News

Global excavator demand will exceed $50 billion in 2021, according to a new market report by the US-based consultancy Freedonia.

China’s Guizhou Province is carrying out a major programme of road network expansion and development works. In all the plan calls for the construction of 97,000km of rural roads, which are being built in a bid to boost connectivity. Funding is being provided by the Bank of Guizhou and Bank of Guiyang in the shape of a series of loans.

Oman has seen an improvement in its road safety standards for the January-July 2017 period. According to data from the country’s National Centre for Statistics and Information (NCSI), there was a reduction in road crashes to 2,349 incidents by the end of July 2017, a fall of 16.5% from the 2,814 recorded in the same period in 2016. Meanwhile the number of serious injuries from road crashes dropped to 374, a fall of 5.8% from 398 in the period. And road fatalities also fell slightly from 246 to 244.

Serbia is in talks with China for construction of the Preljina - Boljare section of the pan-European Corridor XI. The section will connect Corridor XI to Corridor X. Corridor XI will run from the Montenegrin port of Bar to Belgrade and on to Bucharest, Romania. Corridor X links Salzburg, Austria, with the Greek Aegean port of Thessaloniki port, via Croatia, Slovenia, Serbia and Macedonia. This includes the construction of a motorway bypass of Belgrade.

The cost for Romania’s newest bridge project over Danube River will likely be around €500 million, according to the latest media reports.

The Vietnamese city of Hanoi is set to benefit from a series of bridge construction projects, which are intended to reduce the city’s chronic traffic congestion. These new bridges will span the Red River and Duong River, which flow through the city. The projects are being planned by the Hanoi city authorities and also include the construction of link roads.

Thailand’s poor road safety standards continue to be a cause for concern. In the time between January 1st 2017 and August 26th 2017, there are early indications that there were 8,644 reported road deaths in the country. Thailand’s poor road safety standards continue to be a cause for concern. In the time between January 1st 2017 and August 26th 2017

LiuGong chairman Zeng Guang’an was recently invited to discuss manufacturing upgrades and economic restructuring with Chinese premier Li Keqiang. This came when the Chinese premier Li Keqiang presided over a government meeting on manufacturing upgrades and economic restructuring in Beijing, according to China’s official Xinhua News Agency.

Germany has seen an increase in road deaths during the first six months of 2017. The official figures show more than 1,500 people were killed in road crashes in this time period, an increase of 6.2% from the first six months in 2016. The number of road crashes in Germany also increased by 2.7% to 1.28 million for the first six months of 2017 when compared against the same period in 2016.