Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Civil Engineering in the papers today - Tuesday 20 January

The money to finance the upgrade of 11 miles of the A80 in central Scotland to motorway standard has finally been raised in a public finance initiative deal that has been closed 'against all the odds,' according to one adviser involved in the project...

...The deal for the £320M ($461M) scheme to design, build, finance and operate the motorway has come as PFI projects are finding it difficult to obtain bank finance - Financial Times

The Channel Tunnel would be back at full capacity from the night of February 8 after the completion of fire repairs, the company that operates it said yesterday. Eurotunnel said the end of the work would mean it had the capacity to run six truck shuttles an hour in each direction from February 9. Truck shuttles are the company's most lucrative traffic - Financial Times

Airports operator BAA is understood to have received at least three bids for Gatwick airport by yesterday's deadline for initial offers, but the final lineup could be longer. Global Infrastructure Partners, the joint venture between General Electric and Credit Suisse, which owns London City airport, has confirmed it has made an offer - The Guardian

BAA, the UK airport operator, received at least six indicative bids to acquire London Gatwick yesterday, as the process to take over the second-largest UK airport intensifies. However, bids are expected to be depressed both by the problems of finding sufficient debt finance - and the cost and terms of the debt - as well as by falling passenger traffic - Financial Times

Britain's attempts to position itself as a centre for the green power industry suffered a blow yesterday when it emerged that ministers have refused to commit the country to a new international body set up to promote renewable power. The German environment secretary, Matthias Machnig, who came up with the idea for the International Renewable Energy Agency, said he was disappointed that countries such as the UK and America was dragging their feet - The Guardian

BP's green energy arm is under pressure from plunging oil prices and the credit crunch, its chief executive admitted yesterday. Vivienne Cox, chief executive of BP Alternative Energy, said it would be "foolish" to deny it was harder to get cash for projects in the current climate - The Guardian

The European Union demanded to know yesterday precisely when Russian gas supplies would be turned back on after an agreement purportedly ending a bitter energy dispute with Ukraine was signed in Moscow. The European Commission said that a team of EU inspectors was on standby to verify the resumption of supplies after 12 days of an unprecedented East-West energy crisis that has left millions of people hit by severe gas shortages - Daily Telegraph

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.