News Sweden rejects 30GW of offshore wind projects near Kaliningrad Sweden has vetoed the construction of 13 offshore wind farms in the Baltic Sea, saying they could impede military operations. The rejected farms together would have had around 30GW of…
News Work on VinFast’s $4bn North Carolina EV plant stalled amid downsizing plans Work has paused at Vietnamese electric vehicle (EV) maker VinFast’s $4bn factory in North Carolina as officials review the company’s proposals to shrink it. Questions have been asked about the…
News Bangladesh ends $1.5bn Chinese rail upgrade after nine years of talks Bangladesh Railway (BR) has cancelled a rail upgrade scheme in the northeast of the country after talks with a Chinese contractor that dragged on for nine years, local newspaper The…
News China halts local projects as municipal debt hits $13 trillion Beijing has told a dozen local governments to halt or delay infrastructure projects to limit debt increases, Reuters reports. Local governments in China have some autonomy in how they implement…
News Judge halts construction in Beverly Hills over lack of affordable homes A court in California says the city of Beverly Hills must stop approving construction projects because it is not complying with a state law that requires it to offer affordable…
News New Zealand cancels multi-billion-dollar Auckland light rail project The government of New Zealand has cancelled a light rail project for Auckland after the cost ballooned from US$9.8bn to as much as $19bn. The project was announced in 2018,…
News Egypt declares GERD talks with Ethiopia over Egypt has declared the latest round of talks with Ethiopia over the latter’s Grand Ethiopian Renaissance Dam (GERD) on a tributary of the Nile River to be over without agreement.…
News German billionaire in talks to buy Hamburg’s stalled Elbtower German logistics magnate Klaus-Michael Kühne is considering a purchase of Signa Real Estate’s half-finished Elbtower, German business newspaper Handelsblatt reports. A source told the paper that discussions on a possible…
News Investors scrap German green hydrogen project over costs Investors have scrapped plans to build a green hydrogen plant in northern Germany because of high construction costs, broadcaster NDR reports. Set to be built in Dithmarschen, Schleswig-Holstein, the plant…