Finance & Funding

The Detroit River is short, only 45km, and narrow in places, less than 1km. Around a quarter of the annual $658 billion Canada-US trade crosses over the river. That’s $160 billion worth of goods trucked each year between Detroit in the US state of Michigan and the Canadian city of Windsor in the province of Ontario - the Windsor-Detroit Corridor. There are several types of crossings, but the vast majority of commercial traffic must use the 2.3km Ambassador Bridge (see box). A new bridge was initially prop

No sooner had senior managers told a roomful of journalists that corporate restructuring is on track, news followed that Volvo Group’s chief executive had been replaced Olof Persson fell from his perch following pressure from shareholders' dissatisfaction over the group’s weak financial performance in recent years. Volvo group plans to appoint Scania’s head Martin Lundstedt to the role staring in October. Until then, Volvo Group’s chief financial officer Jan Gurander will be standing in. Lundstedt and G

Proposals to construct the Sunda Strait Bridge are not feasible, according to the Ministry of Energy and Mineral Resources of Indonesia. Safety risks from earthquakes, tsunami, high tides and extreme weather conditions make the project impractical. A US$75.46 million feasibility study was carried out for the project. This pointed out that the bridge is at a high risk from earthquakes and tsunamis due to its vicinity to the Anak Krakatoa volcano.

The Liebherr Group has seen a steady financial performance in 2014, with turnover reaching a healthy €8.823 billion, similar to the previous financial year. The company continued to invest in developing its operations, spending €816 million in expanding and modernising its manufacturing facilities and also strengthening the sales and service organisation. The number of employees has now risen to 40,839 in total. The €8.823 billion turnover was slightly lower, 1.6%, than for the previous financial year howev

A joint venture featuring John Holland, Samsung C&T and Leighton Contractors (Leighton) has secured a deal to build and design Sydney’s M4 East motorway. The M4 East forms part of a project to build the WestConnex road tunnel, completion of which is expected in 2023. The M4 East is planned to be ready in 2019, while the WestConnex road tunnel is the biggest transport infrastructure of its kind in Australia. The deal won by the joint venture partners is valued at US$2.1 billion. The WestConnex project is pla

Several major infrastructure projects are being prioritised in Indonesia by the country's government. In all 10 infrastructure projects are seen as so crucial for the country’s development that they will be pushed forward, so that work can commence during 2015. Because of the importance of the projects, companies may be appointed directly, instead of a formal tender being issued. The Indonesian Government is setting up a framework to provide legal protection for those ministries trying to speed up infrastru