News

Construction works have begun on the Yichang section of China’s new Yichang-Yueyang expressway. Covering 51.8km, the Yichang expressway section will cost around US$613.35 million (CNY 3.82bn).

Kumpulan Europlus (KE) and the Malaysian government have signed a deal for the construction of the West Coast Expressway. The multi-million dollar deal will see KE build the 233km highway.

The Highways Agency in the UK has launched pre-tendering for its Area 9 asset support contract (ASC). The key contract, worth a minimum US$222.56 million (£137mn), covers eight English counties for the next five years. It can be extended by up to a further three years and will come into operation from January 2014. Firms must access pre-qualification documents by 23 January 2013. Maintenance and improvement works include highways in Shropshire, Leicestershire, Staffordshire, Warwickshire, Derbyshire, Worces

Bauma 2013 News Article

Bauma 2013 News Article

Bauma 2013 News Article

The Brazilian Bank for Economic and Social Development (BNDES), Banco do Brasil (BB) and Caixa Economica Federal banks will form an investment fund to participate in future federal roadway tenders. The move, announced by the Brazilian government, aims to bring more companies into the bidding process by offering more diverse financial solutions. After a winner is declared, the concessionaire will decide whether or not the fund will participate in the concession. The fund may never have a share greater than 4

Around US$464.5 million is due to be spent building or upgrading more than 520km of roads in Uzbekistan during 2013, according to national road construction company Uzavtoyul. The extra-budgetary regional road fund will pay for the works.

China Henan International Corporation has secured a US$ 211.75 million contract from the Road Development Agency (RDA) of Zambia to design and build the 175km Mansa-Luwingu road. The 40-month contract includes 30km of township roads in Luwingu and Mansa. Works are due to start in April 2013.

Netivei Israel plans to invest more than US$1.63 billion in its road development and safety projects in 2013 – breaking its previous record in 2012 of over $1.47billion. By the end of 2012, the company completed the construction of five new interchanges, and began building 13 additional interchanges. It also completed the upgrading of 160kms of highways, through the paving of new roads, expanding existing roads and adding interchanges. Next year, Netivei Israel will begin the construction of 19 new interc

Austrian construction group Strabag has maintained its Standard & Poor (S&P) investment grade rating of BBB – while also retaining its stable outlook. Explaining its decision, S&P cited Strabag’s well-diversified and vertically integrated business, its access to raw materials, and the group’s adequately high liquidity. However, S&P says Strabag is in a cyclical and intensely competitive market with high project risks and low margins. According to S&P, Strabag currently has sufficient room to manoeuvre regar

CNH Global says it’s entering the ‘next phase’ of agreements with Kobelco Construction Machinery, following an ongoing strategic review of its construction equipment business. Under the new, non-exclusive licensing and supply agreements, which took effect on January 1, 2013, CNH and Kobelco Construction Machinery are unwinding their joint ownership and equity participations in all the companies formed in connection with their previous alliance and eliminating any geographical exclusivity rights associated w

Designing structures and pavements to accommodate warmer weather and more extreme temperatures. On October 22nd, IRF held a notable workshop on environmental protection and the impacts of climate change in Cordoba, Argentina, in conjunction with the XVI Argentine Congress of Road Administration and Traffic. The workshop addressed a topic of key concern to transportation planning and design professionals around the world. The discussion was animated by guest panellists Professor Ram M Pendyala and Gordon Rex

In Europe leading transport research specialists are calling for the Horizon 2020 budget for Smart, Green and Integrated Transport to be maintained at the €7.69 billion proposed by the European Commission. These specialists comprise European associations representing industry, research providers, academia, infrastructure, operators and users in the road, rail, air and waterborne transport sectors. These are calling for an appropriate budget share for transport research in the future Horizon 2020 Framework P