Road Construction News
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World Bank President Jim Yong Kim said the lender’s $1 billion pledge to Africa’s Great Lakes region obliges countries including the Democratic Republic of Congo and Rwanda to adhere to a peace accord signed in February.
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Basil Read Holdings Ltd., a South African construction company, dropped the most in more than six months after it said unprofitable road-building projects will weigh on full-year earnings.
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The Internal Revenue Service completed rules today that define how wind-farm developers can qualify for tax breaks.
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The European Bank for Reconstruction and Development approved a 28.5 million-euro ($37 million) sovereign loan to Brcko in northern Bosnia-Herzegovina to support road construction.
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Galfar Engineering & Contracting SAOG, an Omani construction company, said it teamed up with Indian companies to win three road construction contracts in the South Asian country.
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LLC Northern Capital Highway agreed with the St. Petersburg city administration to invest 70 billion ($2.3 billion) rubles to build the central part of a highway connecting the city’s north and south districts.
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Prime Minister Vladimir Putin’s cousin Igor Putin’s Surguttruboprovodstroy pipeline builder is expanding into road construction, Kommersant reported, citing an unidentified company official.
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China will lend Uganda $100 million for road construction, the African country’s works and transport ministry said in a report distributed in Kampala, the capital, today.
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The U.K. government will increase spending on infrastructure projects by an annual 3 billion pounds ($4.6 billion) from 2015 as Chancellor George Osborne seeks to boost economic growth.
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