Browsing: Industry News

Construction begins on OMA’s Xinhu Hangzhou Prism

The Xinhu Hangzhou Prism by Office for Metropolitan Architecture (OMA) embarks on construction. Architects Chris van Duijn and Michalis Hadjistyllis lead the project, expecting completion by 2020. The project forms the heart of Hangzhou’s Future Tech


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Japan to fund Sri Lankan light rail system

COLOMBO-Japan’s overseas development agency said Monday that it has agreed to lend funds for a new $1.5-billion light rail system for Sri Lanka’s congested capital Colombo. Colombo traffic slows to an average speed of less than


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China to invest $17 billion in world’s longest undersea rail tunnel

An ambitious train rail link, designed to connect the Finnish and Estonian capitals through the bottom of the Gulf of Finland, has attracted €15 billion (US$17 billion) from China-owned Touchstone Capital Partners. Finest Bay Area Development


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Japanese road builders face record price-fixing fine

TOKYO-Japan’s antitrust watchdog will impose a fine totaling nearly 60 billion yen on Maeda Road Construction Co and seven other major road paving material companies for forming a cartel to raise the price of asphalt, sources


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Dutch architects MVRDV reveals plan for produce market in southern Taiwan

The open-air market will not only be an important hub for Tainan’s food supply chain, but also a place for the public to meet, socialize, and relax TAIPEI -MVRDV, the Dutch architecture firm that just announced


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Chinese Company begins $1.6bn Chittagong road tunnel in Bangladesh

Prime Minister Sheikh Hasina yesterday said Bangladesh entered a new level of development with the beginning of constructing a tunnel beneath the Karnaphuli river, which will significantly contribute to the region’s socio-economic progress upon its completion.


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China’s $3.8bn Chongqing horizontal skyscraper nears completion

A staggering 1.12-million-square-meter megastructure is expected to open in the Chinese city of Chongqing later this year. It will consist of eight skyscrapers connected by a gigantic sky bridge. Known as Raffles City Chongqing’s ninth ‘horizontal


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Taiwan: Three highway projects to be completed before next Lunar NY

Three highway construction projects, which cost the nation about NT$146.3 billion (US$4.75 billion), are to be completed before the Lunar New Year holiday next year, the Directorate-General of Highways said yesterday. Two remaining sections on the


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Foster + Partners to design headquarters for Taipei Goldsun HQ in Taipei

Designs for the new headquarters of the Goldsun Group in Taipei have been revealed following a successful Urban Design Approval. Part of the Nangang urban regeneration project, the project seeks to introduce a new mixed-use typology


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Chinese Company Denies Corruption Allegations in CPEC Project

A state-owned Chinese firm has rejected corruption allegations of billions of Rupees made by the Federal Minister for Communication Murad Saeed last week. The minister had claimed to have discovered mismanagement of funds of Rs. 70


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