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Mexico cancels Plan Puebla-Panamá projects
Mexico is to cancel 95% of its Plan Puebla-Panamá (PPP) projects to make its integration objective more viable, reports local paper Diario de Xalapa.
Iraq mixed-use project planned
United Arab Emirates (UAE) developer Damac Properties has announced plans for a US$ 15 billion development in Iraq's Kurdistan province to start by the end of this year.
US$ 200 billion Red Sea link
Dubai-based Middle East Development is to spearhead a US$ 200 billion project next year to connect Africa to the Arabian Peninsula with a bridge across the Red Sea, according to Reuters.
Italian equipment sales slip
Sales of construction equipment in Italy fell by -9,3% in the first quarter of the year, compared to the same period in 2007. The sales volume for the first three months of the year was 5954 machines.
Eurostat figures show EU construction still growing
New data from Eurostat shows construction output in Europe was +2,1% higher in the first quarter of 2008, compared to Q1 2007. However, month-to-month and quarter-to-quarter data paints a more mixed picture.
Mexico's Farac programme invites bids for third highway package
Mexico's transport and communications ministry (SCT) will be inviting bids for a third highway package under the federal road re-concession program Farac, according to a local news report.
IDB approves financing deal for São Paulo's Metro Line four project
A two-phase US$ 128.9 million finance deal has been approved by the Inter-American Development Bank (IDB) for the São Paulo Metro Line four project, according to a news report.
Plan to connect Dubai and Abu Dhabi with high-speed rail link
The possibility of constructing a high-speed rail link connecting Abu Dhabi with Dubai is being discussed according to the chairman of the UAE capital's Department of Transport (DoT).
Former Boskalis chief gets Heijmans top job
Rob van Gelder will take over as chairman of Heijmans' Executive Board from 1 July following the resignation of Guus Hoefsloot. Joep Brentjens has also stood down as chairman of the company's Supervisory Board. He will be replaced from 1 July by André Olijslager, a member of the Supervisory Board since April last year.
Loan worth US$ 110 million proposed for South American road scheme
Argentine president Cristina Fernández and the Andean Development Corporation (CAF) have signed a US$ 110 million loan for the Argentina-Paraguay road integration programme, the government said in a statement.
CRH names new bosses
CRH has appointed Myles Lee as group chief executive designate. He will take over at the head of the construciton materials giant at the end of this year on the retirement of current chief executive Liam O'Mahony.
Bilfinger Berger’s FM expansion
Bilfinger Berger has doubled the size of its facilities management (FM) business with the acquisition of M+W Zander's FM division from Austrian investment company Victory Industriebeteiligungen Group.
Record Russian investment
Russian Prime Minister Vladimir Putin has approved a seven-year, US$ 570 billion programme to overhaul and expand the country's transportation infrastructure. It is will be the largest infrastructure building scheme Russia has seen since the collapse of the USSR.
IDB approves Bahamas road loan
The Inter-American Development Bank (IDB) is to provide a US$ 100 million loan to The Bahamas to support measures designed to improve road transport links on the island of New Providence. New Providence, home to 69% The Bahamas population and its capital city, Nassau, has 1600 km of roads. The majority are paved and in an "adequate condition", but the network's capacity is insufficient for its growing volume of traffic.
Australian construction growth highlights need for coordination
Record growth in Australia's engineering and commercial construction sector's has highlighted the need for closer coordination between the government, unions and materials suppliers, according to the latest Australian Constructors Association (ACA) Construction Outlook survey by the Australian Industry Group (Ai Group).
Brisbane tunnel go-ahead
The BrisConnections consortium has been named preferred tenderer for Australia's largest current road project and the country's biggest ever Public Private Partnership (PPP) scheme. The Airport Link project has a total value of AU$ 4.8 billion (US$ 4.49 billion) and includes a 6.7 km road tunnel, the longest in Australia.
EIC takes stand on corruption
European International Contractors (EIC), a trade association that represents European contractors working outside their national boundaries, has published a draft position paper on corruption prevention.
Komatsu hybrids available from June
June will see the world's first commercially available hybrid construction machine go on sale in the shape of Komatsu's PC200-8 Hybrid excavator. The company says the machine consumes -25% less fuel on average than its standard 20 tonne crawler excavators.
Lafarge buys L&T Concrete
Lafarge has announced the € 226 million (US$ 350 million) acquisition of L&T Concrete from Indian industrial conglomerate Larsen & Toubro. Lafarge says the deal will give it a 25% share of India's ready-mixed concrete market.
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