Browsing: Industry News

Chinese companies to build 400 MW power plant

Electricite Du Cambodge has signed an agreement with two Chinese firms to build a power facility fueled by heavy fuel oil and liquefied natural gas that will be able to generate 400 megawatts. The facility, which


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Russia and North Korea Discuss Bridge Construction and Rajin-Khasan Project

Russian Far East Development Minister Alexander Kozlov met with DPRK Minister of External Economic Relations Kim Young-Jae in Pyongyang on June 7. The former visited Pyongyang to discuss economic and trade cooperation issues in relation to


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China withdraws bid for Greenland airport projects

COPENHAGEN (Reuters) – A Chinese state-owned company has withdrawn its bid to build two airport projects in Greenland, the Sermitsiaq newspaper reported on Tuesday citing a company official. The withdrawal of the China Communications Construction Company


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China unveils 600 kph maglev train prototype

China has rolled off the production line a prototype magnetic-levitation train with a designed top speed of 600 km per hour in the eastern city of Qingdao. The debut of China’s first high-speed maglev train testing


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Belt and Road to boost China’s growth over next four decades

China’s Belt and Road Initiative (BRI) will likely provide significant business opportunities to global economies, according to participants of the 8th China Business Forum in London. They said that the world’s second largest economy, China, is


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Central Japan Railway’s test shinkansen hits 360 kph

A prototype shinkansen of Central Japan Railway Co. (JR Tokai) reached the highest speed ever for the model hitting 360 kilometers per hour, the operator said Saturday, hoping to promote it in overseas markets such as


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Japan to extend $1.2 billion in loans to improve Bangladesh infrastructure

The Japanese government said Wednesday it will extend ¥132.7 billion (about $1.2 billion) in loans to Bangladesh to help the South Asian nation improve its infrastructure. “We will work together for the development of Bangladesh and


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Three dead, two missing after metro tunnel collapse in east China

Three workers have been confirmed dead and two others still missing following a collapse at a metro tunnel construction site in Qingdao, eastern Shandong province, the project’s owner said today, Xinhua reports. Qingdao Metro said the


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ADB Approves $2.75 Billion Support for Malolos–Clark Railway Project

MANILA, PHILIPPINES — The Asian Development Bank (ADB) has approved financing of up to $2.75 billion for the construction of 53.1 kilometers (km) of a passenger railway connecting Malolos, a suburb north of Manila, to Clark


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Civil work contract on Philippines’ Clark Phase 1 signed

Philippines’ Department of Transport (DOTr) and the Taisei – D.M. Consunji Inc. (DMCI) Joint Venture signed the civil construction works for 6 stations of the PNR Clark Phase 1, running on a 37.6-km line from Tutuban,


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