Megaprojects, writes Bent Flyvbjerg, a leading expert on the topic, “are large-scale, complex ventures that typically cost more than 1 billion US Dollars, take many years to build, involve multiple…

Shenzhen has become China’s first tier-one city to announce plans to buy unsold homes from struggling developers to turn them into rentals for low-income people. It comes three months after…

An Oklahoma contractor specialising in erosion control on highway projects has been charged, along with its vice president and another employee, with a price-fixing conspiracy targeting more than $100m worth…

A flagship project of President Joe Biden’s $1.3 trillion bipartisan Infrastructure Investment and Jobs Act (IIJA) is accelerating this summer, a senior project leader tells GCR. Amtrak’s $6bn programme to…

A jury in Philadelphia has ordered that the widow of a construction worker should receive compensation of $68.5m after it found his death was due to negligence. Siarhei Marhunou, 38,…

The UK construction market is set to reach £476.6bn by 2027. Unquestionably, the industry is undergoing a lot of transformation, shaped by technological advancements, socio-economic and political factors, environmental concerns,…

Saudi Arabia will be the world’s largest construction market, according to a report by property consultancy Knight Frank and covered in the business press. It said industry output reached $141bn…

Official data shows that new-home prices in China fell at the fastest rate in nine years last month, Reuters reports. They dropped 0.7% in May from the previous month, Reuters…

A controversial project to reorganise the rail network around Stuttgart has been delayed by more than a year, reports Der Spiegel. The Stuttgart 21 scheme involves building a main underground…

Australian construction group Lendlease has announced plans to exit international markets in the next 18 months. The move will allow the company to “recycle” US$3bn in capital by completing projects,…

Kenya has secured $3.6bn of funding for a 440km motorway between the capital of Nairobi and the port city of Mombasa. The Usahihi Expressway is set to become the longest…

Hong Kong police have launched an investigation after an employee of engineering consultant Arup was tricked by deepfake imagery and sound into sending criminals HK$200m (US$25m) earlier this year. Arup…

US President Joe Biden’s bipartisan Infrastructure Investment and Jobs Act (IIJA) will save the average American household nearly $700 a year in the coming two decades, but that gain will…

New York City is trying to break free from state rules requiring the use of lowest-bidder contracting, rallying at City Hall last week under the slogan “Let NYC Build Better,…

Spain’s Ferrovial launched on New York’s Nasdaq stock exchange yesterday, meaning its shares are now trading in the US, Spain and the Netherlands under the ticker symbol “FER”. It called…

Academics at Michigan University argue that China’s property-sector woes may have causes beyond the overambition of developers and the government’s actions to limit the ballooning debt in the sector. Led…

Police in Florida have arrested 16 men in a sting operation designed to detect contractors trading illegally. The sting was carried out in Manatee County over three days in April.…

London has once again become the world’s most expensive city to build in, after briefly losing the dubious honour to Geneva last year. The ranking of the world’s 10 most…