Monday 8 February 2016

Panama Canal expansion by end of June

After more than a year-long delay, a new set of larger locks for the Panama Canal will be complete by the end of June, the waterway's administrator said on Wednesday, after builders repaired cracks that had formed in the concrete walls.


UrbaCon JV wins $466m contract in Qatar

A joint venture of Qatar-based UrbaCon Trading & Contracting has been awarded a QR1.69-billion ($466 million) contract to design and build an urban area in the Ras Bufontas area of Qatar, next to Hamad International Airport (HIA) terminal.


Sacyr wins $466m Qatar construction contract

A consortium led by Spanish building company Sacyr has won a €415 million ($466 million) contract to design and build an urban area in Ras Bufontas area of Qatar. The consortium, which also includes Qatar-based UCC (UrbaCon T


Sacyr has $574m at stake in Panama contract

Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said it risks losing $574 million in guarantees and advance payments if a spat over cost overruns at the multi-billion dollar project is not resolved.

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