Browsing: Industry News

Construction of Tokyo Olympic stadium 90% complete set for December opening

Tokyo’s new National Stadium is 90% completed with the opening of the Olympics just over a year away. Media were given a glimpse inside the $1.25 billion stadium on Wednesday. It is located in central Tokyo


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Danish energy developer secures NT$25 billion green revolving loan in Taiwan

Orsted, a Danish energy developer, has secured a NT$25 billion (US$806 million) syndicated green revolving loan facility for its offshore wind farm projects off the coast of Changhua County, central Taiwan. Orsted, one of the companies


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Cambodia building collapse kills 7

PHNOM PENH, Cambodia (AP) — A seven-story building under construction collapsed in Cambodia’s coastal city of Sihanoukville early Saturday, killing seven workers and injuring 21, authorities said. Provincial authorities said in a statement that four Chinese


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Mott MacDonald to act as consultant for Pakistan hydropower project

Mott MacDonald has been appointed as lead consultant for the Tarbela 5th Extension hydropower project. The project, being delivered by the Water and Power Development Authority of Pakistan, will increase the Tarbela Power Plant’s total generating


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Thyssenkrupp Elevator bags huge order at Beijing airport

Beijing Daxing Airport will serve as a second hub for China Southern Airlines. Thyssenkrupp Elevator will supply the new airport in the south of the city with 155 elevators and 22 escalators. The new airport will


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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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