On Aug. 22, the Herrenknect tunnel-boring machine completed its work, excavating the 3.3- kilometer-long underwater section of the Eurasia Tunnel in Istanbul.
Turner Construction Co. says Santa Clara County, Calif., officials shut down work on Sept. 11 at an overbudget and behind-schedule county hospital expansion project in San Jose.
Crews from Dykon Blasting Corp., Tulsa, Okla., safely imploded an eight-story building in east Denver on Aug. 29. The early Saturday morning demolition of the former University of Colorado Biomedical Building makes way for a $419-million, mixed-use commercial development at the former site of the University of Colorado medical campus.
Enlarge New construction starts in June dropped 15% from the previous month, according to Dodge Data & Analytics.Despite the monthly decline, construction starts through the first six months of the year are 23% above 2014’s level. The June monthly decline followed a strong May, which benefited from a $9-billion liquefied natural gas terminal that entered the planning stage.Nonbuilding construction in June fell 38%, while residential building in June posted a slight 2% gain, helped by strength for multifamily housing.During the first half of 2015, total construction starts on an unadjusted basis were $336 billion. “The 23% year-to-date increase overstates the
Enlarge Construction Momentum SlowsThe Dodge Momentum Index fell 1.3% in June, according to Dodge Data & An- alytics. The Momentum Index is a monthly measure of the first report for non-residential building projects in plan- ning, which have been shown to lead con- struction spending for non-residential buildings by a full year. With the June decline, the Index continued its lackluster performance thus far in 2015, and is now up just 2.2% compared to June 2014. Commercial building posted the biggest loss of momentum, sliding 2.6% in June. At the same time, real estate mar- ket fundamentals remain favorable and
SNC-Lavalin said PSEG Power awarded it an EPC contract for a 755-MW combined-cycle natural gas power project in Prince George’s County, Md., near Washington, D.C. The plant will connect to the Potomac Electric Power Co.’s 500 kV transmission line and will feature two gas turbines and one steam turbine.The firm did not disclose the contract value, but Montreal-based analyst Yuri Lynk of Canaccord Genuity, estimates it to be between $800 million and $900 million."The U.S. power market continues to have a bright outlook, as cheap gas and a move away from coal have been driving the increase in award volume
A design-build consortium including SNC-Lavalin, Aecon, ACS Infrastructure Canada Inc. and EllisDon closed financing for the Eglinton Crosstown light rail line in Toronto, the firms said on July 24.
Cardno Ltd. Richard Wankmuller took over as Cardno CEO last month. Related Links: Aurecon, Hyder, Cardno cut staff as infrastructure spend fails to kick in Australian Services Giant Cardno Names New CEO as Challenges Mount Richard Wankmuller, newly named CEO and Managing Director of Australia-based design firm Cardno Ltd., (No. 35-Top 150 Global Firms) is an American who formerly headed North American operations for GHD Pty., also based in that country. He has lived and worked in Australia twice over a five-year period. Wankmuller takes over the $1.1 billion-firm as it faces a profit shortfall in business results ahead of
Enlarge The cutterhead of the TBM 'Lady Bird,' seen here being raised up after completing the segment. On July 23, the cutterhead of a tunnel-boring machine, dubbed "Lady Bird," that is mining the first section of one of several tunnels being built to improve the water quality of the Anacostia River, was lifted out of a shaft near a pumping station in Washington, D.C., after completing its mission.Manufactured in Germany by Herrenknect, the TBM removed approximately 1.2 million tons of material from the four-and-a-half-mile tunnel.The tunnels are being built to reduce stormwater and combined-sewer overflows.
Developer Seeks Back Pay From China Construction AmericaBaha Mar Ltd., a developer building a $3.5-billion nearly complete Bahamas resort, will participate in talks in China over money owed to the project’s contractor as well as future financing from the China Ex-Im Bank.The announcement came two weeks after the developer and its subsidiaries filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Delaware, where the group blamed a subsidiary of China Construction America (CCA) for the construction delays. CCA Bahamas, which claims to be owed $72 million for unpaid work, says Baha Mar’s bankruptcy filing is “the direct result
