India-based KMC Constructions has secured a INR12.74bn ($190.5M) contract from the National Highways Authority of India (NHAI) for the construction of a road segment in Himachal Pradesh, India.
Lum Chang Building Contractors has won a SGD325M ($233.8M) contract from the Land Transport Authority (LTA) to construct viaducts and a new platform at Tanah Merah station in Singapore.
Evonik Industries has broken ground on its second DL-methionine plant in Singapore.The €500M plant will have a production capacity of 150,000t annually.Evonik sells the amino acid DL-methionine under the MetAmino brand name. The new facility will boost the company’s annual capacity of MetAmino to about 300,000t in Asia, and to about 730,000t across the globe.Evonik Industries chairman of the executive board Klaus Engel said: "Our methionine complex, which came on-stream in late 2014 on Jurong Island, is a success story. This led to our decision to build a second plant next to it."The demand for MetAMINO for animal nutrition is continuing to grow at a very fast rate in Asia."The facility is anticipated to be operational in 2019, and create more than 150 jobs.
A consortium comprising Larsen & Toubro and Sojitz has won an INR37.99bn ($569.2M) contract from the Dedicated Freight Corridor Corporation of India (DFCCIL) for a railway project in India.
Cimic Group company Leighton Asia, through its subsidiary Leighton India Contractors, has secured a contract to deliver the Ten BKC project in Mumbai, India. The 2ha development — to be located in the Bandra Kurla Complex — will feature 40 apartment blocks comprising 937 apartments. Leighton will be responsible for the delivery of structures, mechanical, electrical and plumbing services, finishes and external works. The company’s revenue for the project will be AUD140M ($106.6M).Cimic Group executive chairman and CEO Marcelino Fernandez Verdes said: “This is the second premium project we have secured in the Bandra Kurla Complex, demonstrating Leighton Asia’s track record in the high-end building sector.”The project has already started and is expected to be complete in June 2019.
India’s Cabinet Committee on Economic Affairs (CCEA) has given the go-ahead to a INR19.6bn ($292M) highway project in the country.
Radius Group will construct a new warehousing and logistics centre in the Domodedovo district of Moscow, for Auchan Retail Russia.
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.