News Builders welcome Trump’s 30-day tariff pause US house builders have welcomed Donald Trump’s 30-day pause on his plan to impose 25% tariffs on imports from Canada and Mexico, but they urge more dialogue to make the…
News Trade surges by 31% on China’s New International Corridor China’s New International Land-Sea Trade Corridor has reported a surge in growth, according to figures released by China Railway Nanning Group and reported by the government. The “corridor” is a…
News Trump’s tariffs will stoke US housing crisis, builders say Donald Trump’s 25% tariffs on goods imported from Canada and Mexico, announced Saturday, will raise the cost of vital materials used in residential construction and fuel the housing affordability crisis,…
News Saudi Arabia’s Neom secures $3bn of Italian funding Saudi Arabia’s $1.5 trillion Neom development has secured $3bn in funding from state-owned Italian financier SACE, paving the way for Italian businesses, suppliers and SMEs to work on the programme’s…
Companies Japan’s construction bankruptcies reach 10-year high Bankruptcies among Japanese construction companies reached a 10-year high in 2024 sparked by rising material and labour costs, according to a report by Tokyo Shoko Research (TSR). Last year, 1,924…
News Engineer pays $97m to settle fraud claim over shipyard project A contractor hired for a radiation clean-up project at a former shipyard in San Francisco has agreed to pay $97m after a 12-year legal battle. According to a Securities and…
News China may invest $60bn in Turkey’s rail network China is considering investing $60bn to upgrade Turkey’s rail network, South China Morning Post reports. Burak Dağlıoğlu, president of the Invest in Türkiye agency, said the work could include a…
Markets Growth predicted for European construction Management consultant Bain & Company predicts a recovery in some of Europe’s biggest construction markets in 2025 after a two-year slump over 2023-24. Its analysis covers the UK, the Nordics,…
News China resumes funding for Nigerian rail with $254m loan After a hiatus of several years, China has resumed lending for Nigerian rail development with an initial $253.7m loan approved by the China Development Bank for the Kaduna-Kano railway, the…
News ‘Rebuild quickly’: California governor waives rules to speed reconstruction California governor Gavin Newsom has signed an executive order intended to speed up reconstruction and reduce price gouging once the Californian wildfires are extinguished. The order will suspend aspects of…
News Massachusetts construction boss sentenced to 18 months The owner of two construction companies in Massachusetts has been sentenced to 18 months in prison and three years of supervision after being found guilty of tax and mail fraud.…
Companies Strabag buys Georgiou for €140m to enter Australian market Austrian contractor Strabag has agreed a €140m deal to buy all the shares in Australian civil engineer Georgiou Group. The takeover approved by Strabag’s supervisory board on 17 December will…
News Bam fined over ‘irregular payments’ in Africa The Dutch Public Prosecutions Office has fined contractor Bam €30,000 over “potentially irregular payments” made during a development in Africa. The potential irregularity was discovered during an investigation into another…
News Hong Kong could cut building costs by using Chinese standards, association says The Hong Kong Construction Association says Hong Kong could adopt mainland Chinese standards for construction materials instead of using British and EU standards to cut building costs, which are currently…
News ‘Crumbling bridges’: German builders raise alarm over budget limbo Industry representatives in Germany have warned that prolonged budget uncertainty brought about by the collapse of the country’s government is putting vital transport infrastructure at risk. “We are extremely worried,”…
News ‘They’d lose half their labour’: Texas builder sounds warning over Trump deportation plans A contractor in Texas has warned that construction will suffer if Donald Trump fulfils his main campaign pledge to round up and deport millions of undocumented migrants. Around 295,400 undocumented…
News China calls for action on unpaid construction wages amid spate of mass killings In response to an unusual spate of mass killings in China, Beijing has launched a three-month campaign to pressure the country’s indebted local governments to clear the vast backlog of…
Companies French investment consortium buys majority stake in Systra Two French investment companies, Fimalac and Latour Capital, have acquired a 58% stake in Systra, a Paris-based engineer that specialises in the transport sector. Systra commented that the deal would…