9/20/2016 Global Construction & Infrastructure News – Check Out Today’s 8 Articles
Africa – Arandis, Namibia – The construction of an N$80 million solar photovoltaic power plant will commence in November at the mining town of Arandis. The power purchase agreement (PPA) between Erongo Red and OLC Arandis Solar Energy signed at Walvis Bay on Monday will culminate in the new 3.4 megawatt (MW) solar-powered plant. This comes after Arandis Solar Energy, an independent power producer, successfully tendered in 2015 for the construction of the new power plant. The plant will be constructed on a piece of land, measuring 12.5 hectares, that will be leased from Arandis Town Council – New Era: Read Details
Asia – Naryn City, Kyrgyz Republic – General Procurement notice – The Government of the Kyrgyz Republic received a loan from the European Bank for Reconstruction and Development and grants from the Swiss Secretariat for Economic Affairsfor the benefits of Narynskoye Predpriyatiye Vodokanal / Naryn Water Company. The project proceeds of a loan from the Bank and a grant from SECO will be used towards the cost of Naryn Water and Wastewater Rehabilitation Project. The proposed project, which has a total estimated cost of EUR 5.2 million equivalent, will require the procurement of the following contracts: – EBRD: Read Details
Asia – Singapore – China’s largest bank is throwing its weight behind Singapore organisations and companies to join in the One Belt, One Road initiative. A raft of agreements to increase Sino-Singapore co-operation was signed yesterday between the Singapore branch of the Industrial and Commercial Bank of China (ICBC) and five local parties. One agreement was inked with the Singapore Business Federation (SBF), extending up to 50 billion yuan ($10.2 billion) in funding to SBF members for infrastructure investments under the initiative – Asia One: Read Details
Asia – Vishakhapatnam to Chennai, India – The Asian Development Bank (ADB) has approved a $ 631 million loan to develop the proposed Vishakhapatnam- Chennai industrial corridor, the first such along a coastline in India.
Part of the larger East Coast Economic Corridor (ECEC) that will extend 2,500 km from Kolkata in West Bengal and Tuticorin in Tamil Nadu, the government expects the project to bring manufacturing and export industries to India’s east coast. The ADB loan includes $500 million for financing infrastructure like roads, power generation and drinking water – Business Standard: Read Details
Central America – Belmopan & Northern & Southern Districts – The General Manager of the Inter-American Development Bank (IDB) for Central America, Mexico, Panama and the Dominican Republic country department, Gina Montiel and Prime Minister Dean Barrow signed today an IDB loan agreement to finance investments to improve the transport, recovery and final disposal of solid waste in towns and villages in Belize’s northern and southern districts and Belmopan. The five year program is valued at US $10 million – Breaking Belize News: Read Details
Europe – Lviv District, Lviv District – Invitation for tenders – The Lviv City Communal Enterprise “LVIVTEPLOENERGO” now invites sealed tenders from Contractors for the following contract to be funded from part of the proceeds of the loan/grant: Supply and Installation of 409 Individual Heating Substations, including Design, Connection, Start-up and Commissioning. Tendering for contracts to be financed with the proceeds of a loan/grant from the Bank is open to firms from all countries – EBRD: Read Details
USA – Englewood, CO – While heavy equipment continued the real work, about a dozen individuals tossed dirt with shovels at the Sept. 15 official groundbreaking for construction of the mixed-use Acoma Lofts project in downtown Englewood. “Starting construction has been a long time coming as we began working on this project about three and half years ago,” Troy Gladwell of developer Medici Communities said. “We are doing the construction in phases to keep as much parking open as possible. The construction of the first building is in the south end of the Acoma parking lot. We expect the building to be completed in about a year.” – Englewood Herald: Read Details
USA – Laredo, TX – Rep. Henry Cuellar and the City of Laredo announced Monday about $9.9 million in federal funding from the U.S. Department of Transportation to Laredo Transit Management Inc. for the first phase of construction and rehabilitation of the El Metro operations and maintenance facility. The nearly $10 million in federal funds to Laredo Transit Management Inc. will be used for the construction of the first phase of a two-phase project for the new El Metro operations and maintenance facility, whose future site location will be at Jacaman Road and Bartlett Avenue – LMT Online: Read Details
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