Tag : Project finance
Highways England must wait until June to find out how the flagship Lower Thames Crossing and Stonehenge Tunnel projects will be funded, after chancellor Philip Hammond launched a consultation into replacing the scrapped private finance initiative (PFI) funding model.
Sirius Minerals insists that the construction of its $4.2bn (£3bn) polyhalite mine in Yorkshire is still on schedule despite the government cutting £500M worth of funding.
Latest Aberdeen Bypass delay costs Galliford £20M Subscription
Galliford Try will have to find an additional £20M to complete the Aberdeen Bypass contract due to project delays, the contractor has revealed.
Projects should be subject to a far more “rigorous examination” of their benefits before they are approved, the chief executive of the National Audit Office (NAO) has said.
Contractual and financial arrangements for major projects should be subject to greater standarisation, International Federation of Consulting Engineers (FIDIC) chief executive Nelson Ogunshakin has told the World Bank.
What is the single biggest challenge faced by infrastructure clients today? And how can the civil engineering profession help overcome it?
Debate | Project InitiationSubscription
Although the construction phase of a project can have its challenges, major infrastructure schemes are increasingly finding themselves stumbling at the early stages.
Crossrail 2 is struggling to find financial backers, Network Rail has fundamentally changed its business to attract third party funding and the debate on how infrastructure projects in the UK should be financed is gathering great speed.
Ground engineering specialist Keller has admitted 2018 will be a “challenging year” for its UK business as it revealed reduced margin in its 2017 financial results.
Skanska to cut 3,000 jobs in cost saving driveSubscription
Skanska is to cut 3,000 jobs and carry out a major restructure following difficulties in its European business.