Charge+, the green mobility arm of Sunseap Group, plans to install 10,000 charging points across Singapore as a game-changer in the promotion of EV adoption in the country. The clean energy company says its investment will support Singapore’s goal of phasing out internal combustion engine vehicles for full clean energy vehicles by 2040. Sunseap Group
Singapore’s Building and Construction Authority (BCA) has revised their expectations for construction spending in 2020 by around SG$10 billion as Singapore feels the affect of the Covid-19 pandemic. The BCA says that construction in 2020 is now estimated in the region of SG$18 billion to SG$23 billion, falling from their January forecasts of SG$28 billion
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
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
Vietnam has approved a US$9.3bn housing development and tourist resort at Can Gio, a 760 sq km mangrove forest 40km south of Ho Chi Minh City (HCMC). The project is being developed by the Can Gio Tourist Urban Joint Stock Company, a subsidiary of Vinhomes, the second largest public company in Vietnam. The centrepiece will be the
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
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
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.
GuocoLand’s subsidiaries MTG Apartments and MTG Retail have secured a US$512 million green loan from OCBC Bank, DBS Bank and ICBC Singapore which it will use for the construction of a mixed-use development in the Bugis area of Singapore. This will be Guocoland’s first ever “green loan” and the biggest amount so far awarded in
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
Despite the current travel restrictions caused by Covid-19, the Taiwan government has reportedly made a decision to allow easier hiring of expats for construction projects. The current rules states that projects must cost NT$10billion/US$330million and last at least 15 months, but this will now be relaxed where there are skill shortages. The move comes after
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
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
The UAE government has reviewed a series of construction and development projects in region and around the country worth US$544 million. The “Follow-Up Committee of the Initiatives of the UAE President” meeting was chaired by Jaber Mohammed Ghanem Al Suwaidi, the General Director of the Court. The committee also approved several major projects including the
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