Gunvor Petroleum Rotterdam, a subsidiary of Gunvor Group, has received $200m of project financing for the development and infrastructural upgrade of its facilities.
North Lanarkshire Council has announced plans to invest £159m to build 1,000 council houses in the region, located near Glasgow, Scotland.
The government of Australia has unveiled plans for a new $100m high school in Adelaide.
Plans for the £500m Edinburgh Marina development at Granton, a district of the Scottish capital city, have secured the go-ahead from the City of Edinburgh Council’s development management committee.
Wind and solar energy firm Mainstream Renewable Power has secured contracts from the National Energy Commission of Chile to build and operate seven wind energy plants, worth a total of $1.65bn.
Construction of the Wheeling Town Center mixed-use development in Illinois is set to start by the end of the year.
Pharmaceutical firm Fresenius Kabi will invest nearly $250m over 10 years to expand its Melrose Park site in Illinois.
Mixed-use property regeneration specialist U+I has bagged a contract from landowner Parkdale Investments for a £95M mixed-use regeneration project in North East London.The project on the Forest Works site on Blackhorse Road will lead to the creation of 300 new homes, as well as 59,000sq m of commercial space.U+I CEO Matthew Weiner said: "We are delighted to have added this mixed-use regeneration opportunity to our significant development pipeline. Forest Works is set to deliver gains to U+I in the next three to five years in line with our stated IRR targets, as well as contributing to the socio-economic growth of the local area.“This latest transaction further demonstrates our ability to secure regeneration opportunities in an equity-light manner within emerging parts of the London City Region.”U+I will work alongside the local council and community to develop plans for Forest Works. An initial planning application is anticipated to be submitted by early 2017.The London Borough of Waltham Forest aims to deliver 2,500 new homes and 1,000 new jobs over the next decade within the new Blackhorse Lane housing zone.
Construction firm BAM has been awarded a €90M ($101.4M) contract by Dutch rail network operator ProRail to revamp the Driebergen-Zeist station area in the Netherlands. The project will involve the construction of an underpass under the tracks and the adjustment of the local road network. BAM will refurbish the rail infrastructure by building two additional tracks. It will also construct a new bus station and underground bicycle parking. The new bus station is targeted to be energy neutral by implementing energy-efficient systems and the installation of solar panels on the platform roofs.Construction work will begin in early 2017.
A joint venture of Hock Lian Seng Infrastructure and Sembcorp Design and Construction has secured a SGD1.107bn ($823.3M) contract for the second packages of works for a three-runway system at Changi Airport, Singapore.The scope of the contract will include pavement and drainage works, mechanical and electrical works, security fencing, perimeter roads, ancillary buildings, as well as other supporting works.CAG’s executive vice president Yam Kum Weng said: “The development of a three-runway system is an important part of Changi Airport’s expansion plans, which will take the Singapore air hub into its next phase of growth.“The project, which takes place amid ongoing airport operations, is complex and requires meticulous planning and excellent execution across different phases.“We look forward to partnering with the Hock Lian Seng and Sembcorp Design and Construction JV in this journey, as we work together to ensure the highest quality and standards in carrying out this project.”Changi Airport’s three-runway system is expected to be operational by early 2020.The first package of works was awarded to a Samsung C&T Corporation and Koh Brothers joint venture in October 2015.
British business and energy secretary Greg Clark has given development consent to an offshore wind farm project in the UK.The £6bn Hornsea Project Two, to be located at about 89km off the Yorkshire coast, is owned by Dong Energy and developed by Dong’s subsidary SMartWind.The wind farm — expected to be the world's largest when completed — will feature up to 300 wind turbines and will connect to the grid at North Killingholme in North Lincolnshire.It will have a generation capacity of up to 1.8GW of low carbon electricity, sufficient to power almost 1.8M UK households.Dong Energy UK country chairman Brent Cheshire said: "Development consent for Hornsea Project Two is very welcome. We have already invested £6bn in the UK, and Hornsea Project Two provides us with another exciting development opportunity in offshore wind.”“A project of this size will help in our efforts to continue reducing the cost of electricity from offshore wind and shows our commitment to investing in the UK.”The project will create up to 1,960 construction jobs along with 580 operational and maintenance jobs.Business and energy secretary Greg Clark said: “Britain is a global leader in offshore wind, and we’re determined to be one of the leading destinations for investment in renewable energy, which means jobs and economic growth right across the country.”
Toebe Construction has employed the use of nine Terex cranes to assist construction of a highway project in Michigan, USA.The Michigan Department of Transportation (MDTO) is carrying out a two-year, $77M project to reconstruct the Interstate 96 at the US Highway 23 interchange in Livingston County. After the construction of the new interstate section, the existing I-96 roadway will be turned into collector-distributor lanes for easier and safer lane changes.The project also requires the construction of new bridges over both highways. Josh Goldsworthy, Toebe Construction project manager, said: “We are constructing six new bridges first and then reconstructing seven existing bridges to repair damage and bring them up to current standards.”In order to construct the new I-96 eastbound and westbound interstate bridges and roadways, Toebe Construction in joint venture with Kamminga & Roodvoets are using nine Terex HC series lattice boom crawler cranes. Goldsworthy said: “They have the rugged design necessary to stand up to demanding jobs, and they offer high lift capacities for beam placement.“Plus, we are able to get them to the jobsite quickly and have them set up and ready for work in about a day.”Two crawler cranes, a 230t HC230 and a 275t HC275, assisted with the placement of 123t concrete bridge beams. For this, the cranes — each equipped with a 90ft main boom — performed a tandem lift.Three 165t HC165 crawler cranes were used to drive piles, freeing the HC275 for concrete beam placement and the 110t HC110 crawler cranes for various load lifting.
Balfour Beatty has won a $697M contract for the electrification of the Caltrain rail corridor in the USA.The electrification of the 84km-long line between San Francisco and San Jose will bring high-performance trains to Caltrain’s fleet — providing a more frequent service. Balfour Beatty Infrastructure will design and build a 25kv AC overhead catenary system to serve as the power source for the new high-speed trains. The project also includes the construction of two traction power substations, one switching substation and seven paralleling substations. As part of the electrifying works, signal systems and earth existing facilities will be replaced.Balfour Beatty Group chief executive Leo Quinn said: “Our extensive experience in managing complex rail projects leaves us well-qualified to deliver this significant scheme. Caltrain builds on the back of the recent successful delivery of our part in the multi-billion dollar Eagle P3 Commuter Rail network in Denver, Colorado.“We are pleased our unique capability has been recognised with this award which contributes to our strategy to increase our design-build rail market share across the US.”Construction work is due to start this autumn with completion scheduled for 2020. About 300 people will be employed — including 50 apprentice opportunities — during the construction peak.
Wheelabrator Technologies is set to begin construction work on a new £340M combined heat and power plant in Kent, UK.The new Wheelabrator Kemsley facility will help divert 550,000t of waste annually from Kent and the South East of England that would have otherwise been sent to landfill sites or exported to Europe for treatment.The facility, expected to be operational in 2019, will also generate steam for a neighbouring paper mill and produce 43MW of electricity at full capacity.Wheelabrator UK managing director Paul Green said: “To achieve financial close is a significant milestone and I’m very proud of our team for making this possible, and excited to welcome a second facility in the UK to our fleet.”Arup associate director and energy & waste buildings business leader Ben Glover said: “As an industry we are increasingly acknowledging how valuable waste is as a resource for generating energy, but also the treatment of waste through an energy-from-waste plant reduces greenhouse gas emissions.“Facilities like these are shining examples of how great engineering can produce both environmental and economic benefits.”Wheelabrator is set to commence construction work on the project this month after an agreement was reached with all parties on its plans. The project is expected to create around 40 full time jobs.CNIM Group will serve as the project’s principal contractor, Clugston Construction as the civil contractor, and Arup as the lead building designer.
Australian construction firm Brookfield Multiplex has completed construction work on a residential building in Southbank, Melbourne.The $124M project, named Platinum Tower, includes 438 apartments available in one-, two-, three- and four-bedroom options.The development, designed by Squillace, features a swimming pool, a sauna, a spa, a gym, private dining, winter gardens and a sky lounge with views of Melbourne CBD, Albert Park and Port Phillip Bay.The tower’s podium includes retail space, a ground level restaurant and café and concierge facilities for residents. It also provides nine levels of car parking.Brookfield Multiplex Victoria regional managing director Graham Cottam said: “We are delighted to deliver another premium residential tower to Melbourne’s skyline. We have drawn on our specialist expertise to meet construction challenges associated with delivering high-rise towers in the busy CBD environment.”The project created 1,900 jobs during construction and was completed in just under two years.
Colorado Department of Transportation (CDOT) has started construction on the C-470 Express Lanes project.The $276M project will increase mobility and user choice on a 20km stretch of C-470 between I-25 and Wadsworth Boulevard.The scope of the project will include the reconstruction of existing pavement, the addition of auxiliary lanes at selected locations, on- and off-ramp improvements, and the realignment of substandard curves.It will also include the widening of existing bridges, the replacement of bridges over the South Platte River and the installation of ITS elements and tolling equipment.Currently more than 100,000 motorists use the road link each day with volumes expected to increase 40% by 2035. CDOT executive director Shailen Bhatt said: “Today we celebrate the efforts of the C-470 Coalition and all the legislative advocates that came together to support a project that not only has an incredible regional economic impact, but will touch the daily lives of commuters and community members in this area.“We wish the project team smooth and speedy construction as they deliver this much-anticipated project to a rapidly developing region.”Work on the project is set to be complete in early 2019.
Medical University of South Carolina has broken ground on the $385M Shawn Jenkins Children’s Hospital and Pearl Tourville Women’s Pavilion in South Carolina.The 10-storey project will include paediatric procedural-surgical capacities, including rooms for bronchoscopy, endoscopy, surgery and interventional radiology.The development will include a dedicated floor for the care of children with cancer and a comprehensive paediatric heart centre.It will also feature two obstetrical operating rooms, a neonatal intensive care unit (NICU) with 82 private rooms, and an advanced fetal care centre.Medical University of South Carolina’s president David Cole said: “We awarded degrees to more students than ever before, and are on pace to bring in more than $250M in sponsored research funding.”The development is scheduled to open in 2019.
Tanzania’s government will invest at least $30bn on the construction of a gas processing plant in the Lindi area.The country’s minister for energy and minerals Prof Sospeter Muhongo said that the government is commencing on the project and that an economic revolution should be expected in years to come. “I would like to ensure Lindi residents and Tanzanians in general that our economy is going to grow at a high speed, we are going to invest at least $30bn in the construction of gas processing plant,” he said, speaking at the launch of the Nanenane exhibitions, taking place at the Ngongo grounds in the Lindi municipality.As part of the project, the government will have to build about 200km of gas pipes to transport the gas from the sea to the plant. Since the discovery of natural gas in the country the economy has experienced a huge growth with 70% of power generation now coming from gas.The development is set to take several years to complete, as a “large amount of money, highly skilled and experienced labour and good supervision” are needed, added Muhongo.The minister also commented on the proposed $1.9bn fertiliser factory to be also located in Lindi area. The plant is expected to produce 3,850t of fertiliser daily and provide employment to 5,000 Tanzanians.
Southeast Asia is in need of $2.1tr in infrastructure spending by 2030 to meet their growing population demands, according to a report by banking group HSBC.HSBC economist Joseph Incalcaterra stated in the report that the urban population in the region will rise by over 90M by 2030 and that the planned infrastructure spending would only cover $910bn.Incalcaterra said: “To fill the infrastructure gap, more non-government financing is necessary, both from private sources and institutions such as the Asian Development Bank and new Asian Infrastructure Investment Bank.”The six countries covered in the report are Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.According to the report, regional governments have to increase infrastructure spending. Low- to middle-income economies should spend at least 5% of gross domestic product (GDP) on infrastructure — only Vietnam has been meeting this target.Indonesia and the Philippines have been increasing infrastructure budgets, while Thailand and Singapore had promised increased infrastructure spending and Malaysia should attract more investment. Incalcaterra added: “Governments across the region thus need to be much more aggressive with increasing PPP programmes and instituting proper reforms to deepen capital markets. Only that will fill ASEAN’s gaping infrastructure pothole.”
Three consortia have been selected for the construction of a new metro tunnel and five new underground stations in Australia.The shortlisted bidders for the AU$6bn (£3.5bn) public-private partnership (PPP) include Continuum Victoria, Cross Yarra Partnership and Moving Melbourne Together.The PPP will be responsible for the construction and fit-out of the 9km metro tunnel and five new underground stations — to be located at Arden, Parkville, CBD North, CBD South and Domain.Daniel Andrews, premier of Victoria, said: “The best construction companies in the world are lining up to build the biggest public transport project in Australia — the Metro Tunnel.“Melbourne needs the Metro Tunnel and we’re not wasting a moment — major work starts next year. The Metro Tunnel will let us run trains so often that you don’t need a timetable — you just turn up and go.”At least six tunnel boring machines (TBMs) will be used during construction, with three giant shafts — up to 11 storeys deep — to be excavated at Franklin Street and A’Beckett Street near Melbourne Central station, and at City Square near Flinders Street Station.The consortia now have to submit a formal proposal by early next year. A contract is expected to be awarded by the end of 2017. According to the Minister for Public Transport Jacinta Allan, the project is expected to create 4,700 jobs.• Continuum Victoria comprises Acciona Infrastructure, Ferrovial Agroman, Honeywell, Downer EDI and Plenary Origination;• Cross Yarra Partnership comprises Lendlease Engineering, John Holland, Bouygues Construction and Capella Capital;• Moving Melbourne Together comprises Pacific Partnerships, CPB Constructors, Ghella, Salini Impregilo, Serco and Macquarie Capital.