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Loans will help fund Kazakhstan road project
The International Bank for Reconstruction and Development (IBRD) is providing an infrastructure loan that will help fund a key road project in Kazakhstan. A major portion of this funding will be used to construct a key 79.5km portion of the new international transit corridor connecting Western Europe with Western China.
May 23, 2013 – World Highways
Japan posts its tenth straight trade deficit in April
Japan has posted its tenth straight monthly trade deficit as a weaker yen increased the cost of imports more than it helped boost exports.
May 22, 2013 – BBC News
IMF: UK 'long way from recovery'
The UK economy is still a long way from "a strong and sustainable recovery", the International Monetary Fund (IMF) has warned.
May 22, 2013 – BBC News
U.S. Clean Diesel Technology Exports an Economic Powerhouse
On the occasion of World Trade Week, the Diesel Technology Forum today highlighted the importance of diesel engines, fuels and equipment in global commerce and international trade.
May 22, 2013 – Compact Equipment
Research Suggests Global Construction Industry Optimistic About Revenue Growth in 2014
Investments in IT infrastructure, public and private sector construction projects, and growing demand for sustainable construction should be key growth drivers
May 22, 2013 – forconstructionpros.com
CE Barometer April 2013: Market lacks direction
May saw confidence pick up in the European construction sector, with month-on-month activity improving and greater optimism about the future. However, respondents to the CE Barometer survey still said that they had less work than a year ago - a feature of the market that has persisted since February 2012.
May 22, 2013 – Construction Europe
Africa needs US$ 93 billion a year to 2020
The African Development Bank (AfDB) said investment of US$ 93 billion a year is needed to 2020 to close Africa's infrastructure deficit.
May 21, 2013 – International Construction
Talks to develop US$3.03bn Sydney F3-M2 road link
In Australia, New South Wales Roads Minister Duncan Gay said talks are continuing between federal and state governments to develop a US$3.03 billion (AUD 3bn) F3-M2 road link in north-west Sydney.
May 20, 2013 – World Highways
Europe's construction output sinks again
Construction output across all European member states (EU27) dropped 7.2% year-on-year in March and 7.9% within the Eurozone, according to the latest data from Eurostat.
May 17, 2013 – Construction Europe
Metro Manila's infrastructure projects worth more than US$240mn
Infrastructure projects valued at US$244.23 million (PHP 10bn) have been introduced by the Department of Public Works and Highways (DPWH) in the Metro Manila region of the Philippines.
May 17, 2013 – World Highways
Eurozone recession continues into sixth quarter
The recession across the 17-nation eurozone has continued into a sixth quarter, figures show.
May 15, 2013 – BBC News
Russia will create new transport infrastructure for 2018 FIFA World Cup
New transport infrastructure in Russia will be created from a US$4.178 billion (RUB 130bn) federal budget pot for boosting transport, energy supply, communications, utilities, and safety infrastructure ahead of the country hosting the 2018 FIFA World Cup.
May 15, 2013 – World Highways
New World Bank funds for India projects
The World Bank has approved two financing packages worth a total of US$ 318 million to support road improvement projects and low income housing development in India.
May 15, 2013 – International Construction
MTOP launches US$91mn Cuenca-Biblián rehabilitation project
Ecuador's transport and public works ministry (MTOP) has launched a tender for the rehabilitation of the 44km Cuenca-Biblián express highway.
May 14, 2013 – BN Americas
China's industrial output increase disappoints
Industrial production in China recorded a smaller-than-expected rise in April, underlining worries that the economy may be losing steam.
May 13, 2013 – BBC News
Mexico-Puebla highway second level build from early 2014
Construction of Mexico-Puebla highway's second level will start in early 2014, according to the head of the Communications and Transport Ministry, Gerardo Ruiz Esparza.
May 13, 2013 – World Highways
Indonesian authorities plan major road expansion
In Indonesia major road development plans are in hand for Papua, with an expansion of the network being set out. The Ministry of Public Works has detailed its strategic programme for Papua which includes the development of 11 roads totalling 37,499km in all.
May 10, 2013 – World Highways
Minimum of US$1.99bn for Rio de Janeiro state motorway works
Several motorways in the Brazilian state of Rio de Janeiro will undergo construction works costing at least US$1.99 billion (BRL 4bn) in 2013 as part of the state's economic growth plan.
May 9, 2013 – World Highways
UK industrial output beats forecasts, official figures show
UK industrial production was stronger than forecast in March, official figures show, boosted by manufacturing and a recovery in oil and gas output.
May 9, 2013 – BBC News
German industrial output rises
Germany saw a surprising rise in industrial output in March, reviving hopes about the strength of Europe's biggest economy.
May 8, 2013 – BBC News
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