Local News
Heavy-duty drone ideal for construction unveiled
A Japanese company has unveiled the world’s first drone capable of lifting objects weighing up to 10kgs. The machine has clawed arms which can lift heavy objects and perform operations that such as cutting through cables and flipping switches.
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Indonesia asks Japan to build new rail link
Indonesia has rejected competitive tendering and offered Japan the opportunity to build a USD3 billion rail link connecting Jakarta to Surabaya. The request to Japan to build the 786km railway, which came in a direct letter to Tokyo, follows a bitter and failed bidding contest with China earlier in the year over building Indonesia’s first […]
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Asia-Pacific driving demand for construction machinery
Recent research by Stratistics MRC shows that the fast-developing economies in the Asia-Pacific region are driving record demand for global heavy construction equipment. Their report ‘Heavy Construction Equipment Global Market 2015-2022’ shows that while the market was valued at USD116.48 billion in 2015, they expect to see a compound annual growth rate (CAGR) of 7.34 […]
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Laos rail project brings Singapore link closer
China’s planned rail link stretching all the way south to Singapore took a step closer in September when China Railway Group (CRG) won a USD1.2 billion contract to build a large section of railway through neighbouring Laos. The contract, with subsidiaries of CRG, covers the first three sections of the 414km Boten-Vientiane Railway Project which […]
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Vietnam terminates power station contractors
Vietnam\’s government has terminated the contracts with Russian and Vietnamese companies to build its large-scale coal-fired power station. Russian power giant Inter RAO and state company PetroVietnam have been replaced on the USD4.1 billion construction by another state company Vietnam Electricity (EVN) in the hope of completing the long-delayed project by 2029. With the Vietnamese […]
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D’Seaview replaces contractor mid-build
Singapore\’s HLH Group announced in September that it was replacing the contractor on its flagship D’Seaview project in Sihanoukville. The developer removed Yanjian Group Co Ltd and instead reallocated the USD35 million contract to Chinese state-owned energy and construction firm Sinohydro Corporation Ltd. HLH justified the change in contractors by stating that Yanjian Group Co […]
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Koh Kong resort airport approved
The Dara Sakor Seashore Resort in Koh Kong province will soon be accessible to the world after approval was granted for construction of an international airport in September. Developed by Chinese company Tianjin Union Development Group (UDG), the USD3.8 billion tourism project stretches across a 45,000-hectare land concession with a 99-year lease in Koh Kong’s […]
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Gold Tower 42 resolution reached?
Gold Tower 42 developer Yon Woo Co. Ltd has assured investors for the fourth time in ten years that they will complete construction of one of the capital’s most controversial projects. The Korean company’s legal representatives HBS contacted all investors to invite them to a meeting to discuss their properties where there were offered the […]
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Market uncertain over Kampot mega-project
A company is seeking approval from Cambodian authorities for a project to create two islands off the coast of Kep as part of a USD23.2 billion mega-resort. Pallas Brilliant, the developer behind the project, plans to construct a 4,158 hectare multipurpose tourism resort, called “French Riviera City,” on two specially-built islands in the next five […]
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Minister seeks funding for Phnom Penh AGT
Cambodian Transport Minister Sun Chantol announced in September that he is seeking funding support to build an Automated Gateway Transport (AGT) system in the capital Phnom Penh. More commonly known as a ‘skytrain’, the Minister’s plan follows the completion of a year-long feasibility study by the Japan International Cooperation Agency (JICA) that looked into the […]
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