The European Investment Bank (EIB) has agreed to provide a €340m funding to accelerate the construction works on the northern part of Corridor Vc motorway project in Bosnia and Herzegovina.
Swedish real estate company Castellum has secured approval from the City of Stockholm for the construction on the new Infinity office project in Stockholm, Sweden.
The Institute for Advanced Learning and Research (IALR) has commenced construction on a new $25.5m Center for Manufacturing Advancement (CMA) at the campus.
US-based commercial real estate developer Trammell Crow Company (TCC) and Clarion Partners have acquired an 89.6-acre land parcel to construct an industrial park in metro Denver, US.
The Asian Development Bank (ADB) and “Nur Navoi Solar” Foreign Enterprise Limited Liability Company (NNS) have signed up for loans up to $17.5m for a 100MW solar power plant in Uzbekistan.
Construction firm Skanska has secured a contract worth £52m from Network Rail to replace a bridge in the West Midlands region, UK.
L&T Construction announced that its Water & Effluent Treatment business unit has won multiple engineering, procurement and construction (EPC) contracts to execute rural piped water supply schemes in many districts of Madhya Pradesh, India.
The Government of India has signed a $500m loan agreement with the World Bank for the development of green, resilient and safe highways in India.
US-based developer Ryan Companies and Cadence Living have announced the expansion of the Acoya brand into Denver, Colorado, the US.
Swedish construction firm Skanska has secured a contract worth about SEK2bn ($241m) from British Land to construct a new office building in London, the UK.
Spanish infrastructure company Acciona along with its partner RTCC has secured a $384m contract from Saudi publicly-owned Corporation Saline Water Conversion Corporation (SWCC) to build the Shuqaiq 1 desalination plant in Saudi Arabia.
Doosan Heavy Industries & Construction secured an EPC contract for a KRW620bn ($560m) combined cycle power plant project in Guam.On 21 December, the firm signed the contract to build the Guam Ukudu 200MW Combined Cycle Power Plant.The consortium of the Korea Electric Power Corporation (KEPCO) and Korea East-West Power (EWP) has been engaged as the developer of the project.The 200MW combined cycle power plant will be built in the Dededo area, which is located about 5km northwest of Antonio B. Won Pat International Airport in Guam. Guam Power Authority (GPA) chose the KEPCO-EWP consortium as the developer of the project.Doosan was chosen thereafter by the consortium as the EPC contractor.It will be responsible for all the processes from plant engineering to equipment manufacturing, installation, and commissioning.The plant construction is expected to be completed by 2024. Doosan will apply its technology to build a 25MW energy storage system (ESS) to provide a stable power supply. Once operational, the Guam Ukudu 200MW Combined Cycle facility is expected to become the largest baseload power plant, accounting for around 40% of the power supply in Guam.Doosan Heavy’s plant EPC business group CEO Inwon Park said: “We will do our best to make this project an exemplary case of global business expansion, one that was achieved through the joint efforts of Korean developers and EPC contractors. We plan to strengthen our efforts to penetrate the overseas market for combined cycle power plants.”
Real estate developer and manager Oxford Properties Group, alongside partner CT REIT, has submitted a rezoning application for Canada Square to redevelop the 9.2-acre midtown site with a 3 million ft2 mixed-use masterplan in Toronto, Canada.
Seymour Whyte, a subsidiary of VINCI Construction, has secured a contract worth $86.2m to build a new 349m bridge on the Kings Highway, above the Clyde River in New South Wales, Australia.
Citycon has signed an agreement with construction company Skanska for the construction of four residential towers that form a part of the Lippulaiva urban development project in Finland.The four residential towers with four to 14 storeys and 275 apartments will be constructed in the north-western end of Lippulaiva.Construction of the towers will commence in spring 2021 and will be completed at the end of 2022 and the beginning of 2023.This project is considered to be a critical step in the firm’s push to expand its residential business.Eight residential towers, including 550 new apartments, will be built on the project site.On 2 December, the preliminary agreement was signed on selling residential building rights of two towers to construction company Hausia.Skanska is also serving as the primary contractor for the shopping centre part of the Lippulaiva urban development project.The contract agreement regarding the shopping centre was signed with Skanska in October 2019.The total price of the signed contract with regard to the residentials is around €50m with VAT.Citycon property development director Risto Seppo said: “We chose Skanska as our partner on the basis of the received tenders and after the development stage, and we are convinced that by choosing the same construction company as both the builder of the shopping centre and the residentials, we will significantly minimise the risks during construction as well as insure the same high quality.”Skanska district manager Jorma Seppä said: "I am delighted that our cooperation with Citycon also continues on residential buildings. In this diverse entity, we utilize Skanska's expertise extensively, from design and procurement to construction.”Currently, Citycon has undertaken a redevelopment project for Lippulaiva, with the previously demolished shopping centre being replaced with an urban hub that will feature a new and modern shopping centre along with the residential towers and a metro station.The new Lippulaiva project will feature a total of 30,000m2 of residential building space, besides 44,000m2 of commercial space housing around 100 different units such as grocery stores, cafés, restaurants, etc. Citycon chief development officer Erik Lennhammar said: “Lippulaiva is an excellent example of Citycon’s strategy, and we are now taking a big step forward in its implementation.
Kyocera has announced its plans to commence construction of a new research and development centre at its Kokubu campus in Kirishima City, Kagoshima, Japan, in January 2021.
The University of Reading has signed an agreement with affiliates of Commonwealth Real Estate for a long lease of land at the university’s Thames Valley Science Park campus in Berkshire, the UK, for the development of new £200m film studios and creative media campus.
The European Bank for Reconstruction and Development (EBRD) has agreed to provide €450m loan to Ukraine’s state road agency, Ukravtodor, for road infrastructure.
The US-based real estate firm Trammell Crow Company’s (TCC) Phoenix Business Unit, along with its capital partner Clarion Partners, has broken ground of Cowden Logistics Center in Tolleson, Arizona.
UK-based Connected Living London has received approval from the Lambeth Council's Planning Committee for its proposal to deliver 139 new homes for rent.