Aecon $1.2B EPC award launches construction of Alberta's Greenlight power project, the first phase of a major generating station built for data center demand.
Abu Dhabi National Oil Co. has advanced its Upper Zakum offshore expansion, moving one of the world's largest oil field developments toward construction, with unconfirmed reports that UAE-based NMDC Energy, U.S.-based McDermott International and Italian contractor Saipem have received project awards,
Urenco USA plans a privately funded multibillion-dollar expansion of the only US commercial uranium enrichment facility, increasing low enriched uranium production by 50%, in broader effort to strengthen nuclear fuel supply for next gen advanced power plants.
The once-in-a-generation effort to upgrade and expand American infrastructure that is well underway by industry EPC firms also will safeguard their long-term sustainability and indispensable role in shaping that market, say top managers of investment firm Lazard.
The Biden administration’s Federal Sustainability Plan, announced in April, will require all agencies to transition to light-duty electric vehicles by 2027 and heavy-duty zero-emission vehicles by 2035.
In only the latest consolidation move in the competitive construction-technology sector, Trimble announced April 23 that it is acquiring Viewpoint Construction Software for $1.2 billion from Bain Capital.
India has an ambitious goal to spend $1 trillion on infrastructure over the next five years, but the country's high interest rates, growing public debt and ongoing policy issues threaten to put the brakes on foreign investments.