Industry News

International Construction / Infrastructure

The Australian Government has set a massive budget for infrastructure investment, including major spending on roads
The Australian Government is announcing plans to invest A$24 billion (US$23.73 billion) in transport infrastructure across the country. This will form the second part of the country's five-year Nation Building Plan (NBP). The investment will be used to improve roads, railways and ports between 2014/2015 and 2018/2019.
World Highways – 5/24/2013

Research Suggests Global Construction Industry Optimistic About Revenue Growth in 2014
Investments in IT infrastructure, public and private sector construction projects, and growing demand for sustainable construction should be key growth drivers
forconstructionpros.com – 5/22/2013

CE Barometer April 2013: Market lacks direction
May saw confidence pick up in the European construction sector, with month-on-month activity improving and greater optimism about the future. However, respondents to the CE Barometer survey still said that they had less work than a year ago - a feature of the market that has persisted since February 2012.
Construction Europe – 5/22/2013

Africa needs US$ 93 billion a year to 2020
The African Development Bank (AfDB) said investment of US$ 93 billion a year is needed to 2020 to close Africa's infrastructure deficit.
International Construction – 5/21/2013

Europe's construction output sinks again
Construction output across all European member states (EU27) dropped 7.2% year-on-year in March and 7.9% within the Eurozone, according to the latest data from Eurostat.
Construction Europe – 5/17/2013

Metro Manila's infrastructure projects worth more than US$240mn
Infrastructure projects valued at US$244.23 million (PHP 10bn) have been introduced by the Department of Public Works and Highways (DPWH) in the Metro Manila region of the Philippines.
World Highways – 5/17/2013

Indonesian authorities plan major road expansion
In Indonesia major road development plans are in hand for Papua, with an expansion of the network being set out. The Ministry of Public Works has detailed its strategic programme for Papua which includes the development of 11 roads totalling 37,499km in all.
World Highways – 5/10/2013

Minimum of US$1.99bn for Rio de Janeiro state motorway works
Several motorways in the Brazilian state of Rio de Janeiro will undergo construction works costing at least US$1.99 billion (BRL 4bn) in 2013 as part of the state's economic growth plan.
World Highways – 5/9/2013

New tolled highways planned for South Africa
The South African National Roads Agency (Sanral) is planning the construction of a further five toll roads. A feasibility study is underway for the N12 route connecting Kimberley with Johannesburg, the Limpopo N1 Botlokwa Interchange, the N3 road from Durban to Pietermaritzburg, the N1 connecting Kroonstad to Winburg and a N1 ring road at Musina.
World Highways – 5/6/2013

Mongolian government to invest US$407.87mn in roads in 2013
The Mongolian government has pledged to invest US$407.87 million (MNT 570bn) in road projects in 2013. In May, work will begin on a $3.5 billion 1,000km long high speed road between Altanbulag-Ulaanbaatar-Zamyn-Uud. Due for completion in October 2015, the road will be built on a concession basis. The executor company will own the road from 2015 to 2040, when it will come under state ownership.
World Highways – 4/8/2013