Poland's decision on June 13 to cancel the contract with Chinese Overseas Engineering Group (COVEC), a subsidiary of the state-owned China Railway Engineering Corp., to build a 50-km (31-mile) stretch of the key east-west A2 Highway has dealt a blow to Chinese ambitions to break into the lucrative European construction market. Web photo Polish government says it will seek to restart work this summer on Chinese-abandoned highway, but finding a contractor to take on the project could be challenging. Related Links: Oman, Egypt Lead Middle Eastern Push To Upgrade Airports Norway Firm Clinches Tanzania Power Contract Hong Kong's Tuen Mun
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.