Dutch port operator APM Terminals is set to develop a new trans-shipment terminal at the Tanger Med 2 port complex in the Moroccan city of Tangier.Estimated to cost €758m, APM Terminals MedPort Tangier will have annual capacity of 5m TEUs, increasing the port's total annual throughput capacity to over 9m TEUs. It will feature the latest technology and have up to 2,000m of quay length, along with the technology pioneered at the APM Terminals Maasvlakte II Rotterdam terminal. APM Terminals already operates the APM Terminals Tangier facility at Tanger Med 1 port. The 30-year concession of APM Terminals MedPort Tangier at Tanger Med 2 port will complement the current operations of the existing APM Terminals Tangier facility.The new terminal is scheduled to commence operations in 2019.APM Terminals CEO Kim Fejfer said: "Terminals MedPort Tangier will bring important innovation and future capacity into the West Med market on one of the world's most strategic seaways - the Strait of Gibraltar."
The construction unit of Larsen & Toubro (L&T) has won contracts worth INR22.71bn ($343.1m) across its various businesses.L&T's buildings and factories business has secured a turnkey contract valued at INR15bn ($226.6m) to build a mixed-used development in New Delhi.The contract will include the construction of a convention centre, a business centre tower and two hotel towers as part of the overall development. L&T's scope of work will also involve civil, structural, architectural, mechanical, electrical, plumbing and finishing works.L&T has also won an INR4.5bn ($68m) contract for the expansion of Hyderabad's Air Force Academy. The project will include the extension of the main runway and parallel taxi track, widening of tracks, earth filling and allied works.The company’s power transmission and distribution business has secured new orders worth INR3.21bn ($48.4m) in both the domestic and international markets. On the domestic front, the company has received an EPC order for 765kV double circuit Bhuj Banaskanta transmission line (part-1) from Power Grid Corporation of India Limited, which is associated with Green Energy Corridor.In the overseas sector, L&T has won a contract from Electricity Generating Authority of Thailand (EGAT) for the engineering, procurement and construction of 500kV Transmission Line for Thai/Laos Border Crossing.
Budimex, a subsidiary of Ferrovial Agroman, has secured a project worth about €175m to design and build the Olsztyn bypass in north-eastern Poland.The scope of the work will include the construction of 14.7km of the S51 highway as it passes south-east of the city.It will also involve the construction of two intersections and access roads, 16 overpasses (one for the railway line), two bridges and a pedestrian overpass.Further, Budimex will also improve some other roads in the municipality. The work on the project is anticipated to be completed in 28 months, excluding the winter time.Recently, Budimex has increased its backlog of road projects with the award of two sections of the S7 (between Nowy Dwor Gdanski and Kazimierzowo and in Ostroda), two sections of the S6 (Ploty-Kielpino and Goleniow-Nowogaid), two segments of the S17 (Garwolin-Gonczyce and Gonczyce to the Lublin-Warsaw provincial border) and the Kepno bypass, on the S11. It has also been selected to build the depot for the light railway system in Olsztyn.
MMC Gamuda KVMRT (T) (MGKT) has won a MYR15.47bn ($4bn) contract from Mass Rapid Transit Corporation (MRT Corp) for an Underground Works Package for the MRT Sungai BulohSerdang-Putrajaya (SSP) Line in Malaysia.The SSP Line is 52.2km in length, of which 13.5km will run underground. It will have 37 stations, including 11 underground stations.The Underground Works Package involves the design, construction and completion of tunnels, underground stations and associated structures such as portals and escape shafts for the SSP Line’s 13.5km underground alignment from the Jalan lpoh North Escape Shaft to the Desa Waterpark South Portal.MRT Corp CEO Dato’ Sri Shahril Mokhtar said MGKT had a proven track record in carrying out tunnelling and other underground works in the challenging geology of the Klang Valley. “The working relationship between MRT Corp and MGKT began with the MRT Sungai Buloh-Kajang Line. This good relationship can now continue with the SSP Line.”
Goodman Group has commenced the second stage of development of the $1.5bn Goodman Business Park in Chiba Newtown, Japan.
Ford Motor Company is investing $1.6bn in a new plant in Mexico's San Luis Potosi State in a bid to increase production of small cars.
An Egyptian-Chinese alliance has broken ground on Egypt’s new administrative capital which is estimated to cost $45bn.
Global construction output will reach US$10 trillion by 2020, driven by Asia-Pacific and emerging markets, according to a new report from Timetric’s Construction Intelligence Center.The Global Construction Outlook 2020 report forecasts that expansion will increase by an annual average of 3.4% from 2015 to 2020, leading to the overall market value growing from $8.5tr to $10tr. In the previous five years annual average growth was 2.4%, with output increasing from the 2010 total of $7.5tr.Emerging markets will account for more than half of the global construction output in 2020, rising to 51.9% from its 43.9% share in 2010, despite the annual average rate of growth slowing to 4.2%, from 5.2% in 2011-2015.Growth in the Asia-Pacific region is set to slow, due in part to the slowdown in China’s construction sector, exacerbated by a glut of new residential property being completed. However, the region will still account for the largest share of the global construction industry, with South-East Asia investing heavily in new infrastructure projects funded by private investment.Western European markets will continue to recover, the report states, although investor confidence is fragile due to ongoing troubles in the Eurozone, and the crisis involving Russia and Ukraine. The German construction industry will remain slow, due partly to the government’s focus on austerity.
Mayo Clinic is set to invest $100m in major construction projects at its Florida campus in 2016.Mayo Clinic will start constructing a destination medical building in mid-2016. The facility will provide integrated services needed for complex cancer, as well as neurologic and neurosurgical care.Initially, the building will have four floors, covering an area of 150,000 sq ft, with the potential for 11 more levels. Two floors will be devoted exclusively to haematology and oncology care, one floor for neurology and neurosurgery, a chemotherapy area, and spaces for training residents and fellows.Once opened, the building is expected to serve more than 126,000 patients in the first year alone. The staff strength of the haematology and oncology department will increase by 50%. The project will also enable the hiring of 12 new neurologists and neurosurgeons.Mayo Clinic has said that another construction project slated to commence this year on its Florida campus is a positron emission tomography (PET) radiochemistry facility.
Metal Container Corporation (MCC), a subsidiary of Anheuser-Busch, has started construction on a $175m aluminium bottle line at its facility in Jacksonville, Florida.The new move is part of the company’s strategy to improve production of the Budweiser and Bud Light aluminium bottles.Anheuser-Busch has been producing aluminium bottles since 2013. Jacksonville will be the second MCC facility to produce them. Anheuser-Busch has also operated a brewery in Jacksonville since 1969. The project is expected to create about 75 new jobs at the facility.MCC president Dave Taylor said: “Since it launched in early 2014, the aluminium bottle has become overwhelmingly popular with beer drinkers, and we are proud to break ground on a new line in Jacksonville that will further expand production of the popular bottles, while adding jobs.“The innovative, high-demand aluminium bottles will be enjoyed by fans as the 2016 baseball season and the busy spring and summer beer-selling seasons begin.”
Alliant Energy has received a verbal approval from The Public Service Commission of Wisconsin (PSCW) to begin construction on its Riverside Energy Center expansion project near Beloit, Wisconsin.The Riverside Energy Center expansion was first announced in late 2014. It will be built near Alliant Energy’s existing 675MW, natural gas-fired generating station.The project is valued at $700m, excluding transmission and AFUDC costs. It will substitute about 640MW of older Wisconsin coal and gas units and once completed will be powering more than 535,000 homes.Riverside Energy Center expansion project is scheduled to break ground later in 2016 and it is expected to be operational by early 2020. It will create more than 1,000 construction jobs in the region.The PSCW approval is contingent on Alliant Energy obtaining other state and federal permits for the project.Alliant Energy chairman, president and CEO Patricia Kampling said: “This is a major step forward as the Riverside project is a critical part of our mission to provide reliable, cost-effective energy to our customers for many years to come. “This highly efficient generating station will modernize our generating operations and further our transition to cleaner energy sources.”
UAE-based Engineering Contracting Company (ECC L.L.C.) has secured a contract worth AED687m ($187m) from Dubai Islamic Bank (DIB) to build the Badr Project Phase 1 on a DIB-owned land in the UAE. The project forms part of a self-contained residential community that includes five distinct zones with apartment buildings, as well as a number of villas and other community buildings and recreational facilities.DIB said that the Badr project will have a Mediterranean theme, inspired by elements of Andalusian, Spanish and Italian architecture.With a total built-up area of 13.8m sq ft, Badr Project will be developed across five phases. First phase will have a built-up area of 2.2m sq ft and is anticipated to be completed by 2018.Phase 1 is located centrally within the overall project adjacent to a central park with mixed-use and retail facilities. DIB managing director Abdulla Al Hamli said: “Following a thorough tender process to identify the right construction partner, we selected ECC L.L.C. as the lead contractor to bring the Phase 1 of this project to completion. “With regard to Badr, we are confident that given its location, quality of project, attractive price points, it will be high on the priority list of investors.”
The European Investment Bank (EIB) is set to offer £500m to improve the power transmission network in Scotland.The project will include a 1,200MW subsea cable between Spittal in Caithness and Blackhillock in Moray. It aims to upgrade connections between wind, wave and tidal renewable energy schemes and the national power network. Scottish Hydro Electric Transmission, a wholly-owned subsidiary of SSE, is building the project, which is due for completion in 2018. The company is investing over £1.1bn in the project.Once operational, the new link is expected to supply equivalent electricity to meet the needs of about 2m Scottish residents. The project is anticipated to create 600 construction jobs.EIB vice president Jonathan Taylor said: “Our strong partnership with SSE over many years demonstrates our firm commitment to support ambitious energy investment that creates jobs and benefits local companies.”
The government of Canada has announced an investment worth over CAD170m ($131.2m) to protect and preserve Parks Canada’s five historic canals in Quebec.Parks Canada, an agency of the government of Canada that is operated by the Minister of the Environment, will use the funding for projects including reconstruction work on the walls of the Lachine Canal, on the lock of the Carillon Canal, and on the locks and bridges of the Chambly Canal.The investment will be used to upgrade and reconstruct heritage buildings such as the Chambly Canal superintendent’s house and to construct structures that preserve biodiversity, such as the Vianney-Legendre Fish Ladder on the Saint‑Ours Canal. Further, service areas and footpaths will be constructed for the Sainte-Anne-de-Bellevue Canal.Minister of environment and climate change Catherine McKenna said: “Through this significant investment, our government is protecting and preserving these treasured places, while supporting local economies, contributing to growth in the tourism sector, and enhancing the charm and attractiveness of these heritage sites.“I encourage Canadians to visit and experience Parks Canada’s special places and to enjoy the outdoors, while learning about our rich history and heritage.”
A joint venture between Skanska and BAM Nuttall has secured a contract from Network Rail to build the new Ordsall Chord project in Manchester, UK.The project will connect Manchester Victoria and Manchester Piccadilly for the first time, helping to deliver faster and more frequent train service. It forms part of the Northern Hub project to enhance railway services across northern England.The contract runs from 2016 to 2019. Skanska’s share in the contract will be more than £74m, which will be included in order bookings for Skanska UK in the first quarter of 2016.BAM Nuttall sector director Alan Cox said: “This alliance continues a long association we have had with the railway in the North West and we are delighted to be creating such an important new link with an iconic structure that will enrich the railway heritage and passenger experience in the whole region.”Skanska managing director James Richardson said: “This is a significant part of Network Rail’s plan to stimulate economic growth in the north of England and Skanska is delighted to be part of the alliance delivery team helping to achieve this goal.”
Bangladesh-China Power Company (BCPCL) has signed a $1.56bn EPC contract with a Chinese consortium for a 1,320MW coal-fired power plant in Bangladesh.BCPCL is an equal stake joint venture between North-West Power Generation Company of Bangladesh and China National Machinery Import and Export Corporation. The Chinese consortium includes First Northeast Electric Power Engineering Company (NEPC) of China and China National Energy Engineering and Construction Company (CECC).The plant will be located on a 397-hectare site at Payra in Patuakhali district, about 204km south of Dhaka, near Payra maritime port.It will have two units of 660MW capacity each. The first unit is expected to supply electricity by April 2019, while the second one will start generation six months later.The project is a part of Bangladeshi government's plan to construct a series of coal-fired power projects to produce 20,000MW electricity by 2030. The EPC contractor is slated to arrange the project fund from the Chinese banking system as credit.
Westminister Council has approved a £1bn plan to redevelop the Whiteleys shopping centre in west London.A joint venture between a Meyer Bergman-advised fund and Warrior Group has submitted a planning application to Westminster City Council redevelop the former Whiteleys department store in Bayswater.Designed by Foster + Partners, the mixed-use project will include more than 500,000 sq ft of homes and shops built behind the existing 1911 facade.It will include the construction of more than 100 homes, a mixture of apartments and townhouses. These will be arranged around an inner courtyard with new retail units, a boutique hotel, gym and other enhanced leisure facilities, including a new cinema at basement level.
China Power Engineering Consulting Co. (CPECC), a subsidiary of Energy China, has started construction on the 1,200MW Hai Duong Thermal Power Plant in Vietnam.The project will involve an investment of around $1.87bn. CPECC holds 70% stake in the project, while Jaks Resources Berhad has the remaining 30% stake.It is located in Hai Duong Province, 60km away from Vietnam’s capital city Hanoi. The construction of the power plant includes two 600MW subcritical generating units and four circulating fluid bed boilers. The thermal power plant is being constructed in a build-operate-transfer (BOT) model, with a construction period of 54 months. The concession period of the BOT contract is 25 years.Within the concession period, profits from selling electricity will be divided among the shareholders in proportion to the number of shares owned. At the end of the concession period, the plant will be transferred to Vietnam’s Ministry of Industry and Trade.
Transatlantic BDR (TBDR) and the Tema Metropolitan Assembly (TMA) backed by Ghana’s government have entered into a long-term structured partnership to develop a $6.5bn oceanfront leisure project in Tema.The project will include a 60,000-seat FIFA-certified football stadium along with commercial, retail and residential mixed-use accommodations targeting cross-border corporations and regional companies.It will also improve the ailing infrastructure of the region. Infrastructure investments will include new roadways, a light rail system expansion, renewable energy, and a 6G wireless communication network.TBDR CEO Uduak Udofia said: "This privately-funded partnership with the Ghana government marks an aggressive outlook taken by the part of officials to establish the country as an international destination, not just for leisure but for global qualified investors and entrepreneurs to participate in the region's fast-paced economic growth. TBDR is cultivating a diverse partner and investor base for optimal success.”
Dominion Virginia Power has received approval from the Virginia State Corporation Commission to build a $1.3bn natural gas-fired power plant in Greensville County, Virginia.Greensville Power Station will be constructed on a 55-acre site that is situated on either side of the Greensville/Brunswick County line. It will generate 1,588MW of electricity, enough to supply to 400,000 customers.The plant will be just a few miles away from Dominion's Brunswick Power Station, which is expected to be fully operational in April 2016.The power plant will have low carbon intensity as it will utilise clean-burning natural gas, combined cycle technology and competent control technology to reduce emissions. It will also have lower water usage that will minimise the impact to rivers and streams.Construction of the plant is scheduled to begin later in 2016. The project will create over 1,000 construction jobs and about 45 full-time vacancies once operational in 2019. Dominion Generation Group CEO Paul Koonce said: "This project will ultimately bring low cost, reliable electricity to our customers while saving them $2bn over the life of the plants' operation, in addition to providing a major economic impact and good-paying jobs for Southside Virginia."