Browsing: Industry News

Chinese firm to invest $800 million on Sri Lanka Port City underground road

COLOMBO- China Communication Construction Company (CCCC) will invest $800 million to build an underground road network to Sri Lanka’s Port City, a $1.4 billion project built on reclaimed land, a government minister said. The plan, for


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Japan, Cambodia sign $90 mil aid agreement

PHNOM PENH-Japan signed a grant and loan agreement with Cambodia on Sunday totaling over $90 million, despite concerns from the international community over Prime Minister Hun Sen’s crackdown on government critics ahead of a July general


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Shenzhen chooses Australian architect’s plan for lush new business district

HASSELL has won a competition for the design of the Qianhai Mawan Mile, a business district for the Chinese “gateway city” of Shenzhen. Stretching over one mile (1.6 kilometers), the masterplan seeks to combine “lush parklands, new cultural buildings, and


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India building city from scratch to challenge Singapore & Hong Kong financial hubs

A new city is being built on barren lands in India’s western state of Gujarat to give foreign investors easy access to its booming economy. Called Gujarat International Finance-Tec City, or GIFT City, it is planned


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Japan pledges ¥100 billion in loans for Mumbai subway

Japan pledged on Thursday to provide India with yen loans of up to ¥100 billion ($940 million) for the construction of Mumbai’s subway system, and nearly ¥50 billion for other infrastructure projects. Foreign Minister Taro Kono


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Bouygues bags €1.5bn contract for Hanoi metro build

French construction group Bouygues signed a 1.5 billion euro ($1.86 billion) contract to finance, build and operate a metro line in the Vietnamese city of Hanoi, the French presidency said on Tuesday. Hanoi’s metro, the first


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Japanese maglev builders charged with bid rigging

COLLUSION:Tokyo district prosecutors said Japan’s four biggest construction firms coordinated bidding to ensure that each won a similar share of the train contracts Prosecutors on Friday pressed charges against four of Japan’s biggest construction companies for


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Work on Taipei’s Tamkang Bridge could begin this year

REPEATED DELAYS:The lack of qualified bidders had hindered the project to link Tamsui and Bali districts in New Taipei City, but a contractor has finally been found Construction of the Tamkang Bridge could begin this year


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Crimean bridge will open to car traffic in May, well ahead of schedule

The bridge connecting mainland Russia to the Crimean Peninsula will open to automobiles in May, six months ahead of schedule. Vehicle crossing will be opened in two stages. Cars and buses will be allowed from May,


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Japan unveils new ‘Supreme’ bullet train

A new high-speed bullet train has been rolled out by the Central Japan Railway (JR Tokai). It will debut in 2020 on the Tokaido Shinkansen line, running between Tokyo and Shin-Osaka. According to JR Tokai, the


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