High steel prices hit contractors in Thailand The Russia-Ukraine war is pushing up domestic steel prices, which have already risen by 20%, causing homebuyers and construction firms to shoulder higher expenses. Steel is among the raw materials experiencing a price hike, following the eruption of the conflict 48 days ago, which has also driven up […]
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Hanoi housing prices keep rising on low supply, inflation fears Housing prices in Hanoi rose the most in five years, driven up by limited supply and the specter of inflation. According to leading property consultancy CBRE, the average price of a new apartment increased by 13 percent to US$1,655 per square meter. In the secondary […]
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Vietnam’s longest expressway connecting the Van Don Economic Zone and Mong Cai Town in northern Quang Ninh Province nears completion An expressway connecting the Van Don Economic Zone and Mong Cai Town in northern Quang Ninh Province is expected to be completed in the second quarter this year reports VN Express. Van Don – Mong […]
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Ho Chi Minh City’s Tan Son Nhat airport upgrade delayed The Transport Ministry has criticized the management board and contractors of a project to upgrade Ho Chi Minh City’s Tan Son Nhat airport which has fallen behind schedule. The repair and upgrade of the 25R/07L runway, three kilometers long and 46 meters wide, was started […]
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Thailand’s CK Power to build hydropower plant near Luang Prabang on Mekong River in northern Laos CK Power Plc (CKP), the power generation arm of construction firm CH Karnchang Plc, expects to start building a new hydropower plant near Luang Prabang on the Mekong River in northern Laos as it joins the global trend of […]
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Bidder pays 18.5 million baht (US$ 549,583) for ‘luckiest’ car licence plate in Thailand Thailand’s first-ever auction of “special licence plates” saw stiff competition among bidders on Thursday, with a top price of 18.5 million baht (US$ 549,583) paid for the most auspicious plate. The Department of Land Transport (DLT) has auctioned off the so-called […]
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Light rail transit (LRT) project linking Bangkok’s Bang Na intersection and Suvarnabhumi airport is expected to break ground in 2025 SEE ALSO: Study Begins On Light-Rail Link Between Bang Na Intersection And Suvarnabhumi International Airport Along Bang Na-Trat Road The light rail transit (LRT) project linking Bang Na intersection and Suvarnabhumi airport is expected to […]
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Andritz and Electricity Generating Authority of Thailand to explore hydro opportunities in Thailand Andritz and the Electricity Generating Authority of Thailand (EGAT) have agreed to jointly explore and expand business opportunities for hydropower projects in Thailand and surrounding countries. The two firms have signed a Memorandum of Understanding (MoU) that will involve expanding the digitalization […]
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Prolonged Conflict in Ukraine Could Impact Construction Costs in Thailand The Siam Cement Pcl or Siam Cement Group (SCG) has indicated that prolonged armed conflict between Russia and Ukraine will likely affect costs in the construction sector. Nithi Patarachoke, chairman of SCG’s board of directors, said the largest and oldest cement and building material company […]
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Consultant for HCMC’s 2nd metro line ends contract over fee dispute The consultant for HCMC’s metro line No. 2 has pulled out after negotiations to increase its fee and sign a fresh contract failed. The consortium of three German companies and a Swiss and Vietnamese company said it has ended the independent consultant (IC) agreement […]
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