Vinci set to take over Solétanche
French construction giant Vinci is set to take over Solétanche, parent company of international geotechnical contractor Solétanche Bachy, by acquiring 81% of the capital and increasing its holding to 100%.
Solétanche Bachy has a 4000 strong workforce and turnover exceeded 21bn (£672M) last year. The acquisition will take effect following employee consultation, the completion of an operational review and when relevant administrative authorisations are obtained.
Fined for radioactive dumping
UK Atomic Energy Authority (UKAEA) was ned £140,000 last month for allowing radioactive fuel fragments from Dounreay to enter the environment and illegally dumping radioactive waste at a landll on the site. The Scottish Environment Protection Agency (SEPA) said the ruling serves as a stark warning to those who practise poor waste management. UKAEA admitted four charges under the Radioactive Substances Act 1960.
Report warns of land erosion
The National Trust has published a new report, Shifting shores, forecasting that three-quarters of Welsh coastline in its care could lose land by erosion from climate change over the next century. The 230km stretch represents one sixth of the total coastline in Wales and the trust says that 66 of its coastal sites there are at risk of ooding.
Toxic wreck to be buried
The Norwegian government will bury a toxic WW2 German submarine wreck lying off its coast to avoid spreading mercury pollution.
The wreck of the U-864 has been there since 1945 and the Norwegian Coastal Administration has recommended entombing it with olivine sands followed by erosion protection materials. Dag Terje Anderson, acting minister of Fisheries and Coastal Affairs, ruled out raising the wreck after independent risk assessments suggested it could cause the uncontrolled spread of contaminants.
EA awards £500M contract
The Environment Agency has selected Team Van Oord as one of seven contractors to share £500M of work over four years including ood defence.
The work in England and Wales begins next month. Team Van Oord is a partnership between Van Oord, May Gurney and Mackley. Joining it on the contract will be Jackson Civil Engineering, Morrison Construction Services, Volker Stevin, Birse Civils, Inteserve Project Services and Westminster Dredging/Dean and Dyball.