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Construction of sixth Arctic patrol ship at Irving Shipbuilding to cost $800M — double the cost of the other five
The project was originally to build five AOPS and only proceed with a sixth if Irving could find savings and work within the existing budget. That didn’t happen.The Liberal government announced the construction of the sixth Arctic and Offshore Patrol Ship, or AOPS, last week after a push by Irving and its employees for additional […]
Construction starts on 220-megawatt solar park in Mexico
The Enel Group has commenced construction of a 220 megawatt solar photovoltaic park in Mexico via its subsidiary, Enel Green Power Mexico. The Magdalena II facility is located in the state of Tlaxcala, the business said in a statement Tuesday. Investment in the construction of the project is expected to be around $165 million. Photovoltaic...
Liquidity squeeze depresses construction, real estate companies
The on-going liquidity crisis that has affected virtually every sector in the country is taking a toll on the construction and real estate companies listed on the Nigerian Stock Exchange, NSE, as the sector currently ranks one of the worst performing sectors in the stock market. The sector is the only one that posted negative […]
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