News Archive
Costs in Sichuan could exceed $20bn
16 May 2008
The disaster modelling firm AIR Worldwide has estimated that the cost of the 7.9 magnitude earthquake, which has killed more than 15,000 people in China’s Sichuan province, could exceed US$20 billion (£10 billion).
Vinci on board for Qatar-Bahrain bridge
14 May 2008
Construction of the Qatar-Bahrain causeway, at 40 km said to be the world’s longest bridge, is due to start next year.
Dubai firm eyes up London developer
14 May 2008
Minerva, the developer behind London’s St. Botolph office development (pictured), is said to be an acquisition target for Dubai World.
KBR goes industrial with BE&K purchase
14 May 2008
Houston’s KBR, the fourth-largest general contractor in the US, has increased its presence in the industrial construction sector by buying the privately-owned BE&K for $550 million (£282 million).
Devastation inflates bulldozer shares
13 May 2008
In Tokyo, shares in bulldozer and other heavy equipment makers rose on expectations of higher demand due to the cleanup and rebuilding from the earthquake that has devastated China’s Sichuan province.
Growth expected ‘til 2010 despite looming inflation
7 May 2008
The price of new construction work in the UK rose sharply in the fourth quarter of 2007 with tenders rising well ahead of general inflation, according to surveyors.
UK construction giant set to buy Blackpool airport
6 May 2008
Balfour Beatty said today that Regional and City Airports (RCA), its specialist airport investment and development group, has agreed to acquire 95% of Blackpool International Airport in the UK for £14 million in cash.
China pushes for transparency on land deals
1 May 2008
From today, local government officials in China must allow greater public scrutiny into land acquisitions for real estate development, according to the official news agency Xinhua.
Beijing on track to success
30 April 2008
There are only 100 days to go and Beijing Olympic organizers and the IOC are confident that with venues such as the National Stadium (pictured) finished or winding down fast, everything’s going to be fine on the night.
Burj builder awarded controversial Russian tower
29 April 2008
Arabtec Construction said Sunday that it had been issued a ‘letter of award’ from Gazprom Neft and the Mayor of St Petersburg to build the controversial, US$2.7bn Okhta Centre in Russia’s second-largest city.
