The Cordish Companies has unveiled plans for a $200M expansion project at its Maryland Live! Casino property in Hanover, Maryland.The project, to be located next to Maryland Live! Casino at Arundel Mills, will include a 17-storey Live! Hotel tower with 310 luxury guest rooms. The development will add an additional 33,000sq m of space to the gaming facility and will also involve the construction of an event centre, meeting spaces, new dining options, and a day spa/salon.Tutor Perini Building Corp. will serve as the general contractor in the project.Cordish Global Gaming Group president Robert Norton said: "Maryland Live! Casino is the premier gaming, entertainment and retail destination serving the heart of the Baltimore/Washington population."The addition of our flagship Live! Hotel is just the latest investment we are making to ensure Maryland Live! continues to be the preferred choice for visitors seeking a world-class gaming and entertainment experience."Construction work is set to start in late 2016 with its completion slated for the fourth quarter of 2017. The project is expected to create about 400 new jobs and 550 construction jobs in the region.
SNC-Lavalin in joint venture with Aecon Group has secured two contracts from Ontario Power Generation (OPG) for nuclear services at the Darlington Nuclear Generating Station in Ontario, Canada.Under the first contract worth $265M, the JV will be responsible for the refurbishment of all four 935MW steam turbine generators at the station, along with the generators’ overhauls and moisture separator re-heaters, condenser repairs and implementation of new controls systems.Work has already started and is expected to be complete in 2025.According to the second contract, valued at $127M, the JV will provide engineering, procurement and construction (EPC) services for the Retube Waste Processing Building. The work, shared equally between the two companies, is anticipated to be completed in 2017.SNC-Lavalin’s chief nuclear officer and executive vice president of nuclear Preston Swafford said: “We are pleased to work closely with OPG to extend the life of one of Canada’s largest nuclear generating stations.“Our nuclear capabilities ensure that the Candu nuclear reactors will continue to provide safe, reliable, affordable and CO2-free energy to Ontario for up to another 30 years.”
A consortium of lenders led by Maybank is set to provide the first syndicated shariah-compliant construction financing worth $219M for the development of a luxury residential tower in Manhattan, New York.Maybank was selected as a joint lead arranger along with Warba Bank of Kuwait for the syndication, which includes lenders Intesa Sanpaolo of Italy and an affiliate of MSD Partners.The funding includes a $174M senior construction loan and a $45M mezzanine loan, which will be used for the construction of the Tribeca condominium tower, a 43-storey building to be developed by Soho Properties and located at 45 Park Place, Manhattan. Maybank group head of global banking Amirul Feisal Wan Zahir said: “This syndication is a milestone being the first shariah-compliant construction financing in New York City, and it reaffirms our ability to offer value-creating Islamic banking solutions for global clients.“As one of Asia's leading banking groups, we have been at the forefront in financing major infrastructure and property development projects across many countries.”Construction on the 665ft-tall glass and steel tower will start in mid-2016 and is set to be complete in 2018.
Ontario Province has announced the construction of three new GO train stations as part of Metrolinx’s GO Regional Express Rail (RER) expansion project in Canada.The stations, along the Barrie GO Transit line, will be built in Vaugham, Newmarket and Simcoe County. GO RER’s project will improve transit service across Greater Toronto and Hamilton area and includes electrification of core segments of the network by 2024. Through the Moving Ontario Forward plan, Ontario is investing $31.5bn over 10 years for transit, transportation and other priority infrastructure projects across the province.Bruce McCuaig, Metrolinx’s president and CEO, said: “We are moving forward with the single-largest addition of new stations along the GO rail network since we started service nearly 50 years ago. “These new stations will bring improved transportation options closer to home to help everyone get where they need to go, faster and more efficiently.”
Broadbridge LA joint venture has secured a $164.5M loan from Jamestown to redevelop the 102,000sq m Broadway Trade Center in downtown Los Angeles, California.The loan will be used to support the eight-storey building’s extensive refurbishment, which is currently in progress. Plans will also include a food marketplace, bars and restaurants, retail space, a hotel, a rooftop park and flexible office space with large floorplates.Jamestown’s president Michael Phillips said: “The Broadway Corridor is poised to make a comeback as the urban heart of Los Angeles, and we’re pleased that we can assist as a lender on this transformative redevelopment project.“We are committed to investing our resources in projects that transform spaces into true destinations through innovative mixed-use components, and we’re confident in the future of the Broadway Trade Center and the surrounding neighbourhood.”
AECOM’s unit Tishman Construction has been appointed to manage construction of an $1bn commercial office development in Manhattan, New York.The 1,401ft-tall skyscraper, called One Vanderbilt, will be located in the heart of New York’s East Midtown business district. The 58-storey building will feature 149,000sq m of Class A commercial space, a public transit hall at the base of the building connected to a 1,300sq m public plaza, and $220M of public transit improvements to the Grand Central transit hub.Upon completion, the project is expected to be the second-tallest office tower in New York City. Tishman will construct the office building, expected to achieve LEED v4 Gold certification, for New York City-based commercial property owner, SL Green Realty Corp. AECOM’s chairman and CEO Michael Burke said: “As the quintessential New York builder, we are proud that SL Green is entrusting us to build this iconic structure that will help reshape the skyline.“We are excited to extend our expertise in delivering the highest-performance buildings as part of the dramatic transformation underway in Midtown East, one of the premier business districts in the world.”Construction work is set to commence in 2016 and is expected to be complete in 2020.
Dominion subsidiary Dominion Virginia Power has started work on its 1,588MW Greensville County Power Station in Virginia, USA.Construction on the new $1.3bn facility follows the plant's air permit approval by the Virginia Air Pollution Control Board. According to the company, the air permit, issued on June 17, was the last regulatory hurdle the power plant had to clear before proceeding. Dominion's Generation Group CEO Paul Koonce said: "This is terrific news for Dominion, its customers, the Commonwealth, Greensville County and all of Southside Virginia."We are excited about the task ahead and are looking forward to getting this state-of-the art power station operating and providing energy to more than 400,000 customers by 2019."The new plant will be the company's second major generation project in Southside, being the first Brunswick County Power Station, which started generating electricity in April.
San Francisco International Airport (SFO) is set to break ground on a $2.4bn project to renovate the airport’s Terminal 1 (T1).Upon completion, the project is expected to meet or exceed the standards of Terminal 2 and Terminal 3 Boarding Area E.The project, expected to receive a LEED Gold certification, will include the design and construction of T1’s north, south and central areas, a new Boarding Area B with enhanced passenger circulation and access to its 24 gates, new passenger loading bridges and new concessions and an improved Boarding Area C.It will also involve a new central area and a mezzanine with connections to the AirTrain and the Central Parking Garage.Work is set to commence in June 2016 and the terminal is scheduled to be completed in 2020.
Skanska in a joint venture with Gates Construction has secured a $200M contract from Lee Memorial Health System to expand and refurbish the Gulf Coast Medical Center in Fort Myers, Florida.The project will include the creation of 34,000sq m of new space and about 4,500sq m of renovations. It will also involve three additional floors, as well as many horizontal expansions. Furthermore, the development will include a parking facility which will be able to accommodate 1,300 vehicles.Work on the project will commence in June 2016 and is set to be completed in February 2021.
Purple Line Transit Partners (PLTP) have achieved financial closure to design, build, finance, operate and maintain the Purple Line project in Maryland, USA. The $5.6bn project, which includes a $2bn design-build contract, includes the construction of 21 stations along a 16.2-mile alignment extending from Bethesda, in Montgomery County to New Carrollton, in Prince George’s county.The closure includes $313M in ‘Green Bonds’ from Private Activity Bonds underwritten by JP Morgan and RBC Capital Markets and follows approval of a $874.6M Transportation Infrastructure Finance and Innovation Act (TIFIA) loan from the United States Department of Transportation last week.Herb Morgan, Purple Line Transit Partners CEO, said: “Purple Line Transit Partners is pleased to reach financial close on this important project.“This milestone, plus the recent Board of Works action approving the P3 contract, solidifies Maryland’s leadership in protecting and enhancing the state's fiscal integrity by advancing a public-private partnership project that will transfer construction, operation, maintenance and performance risks to the private partners all while ensuring riders and stakeholders receive improved mobility, environmental compliance and safety. “Our team is looking forward to working with Maryland communities to start construction later this year and deliver this innovative project at a fixed-price and on schedule."The Purple Line Transit Constructors team has began initial design and survey work with construction expected to start later this year and passenger service scheduled for early 2022. Following construction, Purple Line Transit Operators will provide 30 years of operations and maintenance services.
GE Aviation has started construction on two adjacent factories to mass-produce Silicon Carbide (SiC) materials in Huntsville, Alabama. Estimated to cost more than $200M, the two factories will be constructed on a 100-acre site. One of the plants will produce silicon carbide (SiC) ceramic fibre, while the second will use this SiC ceramic fibre to produce the unidirectional CMC tape necessary to fabricate CMC components.GE Aviation’s vice president Sanjay Correa, who leads the industrialization of advanced technologies, said: "GE Aviation is creating a fully integrated supply chain for producing CMC components in large volume, which is unique to the United States."The new factories in Alabama are vital to this strategy. We are deeply gratified by the tremendous local, state, and national support for this effort."Construction work is expected to be complete by the first half of 2018, with production set to commence on that same year. Once fully operational, the plants are anticipated to employ up to 300 people.
EDF Energies Nouvelles subsidiary EDF EN Canada and MD1 Wind have dedicated the 74MW Mont Rothery wind project in Quebec, Canada.The project includes 37 wind turbines, which will generate clean electricity to meet the needs of about 15,000 Quebec homes. The $175M wind farm has created over 200 jobs during the peak construction period and approximately seven permanent operation and maintenance jobs.Construction on the project started in October 2014 and reached commercial operation in December 2015.EDF EN Canada’s director of generation Alex Couture said: “In addition to the $11M of local economic impact generated by the project during construction, the two MRCs concerned by the project and the city of Murdochville will share a total contribution of over $4M during the operational phase.”* For more information on the Canada construction market, visit the Construction Intelligence Center Report Store.
Pfizer has started construction on its new $200M biologics clinical manufacturing plant in Andover, Massachusetts. The 16,300sq m five-storey facility will enable the production of complex biologics and vaccines. According to Pfizer, the new facility is designed with five independent manufacturing suites to support its complex and diverse biologics research effort.The plant will implement flexible design to fully enable next generation manufacturing strategies, use the latest single-use bioreactors and disposable process technologies and provide clinical manufacturing options with the lowest cost and greatest flexibility for efficiently driving important clinical drugs to patients.Senator Barbara L’Italien said: “This five-storey building will add 75 new permanent manufacturing jobs and 200 temporary construction jobs to Pfizer’s Andover campus, already home to 1,200 employees.”The plant is expected to be operational by January 2019.
German automaker BMW has broken ground on its new $1bn production plant in San Luis Potosí, Mexico. The new facility will build the BMW 3 Series Sedan, starting in 2019, and balance out production capacity at BMW Group Plant Rosslyn in South Africa, which will build the new BMW X3 instead of the BMW 3 Series in the future.The project will comprise a body shop, a paint shop and an assembly plant. BMW said that the new plant will feature an innovative production system and comprehensive sustainability standards.Once operational, the facility will have a production capacity of up to 150,000 units annually, creating at least 1,500 new jobs in the region.The plant will operate using 100% CO2-free power, as it will have a solar-powered network on the site.According to BMW, the plant will have the lowest water consumption per vehicle manufactured in the production network. This will be the company’s first paint shop to produce zero process wastewater, as the water needed for the painting process is reconditioned and recycled.
Plenary Properties Merced (PPM) has been selected by The University of California, Merced, as the winning bidder for its next phase of the $1.14bn campus development.PPM will design and construct the new facilities as a single, fast-track project and ensure major building systems operate effectively over the 39-year term of the contract.The new facilities will be constructed in a 219-acre site that currently supports the existing campus and its 6,700 students. The four-year project is expected to almost double the physical capacity of the campus by 2020.The project will support Merced’s environmental sustainability objectives, as the campus has been recognized as one of the greenest in the country by the US Green Building Council.Furthermore, the developer will be responsible for raising the required private financing as part of the public-private partnership.Construction is set to commence in September 2016 with the project’s first phase scheduled for delivery in 2018. The remaining facilities are scheduled to be completed in 2020. The project is expected to create over 10,000 construction jobs in the region.
The United States Department of Transportation (USDOT) has approved a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan of $874.6M to Purple Line Transit Partners for the implementation of the Maryland Purple Line project. The 16.2-mile project includes 21 stations and connects many communities in Maryland, from Bethesda in Montgomery County to New Carrollton in Prince George’s County.The project, owned by the Maryland Department of Transportation, will be implemented on a design-build-finance-operate-maintain basis.The project was procured as a public-private partnership under a concession agreement that was executed in April 2016, and expires about 30 years after substantial completion, which is expected in March 2022.
LACC, the joint venture between Axiall Corporation and Lotte Chemical, has started construction on a $3bn project to build an ethane cracker facility in Louisiana, USA.The cracker facility, to be located adjacent to Axiall’s existing Lake Charles complex, is expected to produce 1M tonnes of ethylene annually. Lotte Chemical will also build an adjacent plant to produce 700,000t of ethylene glycol (EG) annually. The facilities are expected to create over 200 new direct jobs and more than 1,800 indirect jobs in the region. Further, about 2,000 temporary construction jobs are expected to be created during construction work.Lotte Chemical’s president and CEO Soo Young Huh said: “Among Korean petrochemical companies, Lotte Chemical is the first to locate a project in the United States; as such, this project represents a significant investment by Lotte Chemical.”Axiall’s president and CEO Tim Mann said: “For Axiall this commitment marks the next phase of our continued investment in the Lake Charles area. Our construction site is just west of our largest chemicals plant, where we have operated for nearly 70 years.”
WinnCompanies business unit WinnDevelopment and GDD Properties have started construction on a $200M project to redevelop the Sibley Building in downtown Rochester, New York.The project will start with the $100M phase, which includes the construction of 96 modern luxury apartment homes on the 9th–12th floors. The first phase will also include the addition of retail space on the Main Street and office space in the mid-rise, the construction of active senior living apartment homes, and a complete rehabilitation of the entire façade and windows of the building.Construction work on the top floor of the Sibley building — once home to the Tea Room of the Sibley Department Store — is in progress. Upon completion, the floor will become the headquarters of the High Tech Rochester’s Finger Lakes Business Accelerator Cooperative. WinnCompanies’ CEO Gilbert Winn said: “We are thrilled to take this leap forward in a project that will restore energy and economic development to the region’s most beloved building.“With Class A office space and luxury apartments, the new Sibley Building is transforming into the innovative center for office, retail, and housing while maintaining its historic character.”
LaGuardia Gateway Partners (LGP) consortium has started construction on a new 130,000sq m Terminal B building at LaGuardia Airport in New York, USA.The consortium includes Vantage Airport Group, Skanska and Meridiam, together with the Port Authority of New York and New Jersey.The $4.2bn project will involve the construction of a 35-gate terminal, along with a new west parking garage and other supporting facilities.Work will commence with a roadway network and a new 3,000-space parking garage that will minimise congestion at the airport. The project design reflects the recommendations from the Governor’s Airport Advisory Panel, which includes the new light-filled central hall where passengers arrive, set to connect Terminals B and C.LGP and the Port Authority of New York and New Jersey have recently secured financing for the project.The new airport, expected to achieve LEED Gold certification, is set to open in 2018, with all portions of the redesigned Terminal B scheduled to open by the end of 2021. The project is expected to create 8,000 direct jobs and 10,000 indirect jobs.
Spectra Energy subsidiary Valley Crossing Pipeline has secured a contract from the Comisión Federal de Electricidad (CFE) to build the $1.5bn Nueces-to-Brownsville natural gas pipeline.The 168-mile intrastate natural gas pipeline project will be used to transport natural gas — starting in 2018 — to meet Mexico's growing power generation needs.Under the contract, Valley Crossing will build and operate a header system of more than 5bn cb ft per day near the Agua Dulce Hub in Nueces County, Texas, as well as a 2.6bn cb ft per day pipeline originating at that header and extending to Brownsville, Texas. There, the pipeline will connect with the Sur de Texas-Tuxpan pipeline, which will extend into Mexico.Spectra Energy’s president of US Transmission and Storage Bill Yardley said: "Spectra Energy is pleased to have secured the bid to build and operate this critical infrastructure, which will provide clean-burning and reliable natural gas to support Mexico as its electric generators shift away from fuel oil and imported LNG."Successfully securing this project adds to our already-strong asset portfolio, connects us to another key demand-pull market, and brings us closer to our goal of securing $35bn in capital expansion projects by the end of this decade, with approximately $20bn either in execution or in service since 2013."