Construction Focus
Asean’s Appetite for Steel Rising
ASEAN countries' steel market consumption is expected to exceed 90 million tons by 2019, a growth of 6 percent, according to a new study entitled ASEAN Countries Steel Market Outlook 2015-2019. Steel consumption for infrastructure and construction is likely to exceed 47 million tons by 2019 with governments funding construction of road, rail, and airport infrastructure driving the growth. The m...
Read MoreThais Go It Alone on Rail Link
The Thai Prime Minister Prayut Chan-o-cha has announced the country is capable and financially prepared to fully fund its multi-billion-baht high-speed rail project, following a visit to China. "We will no longer do the project with China. It's better to do it alone," he told reporters in Bangkok. Transport Minister Arkhom Termpittayapaisith said that under the government- to-government deal...
Read MoreVirtual Reality Provides Safety Training
Asian construction firms are using a virtual reality platform to train workers in building site safety and reduce accidents. The ‘Situation Engine’ platform designed by UNSW in Australia allows construction workers to navigate life-threatening situations at varying stages of construction on work sites and the risks such as height and electrocution involved. By experiencing virtual accidents in ...
Read MoreConstruction Drop Slows S. Korean Economy
A drop in construction investment caused a slow in South Korea's economic growth in the final quarter of 2015, according to the Bank of Korea. tab-stops:14.15pt"> "Arial","sans-serif"">Though the estimated growth of 0.6 percent reported in January was upgraded to an improved 0.7 percent at the end of March, concern remains focused on the 6 percent decline in construction investment during...
Read MoreNagaworld Mall Opening in August
Construction on Nagacity Walk, the capital’s first underground duty-free shopping mall, is almost complete and scheduled to open in August, according to CBRE Cambodia. Located below Sihanouk Boulevard, the sprawling 4,000 square metre underground shopping complex will connect Phnom Penh’s Nagaworld casino and hotel with Naga2 currently under construction with completion scheduled for 2017. N...
Read MoreThe Bay to Build in May
The Bay project has announced that it will officially start construction in May 2016 and will begin establishing franchises to secure sales. Launched in February 2015, construction on the prestigious project being developed by Singapore-based TEHO International was delayed by six months. This was in part due to its association with the shamed former CVEA president Sok Bun but more importantly d...
Read MoreDeath Highlights Safety Issues Again
Safety standards on the Kingdom’s building sites were again brought into question following the death of another young construction worker in Phnom Penh’s Daun Penh district in March. 21-year-old Eng Lum had his head crushed against a metal bar after sticking his head of the elevator he was travelling in to investigate a cracking sound, according to local authorities. He died instantly, though ...
Read MorePhase 1 of New National Stadium Complete
mso-font-width:98%">Phase 1 of the landmark Morodok Techo National Sports Complex has been completed with construction under Phase 2 being fully funded by the Chinese government. mso-font-width:98%">The 100,000 capacity stadium will be the centerpiece of Cambodia’s hosting of the 32nd ASEAN Games in 2023. The Cambodian government has already committed $38 million through the NOCC for Phas...
Read MoreDOUBLING UP: UPGRADES INCREASE AIRPORT CAPACITY
The double-digit growth in air passenger traffic in Cambodia has led to an upgrading of the nation’s current international airports. To absorb ever-increasing passenger numbers, new and enhanced facilities at Phnom Penh International Airport (PPIA) and Siem Reap International Airport (REP) were inaugurated in mid-March after plans were first initiated in 2011. With an expansion plan already ...
Read MorePM CANCELS AIRPORT EXPRESSWAY
Hope among the public and transport officials for a fast commute between downtown and Phnom Penh International Airport on a new elevated expressway has vanished after Prime Minister Hun Sen cancelled the proposed expressway development in April. Speaking at the inauguration of the new City Hall administration building on 4 April, the prime minister explained that the decision to cancel the plan...
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