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MTR hammered over walder payout

Shareholders heaped hot words on MTR Corporation Limited’s management over a golden handshake given to former chief executive Jay Walder and a massive cost overrun due to delayed construction of a cross-border express rail link. The


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Japan to earmark $100 bil for Asian infrastructure

Japan will announce a $100 billion plan to invest in roads, bridges, railways and other building projects in Asia, a report said Tuesday, weeks after China outlined its vision for a new infrastructure development bank in


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Hong Kong: 27 building plans approved

The Buildings Department approved 27 building plans in March – four on Hong Kong Island, 10 in Kowloon and 13 in the New Territories. Ten were for apartment and apartment-commercial developments, four were for commercial developments,


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China to take part in US$10bn Brazil-Peru railway project

China is preparing a preliminary agreement with Brazil and Peru for the construction of a 30bn-real (US$9.97bn) bi-national railway connecting the Atlantic Ocean in Brazil to the Pacific Ocean in Peru. A coast-to-coast railway line, which


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DSSOPT takes heat over Taipa Central Park construction

The Commission of Audit (CA) has heavily criticised the Land, Public Works and Transport Bureau (DSSOPT) over the bungled  management of the Taipa Central Park construction works. CA recalled that the construction project did not meet


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China & Thailand to cooperate in developing important canal

A memorandum of cooperation among various enterprises on the construction of Kra Canal in Thailand has been signed in Guangzhou China. The canal, located at Kra Isthmus, will enable ships to bypass the Malacca Strait so


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Macau: major building boom gets underway

According to the latest statistics released by the Land, Public Works and Transport Bureau (DSSOPT), the number of hotel rooms under construction in the first quarter surged by 65 percent year-on-year, whilst their total construction area


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Macau LRT too many contractors causing strife

The fact that the construction of the Taipa section of the light rail transit (LRT) involves “so many” contractors is one of the “big difficulties” that the government-run project is facing, Transport and Public Works Secretary


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Hong Kong: commercial and residential site fetch HK$4.5 billion

A commercial site and a residential site have been awarded on 50-year land grants at a total premium of $4.5 billion, the Lands Department announced today. The commercial site is New Kowloon Inland Lot No.6313 at


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China Railway bags US$390m Russian high-speed rail contract

Construction firm China Railway Group Ltd said it won a 2.4 billion yuan ($390 million) contract to build a high-speed railway line in Russia connecting Moscow with the city of Kazan. The company, which is aiming


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