Browsing: Industry News

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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World’s longest undersea tunnel faces challenges as Japan balances bullet trains with freight

As the Seikan Tunnel — a rail link between Honshu and Hokkaido — marked the 30th anniversary of its opening on Tuesday, better coexistence between shinkansen services and freight traffic remains a key challenge At 53.85


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Japan considers barring contractors involved in maglev bid-rigging from bidders’ list

The infrastructure ministry said Tuesday it will consider excluding contractors involved in bid-rigging related to the Tokyo-Osaka maglev train project from its list of designated bidders. Land, Infrastructure, Transport and Tourism Minister Keiichi Ishii, speaking at


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Arrested ex-exec denies maglev train bid-rigging allegations

TOKYO-A former official of a major Japanese contractor under arrest for his alleged involvement in rigging bids for construction work on the Tokyo-Osaka maglev train has denied the allegations. Takashi Okawa, 67-year-old former managing director of


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Two arrested in maglev bid-rigging case

TOKYO-A Kajima Corp official and a former executive of Taisei Corp were arrested on Friday as part of an investigation into the suspected rigging of bids for a Japanese high-speed rail project, prosecutors said. Prosecutors are


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China State awarded $163m contract for Dubai tower

Damac Properties has awarded a $163m (AED600m) contract to China State Construction Engineering Corporation (CSCEC) for the construction of a tower at its Aykon City master development. Located near the Dubai Water Canal, the contract will


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