Markets Argentine construction in deep recession as public works stop Construction activity in Argentina fell 22% in January compared with the same month in 2023, and declined 10% in the month from December, says a report from Indec, the official…
News ‘Have a baby, get $75k’, Korean developer tells staff The chairman of South Korean residential developer Booyoung Group is offering employees a bonus of $75,000 if they have children, The Chosun Daily reports. 84-year-old Lee Joong-keun began the scheme…
Markets Bidenomics makes US construction boom as spending surges 12% Total construction spending in the US hit $2.1 trillion in January, nearly 12% (11.7%) higher than the figure for January 2023, the Associated General Contractors of America (AGC) said Friday.…
News New York training school charged with issuing 20,000 fake safety certificates Six people have been accused of running a construction safety training school in the US that issued certificates to some 20,000 students who did not undertake the 40 hours of…
News Construction bosses plead guilty in $100m bid rigging case Four executives in Oklahoma have pleaded guilty to rigging bids and fixing prices on more than $100m worth of public transportation infrastructure contracts in the state. Stanley Mark Smith, a…
News US recovers $547,000 from firm that cheated its own workers The Department of Labour has helped 139 employees of a Guam-based contractor to recover $547,378 in back wages and liquidated damages. Ian Construction owed the workers $295,420 in back wages…
News Doosan Bobcat’s €800k gift helps 533 businesses restart in quake-ravaged Turkey Construction machinery maker Doosan Bobcat donated €800,00 last year to help small businesses in Turkey get going again after violent earthquakes struck in February. They destroyed or damaged some 240,000…
News CIOB Academy broadens reach with expanded payment facilities The Chartered Institute of Building (CIOB) Academy now takes payment in US dollars, Hong Kong dollars, and euros to make training more accessible to construction professionals worldwide. Opportunities include internationally…
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 ‘Enough is enough’: Property giant Evergrande ordered to liquidate A judge in Hong Kong today ordered one of China’s biggest property developers, Evergrande, to liquidate in light of its more-than $300bn debt burden and failure to come up with…
News Luxembourg steps in to prevent mass redundancies in crisis-hit construction Industry Luxembourg’s government has offered assistance to elements of its construction industry in the six months between February and July 2024. The two sub-sectors of the industry that are deemed to…
News $40,000 awarded to male US worker over sex discrimination A male worker for the has been awarded $40,000 by the Maryland Department of Transportation State Highway Administration after a sex discrimination lawsuit found he was paid less than female…
News $2.5bn boost for Vegas-to-LA high-speed rail The US Department of Transportation (DOT) has authorised another $2.5bn in private activity bonds for the 218-mile Brightline West high-speed railway planned between Las Vegas, Nevada and just outside Los…
News Germany’s economic slump may force it to rely on coal, business figure warns Germany’s plans to base its energy transition on a fleet of hydrogen-fuelled power plants may fall victim to the country’s growing economic malaise, leading to a continued reliance on coal,…
News Contractors sue Biden over project labour agreements rule US employers group the Associated General Contractors of America (AGC) and its Louisiana chapter filed suit this week in federal court to block the Biden administration’s effort to mandate project…
News Funds raised for $1.9bn data centre in Arizona Data centre developer EdgeCore Digital Infrastructure has raised $1.9bn, partly from a “green loan”, to build a facility in Mesa, southern Arizona. The project will be part of a 3.1…
News California website shows progress of every infrastructure project The state of California launched a website yesterday tracking the progress of state and federal infrastructure projects and how taxpayers’ money is being spent on them. The build.ca.gov site aims…
News Gordie Howe bridge is $700m over budget and 10 months late The Gordie Howe cable-stayed bridge under construction between Windsor, Ontario and Detroit, Michigan is 10 months behind schedule and C$700m over budget, the authority building it has said. Funded by…