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TICKER TAPE - INTERNATIONAL The new canal is scheduled to Shenfield and Abbey Wood in be completed by August 2015. the east. The project will require up to 36 dredgers to remove about NEW $18 BN AIRPORT FOR 250 million cubic metres worth VIETNAM of material. Authorities in Vietnam have announced plans to construct EXPANSION OF QATAR INTL a new $18 billion international AIRPORT airport in the south of the Plans for the expansion of country. The Long Thanh CHINA FOR RUSSIAN HIGH- to begin construction. The the recently opened new International Airport to come SPEED LINE company will not sell vacant Hamad International Airport up in three phases is expected Moscow seems to have land but affordable housing passenger terminal in Doha to reduce the burden of Tan given Beijng the vote of units. The first homes will be are already afoot. It is reported Son Nhat International Airport confidence on the recently delivered in early 2017 and Qatar Airways CEO Akbar Al in Ho Chi Minh City. The mega signed agreement to build the entire project is slated for Baker said British architect, Sir project will be constructed Russia’s first high-speed line completion before 2020. Norman Foster was expected with about $3.98 billion from is any indication. Chinese to wrap up his work“ Over the government bonds and official railway companies will build $381 MN FUJAIRAH CITY next few months”. Immediately development assistance. The a 770 km high-speed line PLANNED following the finalisation of government money will be between Moscow and Kazan Authorities in the UAE have design, construction firms used towards site clearance in collaboration with Russian approved plans to build a $381 will be invited to bid on and compensation and basic firms. The agreement involves million city in Fujairah. The the extension project. The infrastructure construction, National Development and Sheikh Mohamed bin Zayed expansion, which includes such as traffic systems and the Reform Commission of China, Al Nahyan City will comprise addition of 24 new airplane airport's taxiways and aprons. Russia's Ministry of Transport, 1,100 residential units, and gates will increase the size China Railway Corporation include schools, mosques, of the passenger terminal by $1.9 BN FOR THAI AIRPORT and Russian Railways clinics, parks, shopping malls, 50 per cent, enlarging it to EXPANSION (RZD). The high-speed line and a community centre. It roughly 900,000 sq mt. The Thai authorities have approved is part of the Moscow-Beijing is reported the city will be airport expansion is expected of a $1.9 billion expansion plan railway project which seeks located in the Al-Hail area to be completed within the next for Bangkok's Suvarnabhumi to construct a 7,000 km long behind Fujairah International three years. Airport. A committee will be railway connecting Russia, Airport. Infrastructure for the set up to look into the project Kazakhstan and China. The project will be planned by the CROSSRAIL TUNNELS details before presenting it line where the trains will travel Fujairah Municipality. COMPLETE to the Cabinet for approval. at 400 km per hour will subtract Train tunnels for Britain’s The expansion seeks to travel time between Moscow EGYPT SIGNS SUEZ Crossrail project in Docklands increase capacity at the and Kazan in the Republic of DREDGING CONTRACTS and southeast London are airport to 80 million over the Tatarstan dramatically from Authorities in Egypt have now structurally complete, next five years. The $4 billion 11.5 hours to 3.5 hours. awarded contracts to six following the breakthrough airport began operations international firms to carry by tunnel machine Ellie. It is in 2006 and has a current ARABTEC IN $40 BN EGYPT out dredging of the new Suez Ellie’s second drive, having capacity to accommodate HOUSING PROJECT Canal. The companies include already completed a 2.7 km close to 45 million passengers Dubai based construction firm National Marine Dredging stretch from Pudding Mill Lane annually. However, according Arabtec has announced plans Company of the UAE; the to Stepney Green. The machine to the airport, it handled to launch the first phase of a Netherlands based Royal will now be dismantled and approximately 50 million $40 billion housing project in Boskalis Westminster and Van returned to manufacturer passengers last year. The Egypt before the this year end. Oord; Jan de Nul Group and Herrenknecht, with the parts country is also looking to build The company plans to construct Deme Group from Belgium; recycled for future projects. three provincial airports and a one million homes in Egypt in a and U.S.-based Great Lakes The total funding available to third runway at an approximate project backed by the Egyptian Dredge and Dock Company. deliver Crossrail is £14.8bn. cost of $0.58 billion. u and UAE governments, as part The Suez Canal Authority The Crossrail route will pass of measures to reduce the also plans to develop 76,000 through 40 stations and country's housing shortage. sq km in the area into an run more than 100 km from Arabtec expects soon to international industrial and Reading and Heathrow in the conclude the final agreement logistics hub to attract more west, through new twin-bore with Egyptian authorities ships and generate income. 21 km (13 miles) tunnels to 80 construction opportunities|NOVEMBER 2014