News Engineer pays $97m to settle fraud claim over shipyard project 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…
News China may invest $60bn in Turkey’s rail network 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…
Markets Growth predicted for European construction 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,…
News China resumes funding for Nigerian rail with $254m loan 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…
News ‘Rebuild quickly’: California governor waives rules to speed reconstruction 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…
News Massachusetts construction boss sentenced to 18 months 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.…
Companies Strabag buys Georgiou for €140m to enter Australian market 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…
News Bam fined over ‘irregular payments’ in Africa The Dutch Public Prosecutions Office has fined contractor Bam €30,000 over “potentially irregular payments” made during a development in Africa. The potential irregularity was discovered during an investigation into another…
News Hong Kong could cut building costs by using Chinese standards, association says The Hong Kong Construction Association says Hong Kong could adopt mainland Chinese standards for construction materials instead of using British and EU standards to cut building costs, which are currently…
News ‘Crumbling bridges’: German builders raise alarm over budget limbo Industry representatives in Germany have warned that prolonged budget uncertainty brought about by the collapse of the country’s government is putting vital transport infrastructure at risk. “We are extremely worried,”…
News ‘They’d lose half their labour’: Texas builder sounds warning over Trump deportation plans A contractor in Texas has warned that construction will suffer if Donald Trump fulfils his main campaign pledge to round up and deport millions of undocumented migrants. Around 295,400 undocumented…
News China calls for action on unpaid construction wages amid spate of mass killings In response to an unusual spate of mass killings in China, Beijing has launched a three-month campaign to pressure the country’s indebted local governments to clear the vast backlog of…
Companies French investment consortium buys majority stake in Systra Two French investment companies, Fimalac and Latour Capital, have acquired a 58% stake in Systra, a Paris-based engineer that specialises in the transport sector. Systra commented that the deal would…
News “Outright sabotage”: Why a judge ordered China Construction America to pay $1.6bn The New York State Supreme Court judge who ruled this month that contractor China Construction America (CCA) owed damages worth $1.6bn to the developer of the Baha Mar resort in…
News Judge orders Chinese contractor to pay $1.6bn over Baha Mar resort A New York State Supreme Court judge has ordered the subsidiary of a major Chinese contractor to pay the developer of the Baha Mar resort in the Bahamas damages of…
News Singapore firms pay $102m to US over Baltimore bridge collapse Two Singaporean companies who owned the ship that rammed into and brought down Baltimore’s Francis Scott Key Bridge have agreed to pay just under $102m to settle a claim filed…
News Vietnam puts cost of railway to China at $7.2bn Vietnam has estimated that the cost of building a railway to China’s southern Yunnan province would be $7.2bn, Vietnamese state media report. The 427km link would run from the border…
News Concrete bosses jailed for years-long price-fixing scam Four executives and a corporation were sentenced last week in the US state of Georgia for participating in a long-running conspiracy to fix prices, rig bids and allocate jobs for…