Under steady conditions, global construction output is set to grow, on average, by nearly 4% annually for the next 15 years—reaching, in constant 2014 dollars, $17.5 trillion by 2030, says an expansive 15-year forecast by two U.K.-based consultants..
French state-controlled utility EDF Energy, Paris, signed a “strategic investment agreement” on Oct. 21 transferring 33.5% of its 100% ownership of the U.K.’s planned nuclear power plant to Beijing-based China General Nuclear Corp.
Dutch engineers have successfully placed a 50-meter-long, 20-m-wide tidal-power device into one of the openings of the North Sea-facing Eastern Scheld storm barrier.
The U.K. government has invited Chinese firms to bid for up to $18 billion of work on the planned London-to-Birmingham high-speed railroad, due to start construction in 2017.
London-based international architect Foster + Partners has launched a building kit for landing sites needed for a fleet of drones proposed to deliver medical and other supplies to remote African locations.
Using a novel vertical production line, builders of a futuristic U.K. observation tower recently completed the 162-m-tall steel mast around which a sleek doughnut-shaped pod will rise and fall.
London’s $6.6 billion mega-sewer, known as Thames Tideway, formally crossed its final procedural hurdle on August 24, paving the way for the seven-year construction project to begin in 2016.
In early July, Saudi Arabia sold its first issue of sovereign bonds in eight years to cover projected budget deficits caused by falling oil prices. Russia on Aug. 10 announced its gross domestic product contracted
Lower oil prices, regional tensions in the Middle East and economic turbulence in Europe have undermined growing demands for infrastructure around the world. And the sharp drop in the Chinese stock market and the Greek debt
