improve facilities on the All Hallows Campus and the construction of student accommodation.It will also facilitate the construction of two new floors on the F Building on the St Patrick’s College campus.On the Glasnevin campus, the finance will allow a buy-back of existing campus residences and construction of an additional on-campus student housing project.
A new report from Timetric’s Construction Intelligence Center has identified four national markets as key growth regions for the construction industry to 2020.
The Salt Lake City International Airport in Utah is planning to construct a $740m concourse north of the existing terminal. The new concourse is expected to accommodate forecasted growth in passenger traffic and replace aging facilities.The project is in addition to the South Concourse, which is just starting construction as part of the Salt Lake City Department of Airport’s (SLCDA) Terminal Redevelopment Program (TRP).The new facility will increase the TRP from $1.8bn to $2.6bn and will replace existing gates on Concourses B, C and D, which have deficiencies that would require costly renovations if retained.The plans are on to include a flexible gate layout to serve a mix of aircraft sizes, even though the concourse will primarily be used for narrow-body and small, wide-body aircraft.The north concourse layout will allow an additional 15 gates to be added to the east for a total of 45 gates. Further, a passenger tunnel will be built to connect the North Concourse to the South Concourse and the new terminal.Phase one of the construction work will commence on the west portion of the building and is set to be finished in 2020, in conjunction with the opening of the South Concourse-West and the new terminal.
US-based chemical company Chemours is set to build a new $230m facility in Ingleside, Texas. The new move is part of the company’s five-point transformation plan to invest in large-scale manufacturing to expand supply of its Opteon family of products.Set to be built over three years, the new facility will be located at the Chemours Corpus Christi site and it is expected to triple the production capacity of Opteon products.The new plant will use an innovative, patented process to produce Opteon YF (HFO - 1234yf), which is used in automotive air conditioning and in Opteon refrigerant blends for a range of applications.Chemours’ president and CEO Mark Vergnano said: “Opteon products were developed in response to increasingly stringent environmental regulations, and in many cases they perform better than the products they replace.“This is another step in our transformation plan, and is a shining example of how Chemours is investing in innovative growth opportunities as we become a higher value chemistry company, delivering essential solutions that improve the quality of life.”The site is expected to be operational in the third quarter of 2018.
Texas A&M University System chancellor John Sharp has unveiled plans for a new $150m research and development (R&D) campus. The new project will be located at the Riverside Campus, in the former Bryan Air Base, a World War II facility that Texas A&M University acquired in 1962. The 2,000-acre tract will be named the Rellis Campus.The $150m investment includes $25m to demolish 32 old buildings, rebuild roads and update utilities. The base's chapel and two hangars will be renovated in recognition of the site's role of training pilots for the World War II.Construction of the first building is likely to begin in September 2016 and the $25m in upgrades is expected to be completed by the end of 2017.
Mercedes-Benz Manufacturing Hungary is set to expand its activities in Hungary by investing HUF185bn (€594m) in its Kecskemét factory.The investment includes the construction of a new HUF80bn (about €265m) bodywork plant.The project will also include the development and expansion of the company's existing capacities, with the 99,000 sq m facility due to be fitted with the latest technology.Hungary Foreign Affairs and Trade Minister Péter Szijjártó pointed out that this is the largest investment in Hungary to be announced within the past 18 months.Szijjártó added: "Hungary and every Hungarian can be rightfully proud of the fact that one of the world's largest and most innovative automotive industry companies has manufactured more than half a million cars in Kecskemét during the past four years."Construction is already underway and is projected to be completed by 2018.Kecskemét Fidesz mayor Klaudia Pataki Szemereyné said: "The new investment is a message that Mercedes, which in addition to its 4,000 direct employees also provides a living for a further 10,000 people, is also proud of Kecskemét and is not only one of the city's largest employers but is also a partner, ally and friend to the city."
Israel-based construction firm Shikun & Binui has completed the fundraising for the planning, construction and maintenance of a proposed express lane in the Houston Metropolitan area in Texas. Financial closing for most of the $1bn project and the initial drawing of funds is likely to take place during the next several weeks, subject to the fulfilment of a number of customary terms set out in the financing agreements, including the receipt of the final approval of the project's bond offerings from the Texas legislature.The project’s concessionaire, known as the Blueridge Transportation Group, has committed to build, finance, maintain and operate the portion of the road defined in the contract for 52 years, including the construction period In return, the concessionaire will be given the right to collect tolls from users of the Express Lane.Shikun & Binui’s chairman Moshe Lahmani said: "The completion of this project's financial closing is another key step in our 'go international' strategy, whose goal is to diversify and expand the geographic scope of our operations, and enter the American market."The US is a sophisticated, competitive market, and the choice of Shikun & Binui confirms the excellence of our capabilities and the high level of professional and know-how that we bring to complex infrastructure projects. We intend to further deepen our activities throughout the Americas in general, including the US, Colombia and other Latin American countries."Work on the project is expected to last for three years.
Construction work is set to commence shortly on the £100m Shieldhall Tunnel project in Glasgow. The Costain-Vinci Construction Grands Projets Joint Venture project is a key part of Scottish Water's £250m five-year programme of work that began in 2013 with the aim to improve river water quality and the natural environment and tackle flooding in the Greater Glasgow area.The tunnel, between Craigton and Queen's Park, will follow a 3.1-mile long route. The front sections of the 1,000t TBM, to be used in the construction, have already arrived in Glasgow from Germany and its remaining parts will be delivered and assembled in the next few weeks. The complete TBM will measure 180m in length.Construction of the trench is already underway and is scheduled to be completed by the end of May 2016. The Shieldhall Tunnel is projected to take more than a year to complete.
Braeburn Estates, a joint venture between Canary Wharf Group and Qatari Diar Real Estate Investment Company, has broken ground on the £1bn Southbank Place mixed-use development at London's Shell Centre tower site.The Shell Tower will anchor the development that will feature five residential buildings and two buildings for business use.Canary Wharf Group said that 80% of the apartments, equating to 800 units, in five buildings are already sold. The two business buildings will total up to 530,000sq ft. Southbank Place will also house 48,000sq ft of retail outlets, restaurants and cafés.The project is expected to create over 13,000 construction and supply chain jobs in total and when completed, Southbank Place is expected to employ over 6,000 workers.Canary Wharf Group CEO Sir George Iacobescu said: "This is an area that has long been neglected, but will offer the best of all worlds, from the bustling culture of the South Bank to some spectacular views of the most recognised landmarks in the Capital, the Houses of Parliament and Big Ben."Southbank Place is also playing a major role in the development of the local community by creating new jobs, providing affordable housing and stimulating the growth of local businesses through our South London Procurement Network initiative."Construction work is slated to be complete by 2019.
Construction has started on phase one of the £107m Warrington Time Square regeneration project that will transform the centre of the UK town into a contemporary marketplace. The development will house a Cineworld Cinema, a new 42,000sq ft market hall, restaurants, retail units, new council offices, a 1,100-space multi-storey car park and a new public square. The new 25,000sq ft retail shell will temporarily house the town's market while the £10m market hall is built.During the construction phase, about 400 workers will be employed and when completed, Warrington's Time Square regeneration project will create 400 new permanent jobs in the leisure, retail and hospitality sectors.Steve Green, director for the North West region at Gleeds, which is providing cost management services to the project, said: "We are really excited to see work begin on the Time Square development and believe the project is pivotal in regenerating and revitalising Warrington town centre."Not only will Time Square create hundreds of jobs for the community and help boost the local economy, it also will help attract inward investment to the region."The project, undertaken by Muse Developments and Warrington & Co. on behalf of Warrington Borough Council, is expected to be completed in 2019.
A joint venture between Italian infrastructure group Salini Impregilo and Australia's NRW Pty Ltd. has secured a contract worth AUD1.176bn ($898m) from the Public Transport Authority of Western Australia to design, build and maintain the Forrestfield-Airport Link in Perth, Australia.The underground passenger rail line project will connect the eastern suburbs of the city with an existing suburban rail network as well as the airport. It will measure 8.5km in length, of which 8km will be underground.The JV will bore twin tunnels for the entire length of the line and build three stations. Parking spaces and new and expanded bus feeder services will also be built. The rail line will be tunnelled underground from a junction near Bayswater Station, under the Swan River and the airport.Western Australia’s premier Colin Barnett said: "This is a huge milestone on the path to delivering this project, which will change the face of Perth's eastern corridor and give people direct access to the airport by public transport."Early work worth AUD370m ($281m) comprising geotechnical work, contract management and land purchases is already underway. Work at the site is scheduled to begin shortly, and the line is expected to open in 2020.
UK-based property developer Nikal has received planning approval to build a £100m 603-unit residential project in Birmingham, UK. The development, known as Exchange Square, will be located between Birmingham's central business district and Eastside City Park, close to the proposed HS2 railway terminal in Birmingham City Centre.Designed by Stephenson Studio, the development will feature a range of one- and two-bedroom units alongside a small number of studios, and will be built across three blocks of 27, 16 and nine levels.It will also include 27,500sq ft of ground floor retail and leisure space; 186 car parking slots; a 5,000sq ft members' club-style hub and a landscaped rooftop garden covering over 20,000sq ft.Nikal’s managing director Nick Payne said: "Exchange Square is a development of both regional and national importance due to its location within a major area of investment and regeneration right next door to the proposed HS2 terminal."Now that planning consent has been secured we are in a position to bring forward the first phase of what we are sure will be an exemplar scheme for Birmingham's residential market."Construction work is expected to begin in mid-2016, with completion of the first block scheduled in 2018 and the final block before the end of 2019.
Royal Bam Group subsidiary Wayss & Freytag Ingenieurbau has secured a contract for the construction of a €220m subway tunnel in Frankfurt. The 2km double-track tunnel will be built in the city centre, in the new Gateway Gardens district.The cut and cover tunnel will be about 11m wide and 6m high. Wayss & Freytag Ingenieurbau will move approximately 900,000 sq m of land and will process 180,000 sq m of concrete.Gateway Gardens is a new development situated close to Frankfurt Airport and houses offices, service areas, hotels, conference and exhibition spaces,, and restaurant and retail facilities.The Gateway Gardens Tunnel is expected to be operational at the end of 2019.
European Investment Bank (EIB) has approved a loan worth £280m to the University College of London (UCL) for the development of its Bloomsbury and UCL East campuses.UCL is investing £1.25bn over 10 years to implement its Transforming UCL programme, which includes the development of two campuses as well as other projects across London.The 30-year loan follows the investment of £25m in January in the new UCL Technology Fund by the European Investment Fund, part of the EIB group.The project in Bloomsbury is worth about £740m and will include the refurbishment and expansion of Bartlett School of Architecture, which will house nearly 1,000 staff and students. Construction of a new student centre is also set to start this year.The loan will also finance the construction of UCL East university's new campus at the Queen Elizabeth Olympic Park in east London.UCL East’s first phase is due to be finished during the 2019/20 academic year.EIB’s vice president Jonathan Taylor said: "This new £280m 30-year loan represents the largest ever EIB backing for investment at a European University, and reflects the EIB's commitment to strengthen the local and global role of leading universities."
Britain’s Network Rail has assigned two separate contracts worth £90m for the final stage of the Reading and Paddington signalling system, and for the signalling power works between Paddington and Hayes & Harlington.
The Land Transport Authority (LTA) of Singapore has awarded two civil contracts worth about SGD334m ($248.8m) for the construction of Amber and Bedok South stations in Singapore. Woh Hup Limited has secured a SGD146m ($108.7m) contract for the construction of Amber station, while the Bedok South Station and associated tunnels were awarded to China Jingye Engineering Corporation Limited in a contract worth SGD188m ($140m).Bedok South station will serve as the sixth Civil Defence shelter along the East Coast stretch of Thomson-East Coast Line (TEL).The 13km-long East Coast stretch of the 43km-long TEL will connect commuters living in the eastern parts of Singapore who are not directly served by the rail network, such as those in Tanjong Rhu, Siglap, Marine Parade, Upper East Coast and Bedok South.The East Coast stretch will have nine stations, including a station that interchanges with the Downtown Line at Sungei Bedok.The project will be completed in two stages, with the first seven stations, from Tanjong Rhu to Bayshore, expected to be ready in 2023 and the remaining two due to be completed in 2024.
North Point Global has begun construction work on a £200m project to transform Liverpool’s Chinatown. Designed by BLOK Architecture, the project to revamp Europe’s oldest Chinese community will include the creation of 850 new homes, 150,000 sq ft of new commercial and retail space, and a new hotel.The commercial and retail space will house China-based businesses, and a significant number of units have already been bought by Chinese businesses seeking a foothold in the UK.North Point global chairman David Choules said: "From the outset we wanted this scheme to be an authentic Chinese development that brought new commercial energy and entrepreneurialism into the heart of an historic Chinatown."This is not only something unique in the UK, it will be something unique outside China itself."Phase 1 of the Chinatown’s transformation will be built by BILT Group and Scottish Power and is expected to be complete before the end of 2017, while the entire project is slated to be complete in 2019.
UAE-based real estate developer Sobha Group and the government of Umm Al Quwain have signed an equal stake joint venture to develop an AED25bn ($6.8bn) tourism resort on Al Sinniyah Island.The project, called Firdous Sobha, will feature a luxury seafront villa community, hotels and resorts, apartments, boutique shops, an 18-hole golf course, a water sports centre and a wellness spa.Located on Al Seniyah Island, along with Khor al-Beidah, the development will cover a total land area of 53m sq ft.Sobha’s Group founder and chairman PNC Menon said: "Our latest project announcement represents our commitment to the UAE."In line with our aim to fully leverage the opportunities present in this highly dynamic market, we have partnered with Umm Al Quwain Government, and are jointly to transform the island into a world class destination and a hot spot for iconic properties."By combining our capabilities and expertise, we are confident ‘Firdous Sobha’ will be a proud testament to our commitment to quality."