construction International News

Philippines flooded with Chinese contractors
Philippines flooded with Chinese contractors

The Philippines’ huge infrastructure construction program has attracted so much interest from Chinese contractors, that the government has requested assistance from China to screen companies applying for projects.  A combination of Philippines President Duterte’s USD180bn ‘Build, Build, Build’ program and the Chinese One Belt, One Road initiative has created one of the largest infrastructure construction booms in Asia.  The flood of Chinese contractors com Read More


China punishes 31 responsible for deaths of 73
China punishes 31 responsible for deaths of 73

The Chinese government has ordered ‘coercive measures’ on 31 people it has held responsible for an accident on a construction site in November 2016 that killed 73 people.  The deaths were caused by the collapse of a cooling tower at a power plant which was under construction in Southern China. Two more workers were injured and the cost of the incident was estimated at USD15.6 million dollars according to state news agency Xinhua.  A government report says investigator Read More


Myanmar construction trends remain positive
Myanmar construction trends remain positive

A new report on Myanmar’s construction industry predicts a slowing in growth over the next five years following five years of solid positive growth. Timetric’s Construction in Myanmar – Key Trends and Opportunities to 2021 report showed sustained growth in the period 2012-2016 of 10.33 percent, despite a downturn due to political tensions in 2015-2016, that was driven by public sector investments in infrastructure and residential construction projects. 2017-2021 is foreca Read More


WW2 bomb kills worker on Malaysia rail site
WW2 bomb kills worker on Malaysia rail site

Malaysia: An explosion from a World War II-era bomb killed one worker and seriously injured two others on the construction site of a new underground station in the Malaysian capital Kuala Lumpur in October.  A Bangladeshi worker died in hospital after the blast from the unexploded ordnance.  During the Second World War Kuala Lumpur was occupied by Japanese Imperial forces in their conquest of British Malaya, and was bombed by the US air force. The station is one of 11 being bu Read More


Vingroup starts work on car factory
Vingroup starts work on car factory

Vietnam: Vingroup, Vietnam’s largest property developer announced that it had started construction on an enormous car factory in the north of the country in September. The first phase of construction on the 335-hectare site is worth USD1 - 1.5 billion and is part of an overall push by the company to expand into the heavy industry sector in Vietnam. The company borrowed USD800 million from Credit Suisse AG to help fund phase one. Through the construction of this mega car factory, the Read More


China building 30% of world\'s infrastructure
China building 30% of world\'s infrastructure

A new report from Timetric’s Infrastructure Intelligence Center (IIC) shows that projects around the world with Chinese contractor involvement make up 16 percent of the global total by project number. However, the size of China-sponsored projects translates to 31 percent of the total global infrastructure project value, which is USD17.1 trillion as of 2017. The report says Chinese contractors are involved in 1,034 projects outside China, with the majority in Asia, the Middle East and Af Read More


World\'s largest expo trade centre for Thailand
World\'s largest expo trade centre for Thailand

A Thai-Chinese joint venture has announced plans to build the world’s largest expo trade centre on the Gulf of Thailand coast, east of the capital Bangkok. Thai company Best Group and Shenzhen property company Hydoo International are investing USD3bn to build the 2.5 square kilometre Trust City World Exhibition and Trade Centre. When complete in 2020, the facility will host more than 20,000 wholesale shops, 5,000 business-class hotel rooms for traders and tourists, 6,000 less expensive Read More


Philippines to ease foreign ownership
Philippines to ease foreign ownership

Foreign ownership rules in the construction sector are set to be relaxed in the Philippines after the government announced it is changing its constitution to increase limits in a number of sectors. Philippines Finance Secretary Carlos Dominguez made the announcement at a forum for Japanese investors in Tokyo in October, telling them that the government is also reviewing its Foreign Investment Negative List. Constitutional change can only occur after the review and the process is expected to t Read More


One Belt One Road investments under scrutiny
One Belt One Road investments under scrutiny

China’s recent crackdown on capital outflows simultaneously prioritised One Belt One Road initiatives which has resulted in rapid overseas investments and acquisitions, and these are now coming under greater scrutiny by authorities. In August, in response to these fresh outflows and looser restrictions, China’s National Development and Reform Commission (NDRC) announced that it would be implementing guidelines for investing abroad in One Belt, One Road projects to avoid "irra Read More


US Firm Wins Malaysia Mass transit Contract
US Firm Wins Malaysia Mass transit Contract

A US firm has won a lucrative contract on the Klang Valley Mass Rapid Transit (KVMRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line in Malaysia. Jacobs Engineering will provide design consultancy for all the track-work and associated infrastructure, and use building information modeling (BIM) throughout the construction process.  The Dallas company has been targeting transport infrastructure project in Asia and will work with the China Communications and Construction Company (CCCC) and Ge Read More


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