11 December 2019

Table of Contents for Ticker Tapes





Ticker Tape- International

TESLA OFFERS $2.8 BILLION FOR SOLARCITY

Elon Musk is to build a clean energy powerhouse as Tesla Motors Inc, offered to buy the solar installation firm Solar City Corp in a stock deal worth $2.8 billion. It would enable the company to sell customers an electric car, a home battery and a solar system together.

 

L&T JV BAGS CONTRACT TO BUILD QATAR STADIUM

The Al Balagh Trading & Contracting and Infra Giant Larsen and Toubro JV has been appointed main contractor to build the 40,000-seater Al Rayyan stadium in Qatar.The proposed stadium will host games up to the quarterfinal of the FIFA World Cup in 2022. . The Al Rayyan stadium is slated to be completed by 2019. The contract to develop the stadium is worth around USD 135 million (over Rs 900 crore). The stadium has been designed by Ramboll and Pattern. Post tournament, it will accommodate 20,000 seats and will be home to the Al Rayyan Sports Club. All construction on infrastructure for the 2022 FIFA World Cup is scheduled to be completed by 2020.

 

UK SUPPORTS PAKISTAN MOTORWAY UPGRADE

A US$100m loan is to be provided by the Asian Infrastructure Investment Bank (AIIB) for construction of the remaining 64km section of the M-4 connecting Shorkot and Khanewal.. The project is part of a 1,800km Central Asia Regional Economic Cooperation transport corridor. The AIIB and the ADB (The Asian Development Bank) will aid the government of Pakistan to create regional connectivity, economic growth and stability in Pakistan. Once the project is completed, it will help quell the travel time between Karachi and Peshawar and connect Pakistan with Central Asian countries, enhancing regional trade and commerce.

 

COLUMBUS TO BE USA’S FIRST SMART CITY

The city of Columbus in Ohio is to receive US$50m (£33.7m) in funding as winner of the US Department of Transportation’s SmartCity Challenge. Columbus is thrilled to be America’s first smart city out of the 78 applications USDOT received. Smart Columbus will deliver an unprecedented multimodal transportation system that will not only benefit the people of central Ohio, but potentially all mid-sized cities. Columbus was selected as the winner for its holistic vision for how technology can help all of the city’s residents to move more easily and to access opportunity. The city proposed to deploy three electric self-driving shuttles to link a new bus rapid transit centre to a retail district, connecting more residents to jobs. Columbus also plans to use data analytics to improve health care access in a neighbourhood that currently has an infant mortality rate four times that of the national average, allowing them to provide improved transportation options to those most in need of prenatal care.

 

 SYDNEY METRO AND METRO CITY SERVICE TO START BY 2024

The Australian state of New South Wales will allocate AU$6.2bn towards Sydney Metro City & Southwest and AU$5.8bn for Sydney Metro Northwest over the next four years. The tunnels for Sydney Metro Northwest were handed over within budget and 10 months early by 400 tunnellers and 4,600 workers who delivered the new section of new world-class railway ahead of schedule. The tunnels are now ready for railway tracks to be installed and the new metro stations. Funding in the next year for Sydney Metro Northwest includes laying tracks and building eight new metro stations, procurement of Sydney’s new fully-automated metro trains and ongoing construction of the 4km skytrain. Sydney Metro Northwest, which is scheduled to open in the first half of 2019. The first tunnel boring machine for Sydney Metro City & Southwest will be in the ground before the end of 2018, with services expected to start in 2024.

 

EUROPEAN COMMISSION TO BOOST TRANSPORT INFRASTRUCTURE

The European Commission has sanctioned an addition of €6.7bn (£5.3bn) into transport infrastructure and unveiled a list of 195 transport projects that will receive funding under the Connecting Europe Facility (CEF). The investment is expected to unlock additional public and private co-financing for a combined amount of €9.6bn. Selected projects are primarily located on the core trans-European transport network (TEN-T). Among the beneficiaries are the rehabilitation of the Brasov Sighisoara section of railway in Romania, the Aveiro Vilar Formoso railway in Portugal and the modernisation of railway line E30 (the Zabrze – Katowice – Krakow section) in Poland.

 

SALINI IMPREGILO BAGS KUWAIT CONTRACT

Salini Impregilo has been awarded a US$955m (£664m) contract in Kuwait with a 55% stake in the project. The contract for Kuwait’s Public Authority for Housing Welfare is part of the South Al Mutlaa housing project and involves the creation of a 12,000ha urban residential development approximately 40km northwest of Kuwait City. The project which includes the construction of 150 km of roads and structures related to it such as lighting infrastructure, water distribution, rainwater gathering, sewage system and civil works. The new city will house 40,000 people once completed with benefiting amenities likes hospitals, schools, social services and commercial areas.

 




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