Plans for moving Indonesia’s capital to Borneo placed on hold

The Jakarta Post has reported that Indonesia’s National Development Planning Agency (Bappenas) chief Suharso Monoarfa has confirmed that all construction activity for the capital relocation plan has been suspended whilst the Indonesian government focuses on recovering their economy from the effects of the Covid-19 pandemic. Planned construction of new government offices and a state palace

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BIG reveals urban lilypads masterplan for Penang South Reclamation project (Malaysia)

Denmark-based Bjarke Ingels Group (BIG) has been announced as the lead masterplan designer for the Penang South Islands (PSI) project, which involves the development of three man-made islands under the Penang South Reclamation (PSR) project. BIG was selected as the winner of the PSI Masterplan Design Competition (MDC) after 124 submissions from 26 countries were reviewed. The announcement

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Luxembourg infrastructure fund for Vietnam to deploy capital for road, port, industrial, and airport projects

Tecco Group and PHI Luxembourg Development SA, a subsidiary of PHI Group, have agreed to launch the first ever Luxembourg-based infrastructure fund for Vietnam. Besides supporting transport infrastructure, Tecco expects to use the PHILUX Infrastructure Fund for a number of port, industrial zone cluster, and airport projects. Tecco works primarily in the fields of construction

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Gulf construction market growth hopes grow with US$11.6bn worth of projects

The Gulf Cooperation Council (GCC) construction market is showing early signs of recovery with projects worth US$30.7 billion achieving construction completion in July and another US$11.6 billion worth of new projects being announced, according to a report by BNC Projects.  The GCC construction market is estimated at $2.4 trillion, with over 22,000 active projects at

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IDC announces APAC Smart City Award Winners

IDC (International Data Corporation) has announced the 2020 winners for their IDC Smart City Asia/Pacific Awards (SCAPA) with Taiwan picking up 4 awards, China and Singapore gaining 3, and South Korea and Australia getting 2 prizes. Other winners were from India, Hong Kong, Malaysia, Indonesia, and New Zealand. The SCAPA Awards do not include Japan.

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AIIB approves $170m loan for Bangladesh’s sanitation infrastructure

AIIB (Asian infrastructure Investment Bank) has approved the US$170 million loan for to Bangladesh for improved sanitation services in Dhaka, which should benefit around 1.5 million local residents. The Dhaka Sanitation Improvement project is co-financed with the World Bank and will support Bangladesh government’s investments in sanitation infrastructure comprising sewerage systems, sewage treatment, and pilot

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Singapore geospatial 3D data made available to businesses.

Singapore businesses (such as real estate developers, construction companies, and logistics providers) now have access to the 3D Singapore Sandbox, launched by the SLA (Singapore Land Authority). The tool provides geospatial data comprising of over 160,000 3D-building models that will help businesses develop innovative urban planning solutions and services. Users can also make use of

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Reports claim WSP Global is progressing with discussions to buy Aecom

Canada’s WSP Global Inc. is moving ahead with talks to acquire rival engineering services firm Aecom, reports say. Shares of Aecom rose 7.7% to $51.33 at 10:14 a.m. in New York trading Wednesday, giving the company a market capitalization of about $8.1 billion. WSP Global shares fell less than 1% to C$88.48 in Toronto, valuing it at about C$9.4 billion ($7 billion). Bloomberg

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