Shares of Australia-based WorleyParsons rose 32% on Feb. 28, following the firm’s disclosure the day before that, last November, Dubai-based engineer conglomerate Dar Group had made an estimated $2.2- billion bid, which it rejected as undervalued.
A trio of spillway failures at the 770-ft-tall earthfill Oroville Dam that prompted the evacuation of more than 188,000 people from central California has renewed questions about the reliability of hundreds of dams in the state and more nationally.
International lending agencies and the Uganda National Roads Agency putting funding in place for a $1.1-billion that would ease the flow of freight from landlocked Rwanda to the Kenyan port of Mombasa.