New York is the most expensive city to build in and San Francisco comes second in UK consultant Turner & Townsend’s 2025 ranking of the costliest cities in the world…

A report by UK-headquartered Mace has analysed 5,000 mega- and giga-projects worldwide, finding that 11% are at risk of delays or cancellation, with a potential loss of $1.5tn in global…

German federal transport minister Patrick Schnieder last week committed €166bn over the next five years to tackle the backlog of dilapidated transport infrastructure in the country. That’s a 62% increase…

The newly elected government of Gabon has signed two agreements with the Africa Export-Import Bank accepting loans worth more than $3.2bn for industrial development. The funding is equal to 16%…

US construction spending in May saw its biggest year-on-year slump in six years as developers delay or cancel projects amid confusion over US President Donald Trump’s policies on tariffs, labour…

India’s central bank, the Reserve Bank of India (RBI), has said it will require lenders to keep money in reserve equal to 1% of the value of loans given to…

New York-based investor Brookfield Asset Management plans to invest $10bn in AI infrastructure in Sweden. The centrepiece will be an AI data centre in Strängnäs, about 20km west of Stockholm.…

Mexico plans to raise $6.6bn in public and private funds to upgrade 62 airports by 2030. Tania Carro Toledo, undersecretary for communications and transportation told the National Transportation Infrastructure Forum…

Construction management tech platform Buildots has secured another $45m in series D funding from investors in a round led by Qumra Capital along with OG Venture Partners, TLV Partners, Poalim…

A Singaporean builder has been fined just under S$4.3m (US$3.3m) for colluding with a Chinese firm to rig bids for community-centre projects worth some S$56m in the city state. The…

The government of the Maldives and Dubai’s MBS Global Investments have announced plans to build a $8.8bn, 780,000 sq m, mixed-use development. The Maldives International Financial Centre, as it will…

Shanghai-based machinery maker Sany Heavy Industry is reporting $10.88bn in revenue for 2024 – a 6.2% hike on the year before – with net profit attributed to shareholders surging by…

Tuesday marked the 100th day of President Donald Trump’s second term in office and there are signs of stress and jitters in the US construction industry, with rising prices, falling…

Washington University in St. Louis, Missouri has become the latest US university to halt major construction projects as the Trump administration sows confusion over funding. It hit pause on a…

Canada’s C$6.4bn Gordie Howe International Bridge linking Windsor, Ontario and Detroit, Michigan is due to open in September, but President Trump’s trade war on Canada could make it a white…

US law firm Berger Montague has filed a class action antitrust lawsuit in Chicago district court against an alleged “cartel” of some of the country’s biggest construction equipment rental companies,…

Hong Kong’s High Court has liquidated Paul Y. Engineering, a construction and civil engineering company founded in 1946, after it defaulted on debt repayments. Paul Y. is currently involved with…

The University of Arizona (U of A) has stopped construction of an estimated $300m biomedical research hub in downtown Phoenix as the Trump administration slashes university funding. Planned since 2022,…