Powered by
The Costain Skanska joint venture (CSJV) environmental team working on the Crossrail Bond Street station in Central London has won one of the programme’s sustainability awards.
UK-based construction and engineering company Costain highlighted the importance of preserving the environment and biodiversity in an initiative last month.
Costain’s London Bridge redevelopment project team has won a gold Green Apple Award due to its positive contribution to the built environment.
The UK construction industry will converge in Birmingham next month, as the UK Construction Week event combines nine shows at the NEC venue from 18–20 October.
Sheffield City Council has announced a 60-year partnership agreement with Chinese firm Sichuan Guodong Construction to develop the UK city. The £1bn deal is set to be the biggest Chinese investment of its kind to be made outside of London. The first investment, worth about £220M, will fund four or five Sheffield city centre projects over the next three years.Councillor Julie Dore, Sheffield City Council leader, said: “This is the biggest Chinese investment deal to be made by a UK city outside of London. And perhaps more importantly it is first deal of its kind to be made by a UK city. This is a real partnership.“The projects funded by this investment will be determined by Sheffield City Council, and the 60-year commitment secures a stream of investment into our city for the next generation, and means a whole range of projects become viable because of the long-term nature of the relationship.”Councillor Leigh Bramall, deputy leader of Sheffield City Council, said: “We are clear that this will create hundreds, if not thousands, of additional jobs for the people of Sheffield. The investment comes from China, but the workforce on these projects will be British.”Sheffield has also signed, recently, co-operation trade agreements with the cities of Daqing and Nanchang.
The UK construction industry is expected to experience major downside risks to growth following UK’s vote to leave the European Union, according to a new report.Timetric’s Construction Intelligence Center (CIC) new report, entitled ‘Brexit and the Impact on Construction in the UK’, concluded that the UK construction industry growth is expected to fall from 3.4% to 2.8% this year.The findings reveal the great deal of uncertainty as to what the full implications of Brexit are for the UK’s construction industry.Danny Richards, leading economist at CIC, recognizes that the industry growth started being affected during the EU referendum campaign.“Construction output growth had already started to slow ahead of the referendum, in fact output was down by 1.9% in the first quarter on a year-on-year basis, and the uncertainty that will prevail in the coming months following the referendum suggests that investment flowing into new projects will slowdown, and some works could be put on hold,” he said.Furthermore, the pace of growth in the UK construction industry in 2017 is expected to slow from 4% to 1.5% — reflecting a sharp downturn in investment as the government embarks on a two-year process of negotiating its exit from the single market.“The downwards revisions to our growth forecasts for construction output mean that the UK’s construction industry’s output in 2017 will be £4.8bn lower than what it would have been had the outcome of the referendum been in favour of the ‘remain’ campaign,” said Richards.
A survey of UK construction recruitment firms has highlighted the shortage of construction workers and resultant high wages, with some bricklayers taking home £1,000 a week.
The University of Edinburgh has received a £200m loan from the European Investment Bank (EIB) for the development of its campuses.
Developer Hammerson has announced that work on the £1bn Whitgift shopping centre redevelopment project in Croydon, London is now pushed back to 2017.
Bouygues UK has secured a contract from Bristol City Council to build the £90m ($129.7m) Bristol Arena next to Temple Meads railway station in Bristol, UK.
CLS Holdings has received approval from Lambeth Council Planning Committee for the revised £400m Vauxhall Square mixed-use project in London.
With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY
World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2021 GlobalData. All rights reserved. 
