Goodman Group has commenced the second stage of development of the $1.5bn Goodman Business Park in Chiba Newtown, Japan.
Bangladesh-China Power Company (BCPCL) has signed a $1.56bn EPC contract with a Chinese consortium for a 1,320MW coal-fired power plant in Bangladesh.BCPCL is an equal stake joint venture between North-West Power Generation Company of Bangladesh and China National Machinery Import and Export Corporation. The Chinese consortium includes First Northeast Electric Power Engineering Company (NEPC) of China and China National Energy Engineering and Construction Company (CECC).The plant will be located on a 397-hectare site at Payra in Patuakhali district, about 204km south of Dhaka, near Payra maritime port.It will have two units of 660MW capacity each. The first unit is expected to supply electricity by April 2019, while the second one will start generation six months later.The project is a part of Bangladeshi government's plan to construct a series of coal-fired power projects to produce 20,000MW electricity by 2030. The EPC contractor is slated to arrange the project fund from the Chinese banking system as credit.
China Power Engineering Consulting Co. (CPECC), a subsidiary of Energy China, has started construction on the 1,200MW Hai Duong Thermal Power Plant in Vietnam.The project will involve an investment of around $1.87bn. CPECC holds 70% stake in the project, while Jaks Resources Berhad has the remaining 30% stake.It is located in Hai Duong Province, 60km away from Vietnam’s capital city Hanoi. The construction of the power plant includes two 600MW subcritical generating units and four circulating fluid bed boilers. The thermal power plant is being constructed in a build-operate-transfer (BOT) model, with a construction period of 54 months. The concession period of the BOT contract is 25 years.Within the concession period, profits from selling electricity will be divided among the shareholders in proportion to the number of shares owned. At the end of the concession period, the plant will be transferred to Vietnam’s Ministry of Industry and Trade.
Mass Rapid Transit Corporation (MRT Corp) has awarded the first viaduct work package for the construction of the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line in Malaysia.The contract worth MYR1.44bn ($360.9m) for Work Package V202 was awarded to Ahmad Zaki, a unit of Ahmad Zaki Resources Berhad. Work Package V202 was reserved for Bumiputera contractors. The SSP Line is 52.2km in length, of which 13.5km will run underground. It will have 37 stations, 11 of them underground. In total there are 66 work packages being tendered for the construction of the SSP Line, including 10 viaduct guideway packages.The scope of the contract will include the construction and completion of the viaduct guideway and other associated works for a 4.5km stretch of the SSP Line elevated guideway from Persiaran Dagang to Jinjang, Kuala Lumpur.Currently Ahmad Zaki is a work package contractor for the MRT Sungai Buloh-Kajang (SBK) Line for Work Package V6, and therefore was pre-qualified to tender for viaduct work packages for the SSP Line.MRT Corp CEO Dato’ Sri Shahril Mokhtar said: “With this award, construction of the SSP Line is truly on the way.“The Bumiputera participation target set by the government was increased to 45% of the total value of all work packages for the SSP Line, up from 43% for the SBK Line. I believe we have started off on a good footing by awarding first to a Bumiputera contractor.”
Taiwan Semiconductor Manufacturing (TSMC) has signed an agreement with the municipal government of Nanjing, China to invest $3bn in building an advanced silicon wafer plant in Nanjing.The new facility in Nanjing’s Pukou Economic Development Zone will have a capacity to manufacture 20,000 12-inch semiconductors, or wafers, per month. The investment would also support the construction of a design service centre.TSMC chairman Morris Chang said: “With our 12-inch fab and our design service center in Nanjing, we aim to provide closer support to customers as well as expand our business opportunities in China in step with the rapid growth of the Chinese semiconductor market over the last several years. “We look forward to stronger collaboration with our customers to further expand our market share in China.”
Larsen & Toubro’s (L&T) construction division has secured several contracts worth INR32.05bn ($480m) across its various businesses.Of these, INR20.18bn ($302.2m) worth of contracts have been awarded to the company's buildings and factories business.These include a contract from a Mumbai-based developer for a turnkey high-rise residential project. The scope of the contract will include civil, structural, mechanical, electrical, plumbing and finishing works for six towers, each rising 55 to 60 floors.The business has also secured additional orders from several existing customers for the development of commercial and residential spaces.The power transmission and distribution business has won contracts worth INR7.1bn ($106.3m).In the company's domestic Indian market, the business has secured a turnkey contract from Powergrid Southern Interconnector Transmission System to build a 400kV double circuit transmission line linking Cuddapah to Madhugiri, as well as another contract from Power Grid Corporation of India for the construction of a 765kV double circuit transmission line at Cuddapah.In the international market, Larsen & Toubro (Oman) has secured a turnkey contract from Oman Electricity Transmission Company to build 400kV reactor transformers and associated works at Sur and Izki substations.
The Asian Development Bank (ADB) has granted a $123.3m loan to Metropolitan Waterworks and Sewerage System (MWSS) of Manila to build a new water tunnel in Manila, Philippines.The proposed tunnel will stretch over 6km in length, with an internal span of about 4m. It will be an intake structure at the Ipo reservoir, and a new transition basin at Bigte, with connecting infrastructure. The project will implement structural measures to minimise impact of earthquakes and other hazards, and environmental degradation. ADB Southeast Asia Department senior urban development specialist Paul van Klaveren said: "The Angat transmission system provides more than 95% of Manila's water but its existing tunnels are up to 75 years old and in poor condition, leaving the metropolitan area highly vulnerable to serious supply disruptions.“This assistance will allow the Metropolitan Waterworks and Sewerage System to build a fourth tunnel, clearing the way for it to upgrade and modernize its other existing tunnels and aqueducts to maximize and strengthen supplies.”
GS Engineering & Construction has secured a contract worth about SGD1.99bn ($1.4bn) from the Land Transport Authority (LTA) of Singapore for the construction of East Coast Integrated Depot and its reception tunnels.East Coast Integrated Depot will integrate three train depots and one bus depot in a 36-hectare site. The depot will have a capacity to accommodate about 220 trains and 550 buses, and will be used by the LTA for stacking the train depots for the East-West Line (EWL), DTL and TEL. In addition, LTA has awarded contracts worth nearly SGD1.31bn ($962.7m) for the construction of Siglap and Bayshore stations along Thomson-East Coast Line (TEL) and Xilin station along Downtown Line 3 Extension (DTL3e).A John Holland–Zhen Hua (Singapore) Engineering joint venture has won a SGD176m ($129.3m) contract for the construction of the Siglap station. A Woh Hup (Private)–Shanghai Tunnel Engineering (Singapore) joint venture has received a SGD296m ($217.5m) contract for construction of Bayshore station and its associated tunnels. Both Bayshore and Siglap stations will serve as civil defence shelters along TEL’s East Coast stretch.Samsung C&T has secured a SGD834m ($612.8m) contract for the construction of Xilin station and its associated tunnels, and reception tunnels to the depot.Construction work on the projects is scheduled to begin by the second quarter of 2016. Works on Siglap and Bayshore stations are expected to be completed in 2023, with Xilin station and East Coast Integrated Depot expected to be completed in 2024.
Vinci has completed the extensions of the Phnom Penh and Siem Reap airports in Cambodia.The projects, which entailed an investment of over $100m, will double the annual passenger handling capacity of the airports from 5m to 10m.Vinci said that the investments are designed to enable the airports to accommodate substantial air traffic growth. Over the past 20 years, the number of passengers has increased ten-fold, driven by the country’s dynamic economy and tourism sector.The projects were carried out within the framework of the concession held by Vinci Airports, in collaboration with Muhibbah.Vinci Construction Grands Projets started the expansion projects in 2013 and made use of Building Information Modeling (BIM) technology in the projects for better safety performance and construction schedule compliance.
Toshiba has announced plans to build a new semiconductor fabrication facility in Japan’s Mie prefecture.The new Fab 2 building will be built on land adjacent to the Yokkaichi Operations memory production complex in Mie prefecture. It will be used for expanded production of the company’s proprietary 3D flash memory product brand Bics Flash.Production requires needs a new clean room with dedicated equipment for the 3D process. The new facility will initially offer this space following its completion in the first half of fiscal 2016.The construction and equipment investment for the project is estimated to cost about JPY360bn ($3.2bn). The investment will take place from fiscal 2016 to fiscal 2018. Final decisions on the construction timeline and facility investment will be made in fiscal 2016, with production due to start in 2018.
A consortium of Hock Seng Lee (HSL) has secured a contract worth MYR750m ($185.1m) for a wastewater treatment plant and the sewer network project in Kuching, Sarawak, Malaysia.HSL said in a filing with the stock exchange that it owns 75% of the Kumpulan Nishimatsu Hock Seng Lee consortium.The contract has been awarded by the state government of Sarawak through Jabatan Perkhidmatan Pembetungan Sarawak for the Kuching city central wastewater management system.The scope of the contract will include the construction and commissioning of the plant, the main, secondary and tertiary lines, property connections, and the provision of the process plant and equipment.The consortium will also be responsible for related building works, as well as mechanical and electrical works. The project is anticipated to be completed and commissioned in six years.“The contract is expected to contribute positively to the earnings and net assets of HSL Group as the project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL,” HSL said in a statement.
Larsen & Toubro’s (L&T) construction division has secured contracts with a combined value of INR16.72bn ($248.3m) across various businesses.The company’s building and factories business has won contracts worth INR9.67bn ($143.6m). These include an EPC contract for a multi-storied residential project in Lucknow, Uttar Pradesh, India. The scope of the contract, awarded by UP Avas Vikas Parisad, will include civil, structural, mechanical, electrical, plumbing and finishes. The business has also secured a turnkey contract from a Mumbai developer to build a multi-storied residential building and retail space. The scope of the work will include civil, structural, mechanical, electrical, plumbing as well as finishes.L&T’s power transmission and distribution business has won contracts valued at INR5.8bn ($86.1m) in the international markets. These include an EPC contract in Ethiopia for construction of a 400/230/15 kV substation, as well as three 230/15 kV substations at various locations. The project, awarded by Ethiopian Electric Power, has secured financing from the French Development Agency.The business has also received another EPC contract in South East Asia to build a high-voltage substation.In addition, L&T Construction’s Water & Effluent Treatment Business has secured order worth INR1.25bn ($18.6m).
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Samsung C&T has secured a SGD450m ($320m) contract from the State Courts of Singapore for the construction of the State Courts Towers.
German automaker Daimler has announced plans to invest about €500m for the construction of a new battery factory in the Saxon city of Kamenz, Germany.
Japanese engineering services firm JGC has secured a contract worth JPY40bn ($329.9m) to construct a gas processing plant in Bahrain.
Bharat Heavy Electricals Limited (BHEL) has won a contract worth INR27.59bn ($405.8m) for building a supercritical thermal power project in Tamil Nadu, India.
Ssangyong Engineering & Construction’s Dubai unit and China State Construction Engineering (Middle East) have secured a contract worth AED1.4bn ($381.1m) from Nakheel to build The Palm Gateway at Dubai’s master development Palm Jumeirah.
Century Properties Group, via its subsidiary Century City Development Corporation (CCDC), and Japanese firm Mitsubishi have broken ground on Forbes Media Tower at Century City in Makati, Philippines.
French company Bolloré Group has secured a contract from the authorities of East Timor to design, construct and operate the deepwater port at Dili.