Construction Focus
EU Makes First €15m Investment in Hyperloop
The European Commission has approved €15 million for a Dutch engineering spin-off Hardt Hyperloop to study and develop the ultra-fast transport concept known as hyperloop, according to GCR on 25 October. Tim Houter, the co-founder of Hardt, said in a press statement it is the first time that the EU invested directly in such a project. “It’s great to have now gained the trust of the European ...
Read MoreVietnam Approves US$10.5bn Budget to Build & Upgrade Over 4800km Railway System
The Vietnamese government has approved a budget of US$10.5 billion to build and upgrade16 railway lines with a total length of 4,800km nationwide over the next 10 years. The plans, announced by Deputy Prime Minister Le Van Thanh, envisage the renovation and upgrading of seven lines with a total length of 2,400km and the construction of nine new routes with a similar length of track, the Global ...
Read MorePropertyGuru Asia Real Estate Summit Announces its ‘Data Revolution’ & Speaker Line-Up for 2021 Virtual Edition
Global experts will deliver insights and practical studies on PropTech, smart cities, and sustainable development • Now marking its seventh year, the virtual summit will open on 8 December 2021 during ‘PropertyGuru Week’ until 8 January 2022 • This year’s agenda will focus on the importance of data science and innovation in real estate, as well as the economic recovery and reinvention of marke...
Read MoreAPSARA Authority Approves Over 390 Construction Projects in Angkor Park in Jan-Sept
From January to September this year, the Department of Land and Habitat Management in the Angkor Park of APSARA National Authority has given construction permits to a total of 392 families to build their new homes within the Angkor Archaeological Park. According to the announcement of the APSARA Authority on 20 October, the permissions were granted for 61 cases in January, 73 cases in February,...
Read MoreFirst China-Laos High-Speed Train Arrives in Vientiane
The first high-speed passenger train connecting China and Laos was delivered to its operator in the Lao capital on Saturday with the plan to officially begin operation on 2 December, the National Day of Laos. The test runs for the train are also expected to begin soon before the official opening day, reported CGTN. The train is an Electric Multiple Unit (EMU) type which will run on the newly...
Read MoreConstruction an Engine of Global Economic Growth in Next Decade, says Global Forecast
New research has forecasted that the construction sector will be the main engine of global economic growth outpacing manufacturing in the decade to 2030, with output expected to be 35% higher than in the ten years to 2020, reported GCR. A forecast conducted by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter revealed that the annual growth of construction will be at 3.6% be...
Read MoreBentley Systems and SMRT Trains Collaborate to Improve Safety and Reliability of Metro Rail Services in Singapore
The world’s leading infrastructure engineering software company Bentley Systems and renowned Singaporean Mass Rapid Transit (MRT) operator SMRT cooperation’s business arm Strides Engineering have signed MoU to jointly market a rail predictive maintenance solution in the Asia Pacific region. The MOU establishes a partnership between the two companies that combine strong technology expertise and ...
Read MoreTaiwan to Assist in Modernising Cambodia’s Construction Sector Through Latest Innovations
Taiwan’s Commerce Development Research Institute (CDRI), an institute funded by Taiwan’s Ministry of Economic Affairs, has unveiled plans to enter Cambodia’s construction market through its renowned Wow! Taiwan campaign. This large-scale marketing program intends to help connect Taiwanese businesses to local ones, as well as to assist in bringing products, technologies, and innovative services ...
Read MoreNetherlands Unveils Solar Powered Self-Sustaining Mobile Home
The Netherlands has unveiled an innovation of the first solar-powered mobile home, called Stella Vita, reported GCR. The innovation was developed by the Eindhoven University of Technology, which they dubbed a “self-sustaining house on wheels”. Stella Vita can generate solar energy independent of charging stations while allowing passengers to shower, watch TV, charge their laptops and make co...
Read MoreTaiwanese Firms Seek Distribution Partners for Innovative Construction Products in Cambodia
Taiwan’s Commerce Development Research Institute (CDRI), an institute funded by Taiwan’s Ministry of Economic Affairs, is seeking business partners in Cambodia to import and distribute a wide range of high-quality innovative construction products and services from Taiwan to Cambodia. Seeking business partners and distributors in Cambodia is part of Wow! Taiwan, a CDRI overseas marketing campaig...
Read More