Milan-based Salini Impregilo S.p.A. has named Goldman Sachs to advise on the possible sale of the $600-million-a-year paving unit of its U.S. subsidiary Lane Construction Corp.
The long-delayed Kitimat liquefied natural gas project in British Columbia got a boost in late April when LNG Canada selected Fluor Corp. and partner Yokohama-based JGC Corp. as the EPC contractor for the natural gas export-plant portion of the $40-billion development. Industry analysts expect Fluor’s portion of the award could be as much as $7 billion.
In response to customer demands to deliver projects more quickly and cheaply, design firms increasingly are looking at modular design and construction to streamline the construction process.
Construction and planned operation of a $5.3-billion Montreal light rail system by Quebec’s giant public pension fund has the potential to be a landmark development in public-private infrastructure projects.
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