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 University of Plymouth has secured conditional planning approval for its new engineering and design facility, Babbage building, from Plymouth City Council.
Manchester Metropolitan University has announced that the construction is set to begin on the new Science and Engineering buildings in January next year.
Bouygues Construction’s subsidiary VSL International has launched the first phase construction of North-South Commuter Railway (NSCR) in the Philippines.
The UK’s Network Rail has submitted a planning application for a new railway station at Inverness Airport in Scotland to Highland Council.
US-based construction firm Toll Brothers, through its newly formed joint venture, has secured $160m construction financing for new multifamily development in Washington, DC.
Galleries25 has been appointed by Wigan Council to deliver £130m Galleries Shopping Centre redevelopment in Wigan, UK.
French rolling stock manufacturer Alstom has secured a contract to design, build and maintain the transportation system for Toulouse Metropole's third metro line in France.
Birmingham City Council has agreed to form a joint venture (JV) with Lendlease Europe, a real estate and investment group, for the development of £1.9bn Birmingham Smithfield project in the UK.
Larsen & Toubro’s construction unit L&T Construction has been awarded contracts for various projects in India.
US-based real estate firm Hines has begun construction on logistics centre in Hamm-Uentrop, Germany.
A joint venture (JV) between Wates Residential and Havering London Borough Council has commenced construction on the first site of the £1.5bn ‘12 Estates’ regeneration programme in London, UK.
UK-based construction firm Graham has secured a contract to build a new wharf and make land upgrades to secure the Port of Dundee’s future in offshore renewable energy and North Sea Oil and Gas projects.
The Asian Development Bank (ADB) has approved a $123m loan to help build elevated walkways for pedestrians in Manila, the Philippines.