Global construction volume will grow by 1.2% this year and by 3% annual average over the rest of the decade, forecasts London-based Global Construction Perspectives in a report released Jan. 23.
The project was budgeted to cost $57 billion at 2019 prices, but an executive says poor planning and construction cost inflation are impacting the price.
With its workforce now peaking at around 30,000, the U.K.'s London-Birmingham 140-mile HS2 high speed railroad is shifting into the fit-out stage with more than $6 billion of track and system work being readied for procurement.
One team in England recently achieved one of the world's most sustained single tunnel-boring machine drives on a mine project, says its contractor, while another secured a design-build contract for the country's longest road tunnel,
Undulating timber roofs now shelter passengers using a new railroad station at the Norwegian city of Ski. It lies close to the south portal of the multibillion-dollar underground high-speed Follo Line railroad to the capital city, Oslo.
Officials are not estimating how soon rescuers will reach 41 construction workers trapped by a landslide on a $1.7 billion highway project, with equipment failure setbacks delaying progress.