Work on the 26-km-long Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) is well under way, with the last contract to be awarded in 2011. The Legislative Council recently approved $8.6 billion in funds for construction—a controversial increase from the original $5.1 billion. Related Links: Brazil Plans High-Speed Rail for Olympics London’s Massive Rail Project Gains Favor Already $486 million worth of civil-works contracts have been awarded, with the largest being a $216-million contract to Japanese firm Penta-Ocean Construction Co., Ltd. for construction of the Mai Po to Ngau Tam Mei tunnels at the north end of the line. The other contracts
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.