Construction of Western Sydney Airport has officially commenced at Badgerys Creek, with Prime Minister Scott Morrison breaking ground at the site today. At the opening ceremony, Morrison talked up the significance of the project, calling it the ‘biggest game changer’ for the city of Sydney since the construction of the Harbour Bridge. The Badgerys Creek…
The redevelopment of the area around London Euston rail station in the UK could be worth close to £6 billion when fully completed, according to the project’s master-developer Lendlease. The Euston redevelopment project was valued as part of Lendlease’s results for the year to 30 June 2018, in which the multinational construction firm recorded an estimated…
Australia’s Prime Minister Malcolm Turnbull has promised a multibillion dollar infrastructure spend ahead of the release of the country’s latest federal budget. The PM unveiled part of a AUS$24.5 billion 10-year road and rail infrastructure package, most notably including the $5 billion rail link connecting Melbourne’s airport to the city. In addition, $400 million has…
China National Nuclear Corporation (CNNC) is in ‘serious talks’ with the Jordan Atomic Energy Comission (JAEC) to build a US$1 billion nuclear reactor in Jordan. JAEC’s chairman Khaled Toukan revealed the news before adding that a formal agreement for the 220MW helium gas-cooled reactor will be signed next year, with the project set to be…
US real estate and investment firm Golub & Company has announced plans to build Chicago’s second tallest skyscraper, in partnership with CIM Group. The 1,422-foot skyscraper will become part of a redevelopment project located on a parking lot East of Chicago’s Tribune Tower. The building, which is currently unnamed, will be approximately 29 feet shorter…
London’s skyline is set to be bolstered by the arrival of more than 500 tall buildings over the next decade, according to an annual survey by New London Architecture (NLA) and GL Hearn. The report found that there are 510 skyscrapers – defined as buildings over 20 storeys – currently in the UK capital’s construction…
Construction work for a huge spoil processing hub has begun at the site of the AUS$6.7 billion West Gate Tunnel project in Melbourne, Australia. The tunnelling hub will incorporate a massive shed to reduce noise and dust and will be connected to the neighbouring Northern portal site by an elevated, covered conveyor belt. The conveyer…
South African engineering and construction company Murray & Roberts (M&R) has rejected a buyout offer from Germany’s ATON GmbH, labelling the approximately US$600 million offer ‘opportunistic’. ATON is already a significant shareholder in M&R, owning a third of the business, and offered to buy the rest of M&R’s shares from shareholders at a cash offer…
UAE-based property developer Azizi Developments has finalised the construction of two apartment buildings worth US$124 million in Al Furjan, Dubai. The Montrell by Azizi ($57.6 million) and the Roy Mediterranean ($67.2 million) were completed in a record time – within 18 months, and are the 11th and 12th completed works in Al Furjan by the…
UAE-based offshore contractor Lamprell has confirmed in a statement that construction work has begun on a joint venture (JV) to build a multi-billion dollar shipyard on Saudi Arabia’s Eastern coast. State-run oil company Saudi Aramco will lead the JV, called International Maritime Industries (IMI), which also includes Lamprell, National Shipping Company of Saudi Arabia (Bahri) and…