“China’s central government will add 100 billion yuan ($14.51 billion) to key projects in the fourth quarter of this year, of which 28 billion yuan are allocated for railways, roads and airport infrastructure, said www.CRI.cn Wednesday”
[SOURCE: China Daily – 8b yuan more for transport infrastructure construction].
“Singapore construction firm Koh Brothers said on Tuesday it won a S$582 million ($380.1 million) contract to build an underground metro station.”
SOURCE: Reuters – Singapore’s Koh Brothers wins $381 mln contract
Workers finish construction yesterday on the concrete support structure for the Shanghai 2010 World Expo’s China Pavilion.
IMAGE CREDIT & SOURCE: Shanghai Daily
Three months after opening the world’s second-tallest skyscraper, Shanghai is about to start construction of an even taller building – in the face of an economic slowdown and falling property prices.
Construction on the 632-meter Shanghai Tower, expected to cost 14.8 billion yuan (US$2.17 billion), will begin in Pudong’s Lujiazui financial district tomorrow, developers said yesterday.
[SOURCE: Shanghai Daily – Defying the downturn, city builds even higher]
The Standard(HK) reports that “Tenders for the design of the Hong Kong-Zhuhai-Macau Bridge will be invited on Monday, kick-starting the HK$40 billion project to be bankrolled by the three governments and topped up by bank loans.
The project is among the 10 top infrastructure works which Chief Executive Donald Tsang Yam-kuen wants to activate to create thousands of jobs during the financial crisis.
Hong Kong will pay 50.2 percent of the project, Guangdong 35.1 percent and Macau 14.7 percent.”
[SOURCE: The Standard – Hong Kong’s First FREE English Newspaper].