AECOM Technology Corporation announced today that it has been selected to provide architectural and engineering services to the Toronto Transit Commission for design of the Sheppard West and Highway 407 stations on its Toronto-York Spadina Subway Extension project.
[SOURCE: AECOM: News Release].
The Times (UK) reports
“Nakheel, the government-owned developer of Dubai’s man-made palm islands, has cut 500 jobs, or 15 per cent of its workforce, as it scales back projects amid the global financial crisis. “We have the responsibility to adjust our short-term business plans to accommodate the current global environment,” it said in a statement.”
SOURCE: Times Online.com – Nakheel cuts jobs as Dubai reels from financial crisis
By Jennifer Heldt Powell of the Boston Herald reports
“Landscape architect David Warner has been reading some alarming headlines.
Towns all over the country are cutting back on school building projects or nixing them altogether. That could be really bad news for a firm that does a lot of work with schools.
It could hardly come at a more challenging time; Warner only recently took over the business.”
read more about David Warner and how he is approaching the finanical downturn @ the [SOURCE: Landscape architect adapts to tough times – BostonHerald.com].
Times Online reports
”The crisis in the Spanish construction sector claimed another victim yesterday as the country’s fifth biggest property development company went into administration.
Promociones Habitat said it had financial commitments of up to €2.3 billion (£1.93 billion).”
[SOURCE: Spanish developer falls with €2.3bn debt – Times Online].