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

Continue Reading

HS2 construction given government go-ahead (UK)

The UK government has given its formal approval for construction work on the HS2 high speed rail project to begin despite lockdown measures. Construction firms involved in phase one of the high-speed rail project will need to follow social distancing rules. Prime Minister Boris Johnson approved the decision to build the rail link in February after

Continue Reading

AECOM board to take 20% pay cut

In a response to the financial impact of COVID-19, international engineering consultancy group AECOM has announced that it’s board of directors and top execs will be taking a 20% pay cut. Michael S. Burke has agreed to continue on as CEO, giving the board more time to search for his replacement, as he previously announced that

Continue Reading

Design chosen for National Railway Museum (UK)

London-based architecture practice Feilden Fowles has won the international design competition to create the new Central Hall building for the National Rail Museum in York, UK. Feilden Fowles’ team beat 75 other practices, with the jury praising the team’s design concept for its elegance, its ambitious energy strategy and its intriguing new visitor journeys. The

Continue Reading

Vlora Airport concession postponed (Albania)

Due to the COVID-19 crisis, the Albanian Ministry of Infrastructure and Energy has postponed the deadline to submit offers for potential investors for the Vlora Airport concession. The deadline has now moved to 21st April 2020. This is the second time that the deadline for the Vlora concession has been postponed. The Minsitry changed the

Continue Reading

COVID-19 has brought ‘unparalleled despair and destruction’ to aviation industry (video)

CNA: The crisis for airlines is deepening as more countries close their borders to foreign visitors amid the COVID-19 pandemic. Carriers worldwide are being forced to make sharp cuts, and their stocks have come under heavy selling pressure. The world’s biggest international carriers have announced drastic measures as passenger demand nosedives and governments curb travel.

Continue Reading