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.
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).
Samsung C&T has secured a SGD450m ($320m) contract from the State Courts of Singapore for the construction of the State Courts Towers.
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.
The All India Institute of Medical Sciences (AIIMS) has received approval from the Indian Union Minister of Health and Family Welfare JP Nadda for the expansion of its trauma centre in New Delhi, India.
The European Bank for Reconstruction and Development (EBRD) has provided funding for the development of a €318m hospital in Konya, in the central Anatolian region of Turkey.
As delays in projects go, being held up by almost 350 years is a big one. The idea of building a shipping canal across Thailand’s Kra Isthmus, reducing the usual trade route for ships between the Indian and Pacific oceans by more than 1,200km, was first mooted in 1677. However, despite the proposal resurfacing in the 20th century, fears over the environmental impact and the potential for it to divide the country have held it back. Now, the Korea Railroad Research Institute (KRRI) has put forward the idea of a ‘dry canal’ to carry ships across the south of Thailand, from Kra Buri to Chumpon Bay in the Gulf of Thailand, bypassing the Malacca Strait.
Dubai developer Nakheel has signed a joint venture agreement with RIU Hotels & Resorts to develop a $170m hotel at Nakheel's Deira Islands master development.