Spain-based firms anticipate reaching commercial and financial close on contract for reconstituted P3 project completion in February, with full-scale construction set to begin soon after.
Total construction starts are set to rise 6% in 2022, down from 12% this year, with warehouse and residential sectors continuing to lead the recovery, says Dodge Construction Network.
Global engineer intends to boost its environmental and public sector niches with proposed acquisition of the Queensland, Australia-based consultant's Asia and North America practices.
Wage adjustments in settlement, subject to final union and employer approval, would balance disparities between country's east and west regions; giant contractor Hochtief negotiates independent deal with workers
Recent analyst reports for design, construction and equipment firms note signs of recovering demand and still solid profit based on reduced expenses, but also warn on overestimating growth
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