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Proposal to Immediately Expand the HCMC-Long Thanh Expressway to 10 Lanes Deputy Prime Minister Tran Hong Ha said the decision to invest in expanding the HCMC-Long Thanh Expressway should be based on the progress and economic efficiency, so that the next steps can be implemented – Photo: VGP/MK On the morning of May 3, Deputy Prime Minister Tran Hong Ha chaired a meeting to listen to a report and give opinions on the investment plan to expand the HCMC-Long Thanh section of the HCMC-Long Thanh-Dau Giay expressway project. The report of the State Capital Management Committee at the Enterprise said that the HCMC-Long Thanh-Dau Giay Expressway in phase 1 came into operation on June 30, 2016 with a total length of 55 km, of which the HCMC-Long Thanh section was 25.92 km. Since its opening, the traffic volume on the HCMC-Long Thanh expressway (from Km 00 to Km 25+920) has continuously increased, and is expected to exceed 25% of the current four-lane capacity in 2025, resulting in frequent congestion. The expansion of the HCMC-Long Thanh expressway is also aimed at meeting the transportation needs after some key transportation projects are put into operation, such as: Phase 1 of Long Thanh International Airport with a capacity of 26 million passengers/year, Bien Hoa-Vung Tau Expressway, and the development of the Cai Mep-Thi Vai seaport area. Mr. Nguyen Ngoc Canh, Vice Chairman of the State Capital Management Committee at Enterprises said the Vietnam Expressway Corporation (VEC) has studied and proposed to expand the section from the intersection of Ho Chi Minh City Ring Road 2 to the Bien Hoa-Vung Tau Expressway junction (Km4 to Km25+920) with a scale of 8 lanes, ensuring the possibility of expanding to 10 lanes. At the meeting, leaders of the Ministry of Planning and Investment, Ho Chi Minh City, and Dong Nai province said they should consider the investment plan to expand the HCMC-Long Thanh expressway immediately to 10 lanes instead of 8 lanes as proposed. From the investment plans presented at the meeting, the comments analyzed the consistency with the investment law regulations; investment form; scope, scale of the investment project; authority to approve investment policy, investment project decision; capacity to balance, mobilize capital sources/debt repayment obligations; relationship between the existing project (invested in the form of public investment) and the new investment project, etc. Deputy Prime Minister Tran Hong Ha emphasized that expanding the HCMC-Long Thanh section is an urgent issue, ensuring consistency with the infrastructure planning and meeting the requirements of socio-economic development. The decision of the investment plan is based on the progress and economic efficiency, so that the next steps can be implemented. About the plan to assign VEC as the investor, the Deputy Prime Minister directed the State Capital Management Committee at the Enterprises, the Ministry of Transport, the Ministry of Fina...

✈️ Heathrow’s Expansion: UK Steel backs boost for British industry This week UK Steel signed Heathrow Airport's letter, which was published in The Times on Sunday. The new £2.3bn expansion of Heathrow Airport is a significant investment in the UK’s growth, particularly if UK-made steel is prioritised in the project. An additional runway would pose an even bigger opportunity. The UK steel sector should play a central role in shaping this world-class infrastructure, and 80 lobby groups, unions and businesses co-signed the letter as billions of pounds could flow into domestic supply chains. The construction of Terminal 5 alone required approximately 18,500 tonnes of steel for the main terminal building’s roof. Additionally, the new air traffic control tower used around 1,100 tonnes of steel. Going forward, the expansion will be a major opportunity to utilise more UK-made steel, uplift steel regions and boost local jobs. 🔗 Details on the £2.3bn expansion plan: https://lnkd.in/gT_A7Yr4 #UKSteel #HeathrowExpansion #BritishIndustry #Infrastructure #Steel #UKMfg

Calling Businesses: Help Shape the Future of North Staffordshire's Transport Businesses in North Staffordshire are being urged to back highways improvements to the A50/A500 corridor. Midlands Connect is building a case for government investment to transform this crucial east-west corridor into a hub for sustainable growth and investment. Enhancing the A50/A500 could unlock new opportunities, boost economic growth, and solidify the region’s role as a key player in the UK’s transport network. How would better transport links benefit your business or community?  Share your thoughts below 👇 Read more about the proposals and how you can get involved: https://lnkd.in/e2NeCdiU #TransportInfrastructure #MidlandsConnect #NorthStaffordshire #A50A500 #EconomicGrowth #SustainableDevelopment #BusinessOpportunities

Port gateways are essential hubs of economic and real estate growth, offering transformative opportunities for stakeholders willing to embrace their complexity. Informative piece from Patrick Beard, MBA and Jacob Crist MBA, CRE, CCIM: https://bit.ly/4aq15Ko #ColliersIndustrial Colliers Industrial | U.S.

Ferrovial announces a new deal with French private equity fund Ardian and Saudi Arabia’s Public Investment Fund (PIF) to sell most of its 25% stake in Heathrow Airport, retaining 5.25%. Ardian and PIF to acquire 22.6% and 15% respectively of FGP TOPCO LIMITED, HEATHROW AIRPORT HOLDINGS LIMITED' parent company, for £3.26 billion (S$7.1 billion), valuing Heathrow at £8.66 billion. The sale is expected to complete by the end of 2024, pending regulatory approval. Ferrovial, now based in the Netherlands, is focusing on US expansion, with projects such as a new terminal at New York’s JFK International Air Terminal International Airport. The company is also exploring selling stakes in Aberdeen, Glasgow, and Southampton airports in collaboration with Australian financial group Macquarie Group. The European airport sector sees heightened activity, with VINCI Airports acquiring a majority stake in Edinburgh Airport earlier this year. #Heathrow #Growth #Airports #Infrastructure #Travel #Aviation #Investment #Innovation #Performance #Business I The Business Times I Reuters

Caisse de dépôt et placement du Québec and Ferrovial have reduced their holdings in Heathrow's parent company, FGP TopCo, with Ardian and PIF acquiring significant shares for £3.3bn. https://hubs.la/Q02_VBHJ0

Heathrow's GBP 2.3 billion major investment towards the future of the England Heathrow, the UK's leading international airport, has announced an accelerated investment plan of GBP 2.3 billion over the next two years. This is the largest private sector investment in the UK's transportation infrastructure and represents an increase of GBP 244 million over previous estimates. Investment is set to accelerate the airport's decarbonization ambitions, improve the passenger experience and create new opportunities for businesses across the country. Heathrow CEO Thomas Woldbye stated: “Heathrow is not only the UK's gateway to the world, it is also the center of the country's growth. The investment plan we are announcing today will help us deliver a better experience for our passengers and make a strong contribution to the national economy. We will continue to deliver more than GBP 1 billion of private sector investment in our airport every year.” Building Terminal 5 required 18,500 tons of steel, while the air traffic control tower required 1,100 tons. The planned expansion now has the potential to strengthen the industry and boost local employment by using more UK steel. According to UK Steel, the use of UK-made steel in Heathrow extension projects could make a significant contribution to both the economy and the industry. The company believes that these investments not only strengthen the country's infrastructure, but also offer a unique opportunity to boost the local economy by revitalizing steel producing regions.

The Board of Directors of Megawide Construction Corporation resolved to authorize: Edgar B. Saavedra, the Chairman of the Board and Chief Executive Officer of the Company; and Christopher A. Nadayag, Treasurer of the Company, to sign and execute a Share Purchase Agreement with GMR Global Pte. Ltd. (formerly GMR Holdings Overseas Singapore PTE Limited (GHOSPL), for the Company’s acquisition of GHOSPL’s shares in Megawide GMR Construction JV, Inc. (JV), a joint venture company of GMR Infrastructure (Singapore) Pte Limited (GISPL), the Company, and GHOSPL. #renewableenergy #reit #retail #informationtechnology #manufacturing #insurance #banking #bonds #stockmarket #stocks #realestate #finance #Business #Corporate #Corporation #Entrepreneur #Philippines #Financial #PersonalFinance #AI #GoNegosyo #Invest #Investment #investingtips

Strategic investments in North America's rail infrastructure aim to boost capacity and efficiency across the network. Learn about the new initiatives and collaborations shaping the future of rail transportation: https://lnkd.in/eYNYMbsX #RailInvestment #Transportation

Many thanks to Board Level Investor SEDA-Council of Governments Joint Rail Authority for #investing in the mission of Focus Central Pennsylvania! SEDA-COG Joint Rail Authority (JRA), owner of six short line railroads in Central Pennsylvania is investing $3,750 for 2024 to support the mission of Focus Central Pennsylvania to attract investment that cultivates economic growth in Central Pennsylvania. Recognition of the investment with SEDA-COG JRA’s Executive Director Steven Beattie, MBA, RLA and Board Chair Russ Graham to Lauren Bryson, Focus Central PA’s Executive Director and Jennifer Wakeman, CEcD, Executive Director of DRIVE, Chair of Focus Central PA Board of Directors. “The JRA is proud, once again, to support the good work of Focus Central PA to help us locate more rail-served industries on our system and contribute to economic investment and growth in the region” said Steven Beattie, Executive Director, SEDA-COG Joint Rail Authority. The Lewisburg, PA based JRA is an eight-county municipal authority offering the best of public ownership of the trackage and fixed facilities, while freight service to customers is handled by the private sector through an agreement with the North Shore Railroad Company & Affiliates. The SEDA-COG Joint Rail Authority’s mission is to preserve and foster rail service in Central Pennsylvania and to further economic development through retention, improvement and expansion of the infrastructure and the rail service it supports. In the last ten years, The Rail Authority has reinvested over $50 million into upgrades and replacement of rail facilities and development of additional tracks to serve new industrial sites. #SmartGrowth #Investment #CentralPA #Rail #RailInfrastructure