Indian wind energy solutions provider Inox Wind has won contracts from several customers for the supply and installation of 350MW wind turbine generators.
India-based highway infrastructure firm Gayatri Projects has secured a INR9.26bn ($139M) contract for the construction of a road project in Bihar, India.
Malaysia-based energy services firm SapuraKencana Petroleum has secured new contracts with a combined value of about MYR889M ($215M).
Larsen & Toubro’s construction arm has secured contracts worth INR20.46bn ($307M) across various business segments.
The Asian Development Bank (ADB) is set to provide $1.5bn in funding for the construction of a dual-gauge railway line in Bangladesh.
India-based Gayatri Projects in a joint venture with Russian construction firm PTPS has won a INR12.55bn ($188.3M) highway contract in Odisha, India.
The Asian Development Bank (ADB) has approved $631M in loans and grants to develop the Vishakhapatnam-Chennai industrial corridor in India.
China Railway Group, through its subsidiaries, has won a RMB8.1bn ($1.2bn) contract for the construction of a large railway section in Laos.
A Hyundai Engineering-led consortium has secured a $5bn construction deal in Nakhodka, Russia.The consortium, which includes Hyundai Engineerng & Construction (E&C) and Japan’s Toyo Engineering, signed the deal with the Nakhodka Mineral Fertilizers Factory to build fertilizer plants in Kozmino, a port located near the city of Nakhodka.The consortium will be responsible for the construction of two ammonia production plants with a combined daily capacity of 6,600t, two urea plants with a combined daily capacity of 6,000t and one methanol plant with a daily capacity of 3,000t, according to Korea Times.The factories are expected to be complete within 62 months.
Crane manufacturer Comansa CM has introduced a new series of flat-top tower cranes, with load capacities of 10–12t.
Vinci Concessions has signed a cooperation agreement with the Vietnam Expressway Corporation (VEC) for road infrastructure projects in Vietnam.The partnership covers joint development of concession schemes for road projects currently operated by VEC — the Vietnamese highways agency.It will also focus on the construction, financing and operation by VEC and Vinci of new greenfield motorway projects involving Vinci Group Concessions and contracting businesses.Additionally, Vinci Concessions via its subsidiary Vinci Highways will participate in Vietnam’s infrastructure development programme, which will see the construction of a national expressway network, including the 1,800km North-South expressway.
Empire Industries’ subsidiary Dynamic Attractions has signed an agreement with Altair (Shanghai) Space Technology to design, develop, co-own and operate a CAD600M ($465M) theme park in Hangzhou, China.The theme park — named Space Park — will be developed on a site, which is currently owned by the Hangzhou Zhijiang National Tourist Resort, a government-owned organisation. Altair has signed a separate investment framework agreement with the Hangzhou Zhijiang National Tourist Resort to acquire the site — 19.3ha of land — by the end of 2016.Empire Industries’ executive chairman and CEO Guy Nelson said: “Dynamic Attractions has over two decades of experience delivering some of the most popular rides for the world’s top theme parks, thus providing the solid foundation for Space Park to succeed.“The appetite for world-class attractions by the rapidly growing middle class in China, will be uniquely delivered by Space Park with a distinct themed environment and entertainment attraction offering.”Space Park is expected to open in late 2020.
Wanda Group has announced plans to invest RMB63bn ($9.4bn) to build the new Jinan Wanda Culture, Sports and Tourism City in Jinan, China.The 290ha Jinan Wanda City will be Wanda’s 13th culture and tourism project in the country. The project will include a mall, an outdoor theme park, an ice hockey-basketball stadium, a hotel cluster, and a bar street.The ice hockey-basketball stadium, with a seat capacity of 10,000, will serve as a basketball and ice hockey court. It will have the capacity to host key international sporting events and will serve professional clubs.The 42ha outdoor theme park will feature entertainment facilities equipped with advanced technology.The development will also house three resort hotels — one six-star and two five-star hotels. The project is expected to break ground in 2017, commence operation in 2021 and create 20,000 jobs in the region.
India-based firm KEC International has secured new energy plant contracts worth INR12.24bn ($182.7M) in India, Thailand and Bangladesh.The company’s transmission and distribution business has secured domestic orders worth INR5.89bn ($88M) from Karnataka Power Transmission Corporation under the Indian government’s ‘Green Energy Corridors’ initiative. It includes the supply and construction of a 400/220kV GIS & AIS substation and a 400kV transmission line at Jagalur, Karnataka, and a 400/220kV Substation and 66kV transmission Line at Gadag, Karnataka.KEC’s transmission business has also secured international contracts worth INR2.16bn ($32.2M). A turnkey order of INR1.73bn ($25.8M) was awarded by the Electricity Generating Authority of Thailand for the construction of a 500kV transmission line on the Thai/Laos border, while an INR430M ($6.4M) contract was awarded by the Power Grid Company of Bangladesh for the construction of 132kV transmission lines.The firm’s railways business has secured orders worth INR2.48bn ($37M) for overhead electrification in India, and its cables business won an INR1.71bn ($25.5M) contract to supply power and telecom cables.KEC International managing director and CEO Vimal Kejriwal said: “We are pleased that we continue to strengthen our order book across various businesses and geographies.“In the Transmission and Distribution arena, the order win in Thailand is a significant step in our pursuit to diversify our geographic spread into the ASEAN region. On the Domestic front, the order wins clearly reflect a strong growth in the intra-state T&D network.“The new order wins in Railways strengthen our belief that the Railway Business is poised for a rapid built-up in order book and revenues.”
Goodyear (Thailand) is set to invest $162M in the expansion of its factory in Pathum Thani province, Thailand.The expansion project will enable the production of radial aviation tyres.According to Goodyear’s managing director Finbarr O'Connor, the development will help the company’s current market demand as commercial airlines are rapidly converting their fleets to radial tyres from bias tyres.O'Connor further said that the world's aviation fleet is expected to double in size over the next two decades.The expansion will be carried out in three phases, with phase one expected to start operations by 2018. The project will create 100 new jobs.
National Highways Authority of India (NHAI) has awarded two engineering, procurement and construction (EPC) contracts for the construction of two national highway projects worth INR16.46bn ($245.4M) in Jharkhand, India.One of the contracts has been awarded to Ashoka Buildcon and will involve the development of the 57km-long Govindpur-Chas-Jharkhand/West Bengal Border section. The project will include 38km of national highway with four lanes and 19km with two lanes, as well as four railway-over-bridges, one railway-under-bridge and a 5km-long bypass to Maheshpur town. This section will facilitate the transport of coal and steel, thus contributing to industrial development in the country. The INR9.46bn ($141M) project is expected to be complete in two years.The second contract has been awarded to Ramky Infrastructure for the construction of the 41km-long Barhi-Hazaribagh section.The scope of the work will include the construction of five major bridges, three elephant crossings, two vehicular underpasses and an 11km-long bypass to Hazaribagh city.The project aims to improve connectivity of Hazaribagh, Ranchi and Jamshedpur cities to Delhi-Kolkata corridor through NH-2.The development, valued at INR7bn ($104.3M), is expected to be complete within 21 months.
An engineering solution devised by heavy lifting specialist Mammoet will be used in Malaysia to assist with the placement of large reactor vessels, as part of an expansion at a petrochemical complex.The expansion project includes the installation of new reactor vessels ranging up to 650t and over 100m tall.To overcome the site’s constraint operating area and low pipe rack, Mammoet has come up with a “unique solution” to install the vessels. The use of one of its PTC 35 ring cranes — with a capacity of up to 1,600t — will enable the vessels to be installed from a main road and lifted over the pipe rack. Mammoet APAC manager solutions Roel Wesel said: “Mammoet was able to provide our client with a unique solution that would optimize the handling of heavy vessels. Less movements on site results in reduced risks, reduced costs and a faster completion, reducing the overall time-to-market for our client.”
Sustainable urban and business space solutions provider Ascendas-Singbridge is set to build a $400M IT park in Gurgaon, India. The new 60-acre International Tech Park Gurgaon (ITPG) will feature 743,000sq m of business space, as well as social amenities to meet the needs of 60,000 professionals. It will also include food courts along with banking, transport and covered parking spaces.The first phase of the project will include two buildings offering 93,000sq m of Grade-A business space. Work on the first building is currently underway, and is expected to be complete in the fourth quarter of 2017.Ascendas-Singbridge’s deputy group CEO Manohar Khiatani said: “ITPG will be our eighth IT Park in India and we are convinced that this development will enhance the attractiveness of the National Capital Region and help create quality jobs.”Ascendas-Singbridge India operations CEO Sanjay Dutt said: “Gurgaon is the focal point of economic growth in NCR and second largest office market in India with significant investments made by large multinational corporations. “With over two decades of experience in India, we will bring our best practices to ITPG and provide best-in-class business space and asset management services in Gurgaon, offering our clients an attractive business environment to operate in.”
India’s Cabinet Committee on Economic Affairs, chaired by the prime minister Narendra Modi, has approved the construction of nine projects worth about INR240bn ($3.57bn) to enhance railway network across the country.The projects given the go-ahead include:• a third rail line between Ballarshah, Maharashtra and Kazipet, Telangana. The INR24.03bn ($358.3M), 201km-long line is anticipated to be complete in five years.• a third rail line between Itarsi and Nagpur. The line stretches 280km and will involve a cost of INR28.82bn ($429.8M). It is expected to be complete in five years.• a third rail line between Jhansi and Bina. With an estimated cost of INR22.73bn ($339M), the 152.57km-long line is expected to be complete in four years.• a third rail line between Vijayawada Junction and Gudur Junction. The NR38.75bn ($557.9M), 288km-long line is expected to be complete in six years.• a third rail line between Mathura and Jhansi. The 273.80km-long line, with an expected completion cost of INR43.77bn ($652.7M), is anticipated to be complete in six years.• a fourth rail line, with an estimated cost of INR22.98bn ($342.7M) between Jharsuguda and Bilaspur. The 206km-long line is expected to be complete in five years.• a third rail line between Rajnandgaon-Nagpur (Kalumna). The INR21.93bn ($327M), 228.3km-long line is estimated to be complete in five years.• a third rail line between Kharagpur (Nimpura) and Adityapur in West Singhburn district of Jharkhand with an estimated cost of INR14.83bn ($221M). The 132km-long line is expected to be complete in four years.• an INR25.86bn ($385.6M) second line between New Bongaigaon and Kamakhya. The 176km-long line is expected to be complete in five years.
Spanish construction firm Isolux Corsan has secured a €113M contract from the National Highway Authority of India for the construction of a highway project.Under the contract, Isolux Corsan will widen the 72km section of the Highway NH-74 between Haridwar, in Uttarakhand, and Nagina, in Uttar Pradesh, to four lanes. The scope of the work will include the construction of 12 primary and secondary bridges, a high bypass in Njibabad, a bridge over the train tracks and two steps for elephants.It will also include the construction of five bypasses with a total length of 16km, and the creation of service roads, parking for heavy vehicles and a toll plaza.Isolux Corsan is expected to execute the works within 30 months and will be responsible for the project’s maintenance for four years.