18 October 2019

Table of Contents for Ticker Tapes





Ticker Tape- International

BATTLE FOR MELBOURNE METRO

Forty four international contracting firms from 11 countries have registered their interest the £5.5 billion Melbourne Metro Rail project. The project proposal which includes two 9km rail tunnels and five underground stations will be one of Australia’s largest infrastructure projects. Firms that have shown their interest include Salini Impregilo, Acciona and Australian businesses Lendlease, Thiess, Brookfield Multiplex and CPB. The scope of work covers the design and construction of the tunnels and stations, as well as the financing, operation and maintenance of the infrastructure. It is reported additional works will be delivered through separate procurement packages, including relocation of existing services, reconfiguration of existing tracks, and high capacity and conventional signalling upgrades.

 

 

DAMAC TO BEGIN AYKON CITY

Dubai developer Damac Properties will commence construction of the $2.1 billion Aykon City project very soon. The 4 m sq ft development situated at the Safa Park intersection and in close proximity to the Dubai Water Canal comprises six towers, including 80-storey Aykon Hotel and Residences and a 63-storey Damac Maison Serviced Hotel Residences. Also included within the plan are a 60-storey apartment tower, a 65-storey office tower, and two 30-storey "ultra-luxury" residential towers, which will feature car lifts to each unit.  The project is expected to be completed by 2021.

 

 

TUBE TUNNEL CONTRACT FOR TRELLEBORG

Trelleborg has bagged a contract from a joint venture of Penta Ocean and China State to seal an immersed tube tunnel project by MTR Corporation in Hong Kong.  As per the contract the company’s engineered products unit will supply Gina gaskets which serve as the primary seal to prevent water ingress caused due to external water pressure. These will be used to connect 11 concrete elements of approximately 160 m each on the Shatin to Central link project.  It is reported the 1.3km long tunnel will carry twin rail tracks connecting Kowloon with Hong Kong Island. It is reported site works on the Victoria Harbour have been initiated and Trelleborg has started production of gaskets for the project which be completed in two phases by 2018 and 2020 respectively.

 

 

ITALIAN FIRM FOR IRAN HIGH SPEED RAIL

Iranian railway authorities have signed a memorandum of understanding with Italian transport operator Ferrovie dello Stato(FS) to design and build two high-speed rail lines in that country. While one of the two high-speed rail lines will link Tehran to the city of Hamadan, the other will connect the industrial cities of Arak and Qom. The scope of work for FS includes planning and construction of a high-speed rail corridor between Tehran, Qom and Isfahan. The agreement is part of Iran's $25billion plan over the next ten years to expand its nationwide rail network from the existing 15,000 km to 25,000 km.

 

 

MUSCAT INTL AIRPORT BY YEAR END

Authorities in Oman have announced completion of construction of the new Muscat International Airport by the end of this year. 86 per cent of the project work was completed last year, the delay owing largely to contractors. The airport’s official launch date has yet not been announced since it takes up to six months for airlines to start operating at an airport following its construction. After the completion of the construction, the airport will undergo a four to six month trial period.

 

 

$1.5BN FOR EGYPT’S NEW CAPITAL 

The African Development Bank has announced financial assistance to the extent of $1.5 billion for Egypt’s New Administrative Capital project. Egypt plans to build a new, 700 square kilometers administrative capital east of Cairo. It was among the projects marketed during the economic summit of investors in Sharm el-Sheikh in March last year.

 

 

$1.3 BN RUNWAY FOR O’HARE

Chicago’s O'Hare International Airport is planning to construct a new $1.3 billion runway with the aim of subtracting on congestion at the airfield and to avoid delays. The scope of work includes construction of a sixth runway stretching from east to west, additional de-icing pads and new taxiways. It is reported the de-icing pads will help planes take off in the air faster, while new taxiways will enable easy movement of planes to and from gates. According to the authorities the 11,245ft-long and 200ft-wide runway is expected to be commissioned in 2020 and will be used by both arriving and departing flights.




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