India’s leading real estate developer, a major U.S. builder and a London-based hedge fund have formed a joint venture to build integrated residential commercial projects worth $25 billion over the next 20 years throughout the emerging nation.The venture's key partners are India's Sahara Prime City Ltd., investment firm Acropolis Capital Group and Turner International, the international subsidiary of Turner Construction Co., New York City. With an initial investment of $100 million, the Mumbai-based company will operate under the name Sahara Turner Construction Ltd. Sahara Group holds a 63% stake.In its first five-year program, the venture says it will build new
After tortured beginnings that included a false start followed by a protracted design competition during which the eventual winner "gambled" $2 million, a shroud of secrecy has enveloped the planned 1-kilometer-tall Kingdom Tower, to be sited north of Jeddah, Saudi Arabia.
Of the 12 stadiums for the 2014 World Cup in Brazil, at least six are on track to complete construction within the coming year. Here is a slide show that provides a brief look at how the work for the world’s premier football event is progressing and a summary of some of the challenges facing the contractors.
A controversial proposed bridge over the St. Croix River between Wisconsin and Minnesota has cleared a big hurdle: Congress has approved a bill exempting the project from the requirements of the Wild and Scenic Rivers Act. The statute bars federally funded projects that would harm such rivers' scenic qualities.
The Vancouver International Airport is planning $1.8 billion in capital projects over the next 10 years, with a heavily front-loaded first four years that already has out requests for proposals for the initial package of work.
Kentucky officials are studying ferry service to move traffic across Kentucky Lake until the U.S. 68/Route 80 bridge can be repaired after a 322-ft span collapsed in a Jan. 26 ship collision.
California officials are looking to streamline the development of transmission lines to access more geothermal power, the state's largest baseload source of in-state renewable energy. At least two geothermal projects have been stalled by lack of transmission access to the grid; several more are in the queue waiting for transmission.
Star and Northeast Utilities have agreed to purchase 129 MW from the Cape Wind offshore wind farm as a condition of the utilities' pending merger, according to a deal announced on Feb. 15 by Massachusetts officials.
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