Browsing: Industry News

JR Central official allegedly leaked maglev bidding info to Obayashi

An official of Central Japan Railway Co is suspected of leaking information to construction firm Obayashi Corp during the tender process for maglev train-related construction work, sources close to the matter said Tuesday. The special investigation


Read More
Prosecutors investigate Obayashi over maglev train project

TOKYO Prosecutors have raided major construction company Obayashi Corp’s headquarters and other locations to investigate possible fraud in bidding on contracts for a 9 trillion yen maglev train project, people close to the matter said Saturday.


Read More
Disney to open Japan-themed park in Tokyo

DISNEY is set to open a third amusement park in Japan that will be uniquely themed after Japanese heritage and culture. Currently, the country boasts two Disney theme parks – Tokyo Disneyland and Tokyo DisneySea. According


Read More
Taiwan to raise tender goals to win more South East Asia infrastructure projects

The Executive Yuan is prepared to raise its tender goals for New Southbound Policy infrastructure projects by 10 percent, as the goals for this year have already been surpassed, sources said yesterday. Concerned by predictions of


Read More
Media get first glimpse of construction of maglev line station at Shinagawa

The maglev station currently being built at Shinagawa Station in Tokyo was opened to the media for the first time Friday since work began last year. Central Japan Railway Co (JR Tokai) showed media the construction


Read More
HCM City’s Metro Line No.1 project in desperate need of capital

The city needs VND5,442 billion this year alone to finance the construction of Metro Line No.1 linking Ben Thanh Market in District 1 and Suoi Tien Park in District 9, but the amount allocated by the


Read More
Japan signs $1bn loan for Java port

JAKARTA — The Japanese government on Monday signed a 118.9 billion yen ($1 billion) loan to Indonesia for the construction of a new sea port in West Java that is expected to boost the manufacturing sector


Read More
‘Shortest Asia-Europe rail link’ launched in Azerbaijan

ALYAT, Azerbaijan: Azerbaijan, Georgia and Turkey on Monday launched a rail link between the countries aimed at cutting total journey times from China to Western Europe while bypassing Russia. The 826km railroad runs from Azerbaijan’s capital


Read More
Vietnam running out of construction sand

Vietnam is in danger of running out of construction sand due to over-exploitation and rapid development, according to the Ministry of Construction. As Vietnamese cities continue to experience a construction boom, government officials predict the country


Read More
Chinese construction group to buy Canada’s Aecon for $1.2 billion


Read More