The Dodge Momentum Index rose 2.4% in January. The monthly increase was the result of a 3.3% increase in institutional projects and a 1.6% increase in commercial work.
China joined the European Bank for Reconstruction and Development (EBRD) this month. The move will open doors for the China Development Bank to co-finance construction projects and also give Chinese contractors access to the continent, analysts said.
Indonesia sprung a surprise on Jan. 28, suspending a $5.5-billion high-speed-rail project that is being implemented by a Chinese company and financed by the China Development Bank.