Balfour Beatty Achieves Early Reopening of M25 for Second Consecutive Time
Balfour Beatty, the UK’s largest infrastructure company, in partnership with National Highways, reopened the M25 over seven hours ahead of schedule, following the second full weekend closure. The M25 between Junction 9 and 10, was closed at 9pm on Friday 10…
Clay Haden named new Business Unit President for Skanska USA Building
Skanska has promoted Clay Haden to Business Unit President for Skanska USA Building, effective June 1, 2024. Haden succeeds Paul Hewins who has announced his decision to retire. As BUP, Clay Haden will be responsible for the overall performance of…
HOCHTIEF earns 142 million euros in Q1, rising 16%
Operational net profit up 16% on comparable basis to EUR 142 million,Strong sales growth of 9% year on year driven by all divisions,Robust margin,Strong net operating cash flow of EUR 1.2 billion last twelve months (LTM) driven by sustained high…
HS2 completes 3,130 tonne second Wendover Dean Viaduct deck slide
HS2 today revealed new timelapse footage showing the latest stage of a complex year-long project to slide almost half a kilometre of bridge deck into position, high above Buckinghamshire’s Misbourne Valley. Over a 20 hour period last week, engineers working…
Bouygues Bâtiment France creates an entity dedicated to industry
To support the green reindustrialization of France and act in favor of decarbonization, Bouygues Bâtiment France, a subsidiary of Bouygues Construction, is creating an entity dedicated to industry. With Bouygues Bâtiment Industrie, of which William Nippert is the Managing Director,…
Building Costs Increase in the First Quarter of 2024 Driven by Mega Projects
Long lead times continue to be an issue for some building components,Turner Construction Company announced that the First Quarter 2024 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—had increased to the value of…
AECOM Chosen by TxDOT to Construct Drainage Tunnels for I-35 Capital Express Central Project in Austin, Texas
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been selected by the Texas Department of Transportation (TxDOT) to provide project inspection services for the construction of drainage tunnels for the next phase of its $4.5…
Laing O’Rourke Wins Contract for Southwest Metro Conversion and Station Works in Sydney
A joint venture of John Holland and Laing O’Rourke welcomes the announcement of its second Sydney Metro contract along the Sydenham to Bankstown corridor, which will upgrade the Bankstown Station precinct. The Southwest Metro Conversion and Station Works package also…
Jack and Mobile Launcher 2 Base Construction Finished by Bechtel at Kennedy Space Center
Reaching new heights for the Artemis campaign in collaboration with NASA Bechtel today announced the completion of the jacking and setting process for Mobile Launcher 2 at Kennedy Space Center. This achievement is a critical step in the process to…
Beacon Announces Additional $225 Million Accelerated Share Repurchase Program
Beacon announced today that it has entered into an accelerated share repurchase agreement (“ASR”) with Citibank N.A to repurchase $225 million of Beacon’s common stock. “Creating shareholder value is central to today’s announcement to continue share repurchases under our previously announced…
VICI Properties Inc. Announces $250 Million Mezzanine Loan Origination for Great Wolf Resorts, Inc.
VICI Properties Inc. (NYSE: VICI) (the “Company”, “VICI” or “VICI Properties”) announced today that it has originated a $250 million mezzanine loan (the “Mezzanine Loan”) as part of a $1.55 billion financing that also includes a single borrower group CMBS…
AECOM joint venture to provide environmental planning services for the U.S. Navy
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that its joint venture with Stantec was awarded a five-year environmental planning contract by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific. The joint venture will deliver environmental planning…