(IN BRIEF) Skanska has entered into an initial contract with Virginia Tech to embark on the construction of a cutting-edge College of Engineering in Virginia, USA, marking a significant milestone for the university’s infrastructure development. Valued at USD 53 million, … Read the full press release
(IN BRIEF) RWE, a key player in renewable energy, has commenced the construction of a new wind farm in the Rhenish lignite region, marking another milestone in the area’s energy transition. Set on recultivated land in the Inden opencast mine, … Read the full press release
(IN BRIEF) MYTILINEOS Energy & Metals, in partnership with Siemens Energy, has embarked on the construction of a 560 MW Combined Cycle Gas Turbine (CCGT) power unit at the Adamów Power Plant in Poland. The Engineering, Procurement, and Construction (EPC) … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Combined Cycle Gas Turbine (CCGT) Power Unit, construction, Germany, MYTILINEOS, partnership, Poland, Siemens Energy, sustainability
(IN BRIEF) Nordic Investment Bank (NIB) and Aalto University Foundation sign a EUR 45 million loan agreement for the construction and renovation of Aalto University campus buildings in Espoo, Finland. The funding supports projects aimed at enhancing higher education, research, … Read the full press release
Posted in Banks, Construction, Education, Financial, Finland, Industrial, Infrastructure & Utilities
Tagged Aalto University, Aalto University Foundation, Aalto-korkeakoulusäätiö sr, construction, Espoo, financing, Finland, K3, Kide, Kide buildings, loan, Marsio, NIB, Otaparkki, renovation
(IN BRIEF) Vattenfall’s Hollandse Kust Zuid Offshore Wind Farm marks a significant shift in offshore wind turbine construction with the introduction of reusable monopile covers. Traditionally, covers were disposed of after use, but this innovative solution, developed by CCM B.V., … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Sweden
Tagged CCM B.V., construction, Hollandse Kust Zuid (HKZ), Michiel Kraak, Monopile Covers, Netherlands, offshore wind farm, Olaf Rick, partnership, sustainability, Vattenfall
(IN BRIEF) Strøm Gundersen AS, a company within AF Gruppen, has secured two turnkey contracts totaling NOK 516 million excluding VAT for the construction of a hotel and an office building in Brakerøya, Drammen. The first contract, valued at NOK … Read the full press release
Posted in Business, Construction, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged AF Gruppen, construction, Drammen, hotel, office building, partnership, Strøm Gundersen AS, sustainability
(IN BRIEF) In a significant step towards sustainability, LUKOIL lays a commemorative capsule to signify the beginning of construction for a solar power plant (SPP) in the Almaty region of Kazakhstan. The project, with a design capacity of 4.95 MW, … Read the full press release
(IN BRIEF) Saint-Gobain has formally approached the Board of CSR Limited, a prominent Australian building materials company, with a non-binding indicative offer to acquire all of CSR’s issued share capital through a scheme of arrangement at A$9.00 cash per share. … Read the full press release
Posted in Business, Construction, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged acquisition, Australia, construction, CSR Limited, partnership, Saint-Gobain, sustainability
(IN BRIEF) Skanska has secured a contract with LGAFUEL LLC for the construction of the LaGuardia Airport Jet Fuel Transmission Systems project in Queens, New York, USA. Valued at USD 113 million (about SEK 1.2 billion), the project involves the … Read the full press release
(IN BRIEF) Eni has officially confirmed its plan to build Italy’s third bio-refinery in Livorno, as part of its decarbonization strategy aiming for carbon neutrality by 2050. The project includes the construction of three new facilities for the production of … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged Bio-Refinery, construction, Eni, Italy, Livorno, sustainability
(IN BRIEF) Holcim plans to list its North American business in the US, creating a leading pure-play building solutions company. The listed business aims to focus on long-term growth in the North American market and unlock value for stakeholders. Jan … Read the full press release
Posted in Business, Construction, Industrial, Investment, Management, Switzerland
Tagged Arps, Bär & Karrer AG, construction, Goldman Sachs International, holcim, infrastructure, Jan Jenisch, Meagher & Flom LLP, Perella Weinberg Partners, Skadden, SLATE, sustainable building solutions, Swiss Market Index
(IN BRIEF) The Nordic Investment Bank (NIB) and Skanska Financial Services AB have entered a six-year USD 75 million sustainability-linked loan agreement. This loan’s interest rate margin is tied to Skanska’s climate targets, including a 70% reduction in absolute GHG … Read the full press release
Posted in Banks, Construction, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Sweden
Tagged André Küüsvek, climate targets, construction, Key Performance Indicators, KPI, loan, NIB, reducing CO2 emissions, Skanska, Skanska Financial Services AB, sustainability-linked loan, The Nordic Investment Bank
(IN BRIEF) Logicor, a prominent European logistics real estate owner, manager, and developer, has completed a redevelopment project in San Giorgio di Piano, Italy, enhancing its sustainability features. The project transformed the site, previously occupied by Mercatone Uno, into a … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Real Estate, Technology, Transportation & Logistics, United Kingdom
Tagged Bologna, construction, Graeme Hepburn, Logicor, partnership, sustainability, Warehouse Redevelopment
(IN BRIEF) Saint-Gobain has announced its acquisition of Menkol Industries Private Limited, a prominent Indian manufacturer specializing in high-value waterproofing systems. This strategic move enhances Saint-Gobain’s position in the Construction Chemicals sector, focusing on specialty building materials within the dynamic … Read the full press release
(IN BRIEF) Logicor, a prominent European logistics real estate owner, manager, and developer, has achieved a significant construction milestone in the redevelopment of its flagship UK scheme, Logicor Park Daventry. Acquired in 2021, the site is being transformed into three … Read the full press release
(IN BRIEF) Skanska, a leading construction company, has announced a new contract agreement with North Carolina State University for the construction of a cutting-edge integrative sciences building in Raleigh, North Carolina, USA. This project, valued at USD 106 million (approximately … Read the full press release
(IN BRIEF) Paris-based GTT has entered into a Technical Assistance and License Agreement (TALA) with COSCO Shipping (Qidong) Offshore, a subsidiary of China COSCO Shipping Corporation Limited. Under this agreement, COSCO Shipping (Qidong) Offshore gains the rights to construct GTT’s … Read the full press release
(IN BRIEF) Webuild Group, a leading international infrastructure company, is focusing on workplace safety, process efficiency, and sustainability in response to the global energy transition. The company’s General Manager, Massimo Ferrari, highlighted their commitment during an address at the “Sustainability … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has provided a €34 million loan to the Ca’ Granda Fund, managed by Investire SGR, to support the construction of new social housing units in central Milan. Over 200 apartments in the Sarpi … Read the full press release
Posted in Banks, Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News, Real Estate
Tagged Cariplo Sergio Urbani, construction, Dario Valentino, EIB, Giancarlo Scotti, Gilles Badot, Marco Giachetti, Milan, partnership, Sarpi District, social housing, sustainability
(IN BRIEF) SAP has revealed that The Hilti Group, a leading provider of hardware, software, and services to the construction industry, is using the Circelligence solution to enhance its resource circularity. Developed with Boston Consulting Group (BCG), the tool is … Read the full press release
Posted in Construction, Germany, Industrial, Management, Technology
Tagged Alexander Meyer zum Felde, BCG, Boston Consulting Group, Caroline Stern, Circelligence, circular economy, Circularity, construction, hardware, raw materials, resources, SAP BTP, SAP Business Technology Platform, SAP SE, Scott Russell, software, supply chain, sustainability, The Hilti Group, transparency
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