German contractor Hochtief has seen a 20% increase in turnover to €33.3bn and a 48% rise in nominal net profit to €776m. Announcing its 2024 results, chief executive Juan Santamaría…

Six investors have signed service level agreements with the Industrial Parks Development Corporation (IPDC) and are spending $160m in the construction factories at the Bole Lemi Special Economic Zone, the…

Oregon is hoping to begin work in September on the long-delayed bridge over the Columbia River, but local politicians worry about President Trump withholding pledged federal funding, Oregon Public Broadcasting…

US senators are demanding answers from the Trump administration over what they say are damaging consequences for energy infrastructure and housing after deep and sudden staffing cuts at government departments…

German construction consultant Drees & Sommer has acquired US project and cost consultant VVA in a bid to expand in North America. Stuttgart-registered Drees & Sommer employs some 6,500 people…

Construction activity in the Eurozone has recorded its 34th straight month of decline, according to the latest PMI survey from S&P Global and the Hamburg Commercial Bank (HCOB). Sentiment among…

US house builders have welcomed Donald Trump’s 30-day pause on his plan to impose 25% tariffs on imports from Canada and Mexico, but they urge more dialogue to make the…

China’s New International Land-Sea Trade Corridor has reported a surge in growth, according to figures released by China Railway Nanning Group and reported by the government. The “corridor” is a…

Donald Trump’s 25% tariffs on goods imported from Canada and Mexico, announced Saturday, will raise the cost of vital materials used in residential construction and fuel the housing affordability crisis,…

Saudi Arabia’s $1.5 trillion Neom development has secured $3bn in funding from state-owned Italian financier SACE, paving the way for Italian businesses, suppliers and SMEs to work on the programme’s…

Bankruptcies among Japanese construction companies reached a 10-year high in 2024 sparked by rising material and labour costs, according to a report by Tokyo Shoko Research (TSR). Last year, 1,924…

A contractor hired for a radiation clean-up project at a former shipyard in San Francisco has agreed to pay $97m after a 12-year legal battle. According to a Securities and…

China is considering investing $60bn to upgrade Turkey’s rail network, South China Morning Post reports. Burak Dağlıoğlu, president of the Invest in Türkiye agency, said the work could include a…

Management consultant Bain & Company predicts a recovery in some of Europe’s biggest construction markets in 2025 after a two-year slump over 2023-24. Its analysis covers the UK, the Nordics,…

After a hiatus of several years, China has resumed lending for Nigerian rail development with an initial $253.7m loan approved by the China Development Bank for the Kaduna-Kano railway, the…

California governor Gavin Newsom has signed an executive order intended to speed up reconstruction and reduce price gouging once the Californian wildfires are extinguished. The order will suspend aspects of…

The owner of two construction companies in Massachusetts has been sentenced to 18 months in prison and three years of supervision after being found guilty of tax and mail fraud.…

Austrian contractor Strabag has agreed a €140m deal to buy all the shares in Australian civil engineer Georgiou Group. The takeover approved by Strabag’s supervisory board on 17 December will…