Business & Industry
Infrastructure
Webuild Consortium Awarded A €928mn Ligurian Port Contract
World Construction Today - A €928 million project to build a new breakwater (a sea wall protecting a shoreline) somewhere at the Port of Genoa in Northern Italy has been awarded to a consortium led by Webuild.
The Genoa Breakwater...
Building Products
UK Construction Product Sales Drop For First Time In 2 Years
World Construction Today - According to the Construction Products Association's most recent State of Trade Survey, the two-year streak of sales increases for producers of construction products came to an end in the third quarter.
Additionally, manufacturers' projections of a...
Infrastructure
Housing Slowdown Warned Following Hike In UK Mortgage Rates
World Construction Today - After it was predicted that the number of consumers having trouble making their mortgage payments would reach a 15-year high, there were further warnings of a housing downturn in the UK. According to the Royal...
Infrastructure
Reserve Bank of Australia Sees Construction Sector Downturns
World Construction Today - The Reserve Bank of Australia has issued a warning that more bankruptcies in the home building sector are inevitable as builders struggle with escalating prices. Due to a sharp increase in expenses, as well as...
Infrastructure
For UK Commercial Property, Goldman Projects 20% Price Drop
World Construction Today - According to experts at Goldman Sachs Group Inc., the government's mini-budget last month caused a sharp increase in the cost of borrowing for landlords, which might cause a 20% decline in UK property values.
According to...
Infrastructure
Ministers Tasked With Future-Proofing The UK Construction
World Construction Today - A coalition of built environment organisations has urged the housing secretary to form a cross-industry taskforce to guarantee that new construction is future-proof.
In a letter to the secretary of state for levelling up, housing, and...
Infrastructure
Amid Dire Forecasts, Construction Sector Grows Again In UK
World Construction Today - For the first time in three months, construction production in the UK rose in September as easing supply constraints helped offset declining demand.
The month had the worst trend for new orders since the start of...
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