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Bangalore International Airport Limited (BIAL) has raised INR102.06bn (£1.1bn), marking the financial closure of the INR133.52bn (£1.5bn) expansion of the Kempegowda International Airport, Bengaluru (KIAB) in the Indian state of Karnataka.
The Asian Development Bank (ADB) has agreed to provide $415m (£342m) to Georgia for the construction of a new highway.
Philippines’ conglomerate San Miguel (SMHC) has been selected by the Philippines’ Department of Transportation (DOTr) for the construction of the $14.3bn (£11.7bn) Bulacan Airport in the Bulacan province of the Philippines.
Link Alliance, a consortium led by Vinci Construction, has won a €970m design-construction contract for the €2.5bn (£2.24bn) City Rail Link (CRL) Project in Auckland, New Zealand.
Asian Development Bank (ADB) has signed a $1.3bn (£1bn) loan agreement with the Philippines government for the $6.1bn (£4.8bn) Malolos–Clark Railway Project.
The Asian Development Bank (ADB) has agreed to provide a loan of $235m (£187.6m) for the development of Bus Rapid Transit (BRT) system to improve the public transport system in Karachi, Pakistan.
The state government of New South Wales (NSW), Australia has announced a budget of A$6.4bn (£3.5bn) to accelerate the construction of Sydney Metro West project in Australia.
Indian construction giant Larsen & Toubro (L&T) has been awarded EPC contracts for various projects in India.
The Asian Development Bank (ADB) has agreed to provide THB9.9bn (£245m) in financing for the construction and operation of the Pink and Yellow lines of Bangkok’s mass rapid transit (MRT) system.
The Asian Development Bank (ADB) has agreed to provide $350m (£277m) to rehabilitate and upgrade state highways and district roads in the Indian state of Chhattisgarh.
The Asian Development Bank (ADB) has approved financing of up to $2.75bn (£2.17bn) for the construction of 53.1km of a railway line connecting Malolos, a suburb north of Manila, to Clark economic zone and Clark International Airport in Central Luzon.
The Philippines Department of Transportation (DOTr) has announced the start of construction on six stations following signing of the contract for Package 1 of the PNR Clark Phase 1 railway project.
Cube Highways and Infrastructure III, an affiliate of Cube Highways and portfolio company of I Squared Capital through its ISQ Global Infrastructure Fund II, has entered into an agreement with Reliance Infrastructure to acquire DA Toll Road (DATRPL), a toll road in the state of Haryana/Uttar Pradesh, India.
The Japan International Cooperation Agency (JICA) has signed an agreement with the Government of the Democratic Socialist Republic of Sri Lanka in Colombo to provide a Japanese ODA loan of up to JPY30.04bn (£204m) for the construction of light rail transit (LRT) system in the national capital.
A consortium, comprising Japanese conglomerate Marubeni Corporation and Philippine construction company DM Consunji (DMCI), has won a JPY6.9bn ($62m) electrical and mechanical contract from the Department of Transportation (DOTr) for a 4km extension with two additional stations for the Manila LRT Line 2 East extension project.
Reliance Infrastructure E&C has received a Letter of Award (LOA) from the Airports Authority of India (AAI) of a contract worth INR6.48bn ($92m) for a new greenfield airport at Hirasar in Rajkot district in the Indian state of Gujarat.
The Asian Development Bank (ADB) and the Government of Pakistan have signed a $75m loan agreement to widen and upgrade 42km of the Mardan-Swabi road in the Khyber Pakhtunkhwa Province in Pakistan.
Construction on the $6.8bn Metro Manila Subway in the Philippines will commence on 27 February 2019 and as part of the preparatory work, officials of the Department of Transportation (DOTr), led by Secretary Arthur Tugade, inspected the tunnel-boring machines (TBMs) in Japan.
Siemens Mobility has been selected by Singapore’s Land Transport Authority (LTA) for the electrification of the Circle Line Stage 6 and the North East Line extension (NELe) in Singapore.
Port of Brisbane (PBPL) has selected Brady Marine & Civil and Hindmarsh as principal contractors for its A$158m ($114.4m) Brisbane International Cruise Terminal project.Following the appointment of principal contractors, the construction on the project is expected to start in the coming months.Brady Marine & Civil, a specialist marine infrastructure and engineering contractor, will oversee the wharf construction of Brisbane International Cruise Terminal, while Australian construction firm Hindmarsh is responsible for civil works and terminal building.Queensland state development, manufacturing, infrastructure and planning minister Cameron Dick said: “The Port of Brisbane’s $158 million Brisbane International Cruise Terminal signals bright horizons for the cruising industry in Queensland.“It is expected to contribute $1.3 billion in net expenditure into the Brisbane economy alone over the coming two decades.”PBPL CEO Roy Cummins noted that early preparation for the wharf had already started with ABFI Steel Group initiating the work of manufacturing 105 piles with up to 45m long.Piling is also expected to begin soon following the wharf construction. At present, relocation of around 85,000 cubic metres of surcharge (clean sand) is underway.Hindmarsh is planning to start preparing the site for construction in March this year, and work is expected to begin in April.Cummins further added: “Importantly, both have strong track records for innovation and project delivery, together with the proven experience and capabilities required to help us deliver this world-class cruise facility.“With the start of major construction of the Brisbane International Cruise Terminal now imminent, we look forward to sharing the progress and milestones with the community as the new facility begins to take shape.”In October 2017, Port of Brisbane signed an agreement with the state government for the development of Brisbane International Cruise Terminal at Luggage Point.The facility is being developed to meet the requirements of cruise vessels of all sizes, including the largest ocean-going cruise ships in the world.In addition, the terminal will serve as gateway to the great south-east, enabling to increase economic and tourism opportunities for the region.
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