Lane (Webuild) jv named preferred team to upgrade Tampa’s Westshore Interchange project in Florida, U.S.A.
- Lane records €809 mln in new orders, acquired or to be finalised so far this year
- Lane’s order backlog reaches more than €3 bln
Lane, the U.S. subsidiary of the Webuild Group, and its joint-venture partner have been named preferred team in exclusivity for a project to modernise the Westshore Interchange (I-275/SR 60) in Tampa, Florida, a multi-year effort whose combined value is to total $1 billion (€943 million). The joint-venture, in which Lane has a 50% stake, has already signed a $10-million (€9.4 million) contract with the Florida Department of Transportation for the planning phase of the project.
Cimic´s Leighton Asia Wins Railway Project in Philippines
Cimic Group company Leighton Asia has been selected by the Philippines Department of Transportation to construct a section of the North South Commuter Railway System – South Commuter Railway Project (SCRP), a project that will ease road congestion around Manila. The Leighton-First Balfour joint venture will construct Contract Package S-03B (CP S-03B) for the project, generating revenue of approximately A$283 million for Leighton Asia.
Cimic Group Executive Chairman Juan Santamaria said: “The project is part of the Government’s larger strategic transportation network to boost economic and urban growth between metro Manila and southern Luzon. We have a proven history in the region and we are pleased to be selected to deliver a vital infrastructure project that will benefit the community for decades to come.”
Leighton Asia Managing Director Brad Davey said: “Leighton Asia has a strong track record and expertise in delivering world-class railway projects. Our portfolio includes the Express Rail Link West Kowloon Terminus Station in Hong Kong, the largest underground railway station in the world. We are honoured to deliver the SCRP CP S-03B package and are committed to leveraging our 26 years of local experience in the Philippines to provide a safe and quality asset for our client and community.”
The works include civil engineering, tunnel and building works for approximately 6.1km of the railway with 4.7km of the underground railway and 1.4km of at-grade railway. It also includes the construction of the FTI Station, tunnelling works to connect to the Metro Manila Subway Project Senate Station, and mechanical, electrical, façade and other ancillary works.
SCR CP S-03B is a section of the nearly 56km long SCRP financed by the Asian Development Bank. It runs along the existing Philippine National Railway and is comprised of 19 stations. The SCR will connect metro Manila to Calamba, southern Luzon and ease road congestion upon completion.
Construction is anticipated to commence in Q3-Q4 2023 and complete by 2029.
Source: Hochtief AG
Revenues for the first quarter totaled SEK 19,962 m (21,812) and operating profit excluding revaluation of process inventory was SEK 3,020 m (4,466). Free cash flow totaled SEK -46 m (674).
“We have fundamentally high stability in all of our units. However, during the quarter several factors affected us, leading to production challenges, especially in our mines. At the same time, it’s pleasing that our major investment projects are proceeding according to plan,” says Mikael Staffas, President and CEO.
Metso Outotec has not taken new orders from Russia since Russia’s attack on Ukraine in February 2022. To speed up discontinuation of contracts made before the war, the company started negotiating with its non-sanctioned customers to wind down open contracts.
Hexagon’s Mining division has received the EcoVadis Gold Sustainability Rating, putting the global leader in mining technology for planning, operations, and safety in the top third percentile of those assessed. The Sustainability Scorecard that EcoVadis uses recognizes performance across 21 indicators in four themes: environment, labor and human rights, ethics, and sustainable procurement. The Mining division was assessed under the “manufacturers of computers and peripheral equipment” category, scoring well above industry standards across all areas.
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