
MEGAPROJECT / CONSTRUCTION SECTORS









By


By
Saudi Gulf Projects

By


By

Top News Publishers
Top News Publishers
recent articles

By
As many as 82 companies have won capacities in Madhya Pradesh Urja Vikas Nigam Limited’s (MPUVNL) large-scale solar power auction held under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme. The auction was floated for a total capacity of 4.3 GW, out of which 4.01 GW was finally awarded. The projects will be developed under the feeder solarization segment, also known as the Surya Mitra Krishi Solarization program, aimed at supplying clean power to agricultural feeders across Madhya Pradesh. Dilip Buildcon Limited emerged as the biggest winner in the auction, securing a cumulative capacity of 1,363.54 MW. The company quoted tariffs ranging from ₹2.74 per kWh to ₹2.79 per kWh. Following the auction, Dilip Buildcon received a Letter of Award from MPUVNL for 1,363.55 MW AC capacity under the Non-DCR category. The projects will involve setting up grid-connected solar PV power plants, with the electricity generated to be sold to Madhya Pradesh Power Management Company Limited for a period of 25 years. The company plans to execute the projects through multiple special-purpose vehicles. Dilip Buildcon also stated that the award provides it with an EPC business opportunity valued at around ₹4,900 crore, excluding GST, which will be executed over the next 18 months. Sunbridge Solar Power was another major winner, securing a total capacity of 471.29 MW at tariffs ranging between ₹2.75 per kWh and ₹2.85 per kWh. Landsmill Industries won 422.02 MW, quoting tariffs between ₹2.70 per kWh and ₹2.75 per kWh. Purshotam Profiles secured 173.15 MW, with tariffs ranging from ₹2.69 per kWh to ₹2.84 per kWh. Ceigall India won a cumulative capacity of 130 MW at a tariff of ₹2.85 per kWh. The remaining 77 companies together secured 1,459.25 MW, with tariffs ranging from ₹2.68 per kWh to ₹2.78 per kWh. Neutron Sunray, also known as Neutron Solar, quoted the lowest tariff in the auction. Ceigall India Limited, which is among the fast-growing EPC players in the country, has also received a Letter of Award from MPUVNL for its 130 MW AC capacity under PM KUSUM-C. The project will be implemented across two districts in Madhya Pradesh and includes design, engineering, procurement, construction, testing, commissioning, and operation of the solar power plants. The EPC contract is valued at around ₹550 crore, including GST. The execution period is 18 months, followed by a 25-year operational phase backed by a long-term power purchase agreement starting from the scheduled commercial operation date. The auction highlights strong participation from domestic developers and EPC companies and reflects continued interest in feeder-level solarization projects. The awarded capacities are expected to support a reliable daytime power supply for agriculture while reducing dependence on conventional energy sources and lowering emissions in the state. Subscribe to get the latest posts sent to your email. Type your email… Subscribe


By
The Strategic Infrastructure Development planning application and Compulsory Purchase Order application for the Water Supply Project Eastern and Midlands Region has now been submitted to An Coimisiún Pleanála. The planning application will consist of over 500 separate documents. Water supply in the Eastern and Midlands region faces major challenges, notably the over-reliance on a single source to supply 1.7 million people. When delivered, te once-in-a-generation project will ensure a sustainable, secure and resilient supply of drinking water to the Greater Dublin Area and wider Eastern and Midlands region. It will also enable the water company to adapt to the effects of climate change by diversifying its water supply sources. The essential project will provide Dublin, Meath, Kildare and Wicklow with a resilient, safe, secure water supply. It will also create a treated water supply ‘spine’ across the country, providing infrastructure with the capacity for future offtakes to serve communities along the route in Tipperary, Offaly, and Westmeath. In addition, the project will enable supplies currently serving Dublin to be redirected back to Louth, Meath, Kildare, Carlow and Wicklow, providing security of supply to homes and businesses, which will support growth and promote regional development. The Water Supply Project proposes to draw water from Parteen Basin, upstream of Parteen Weir on the Lower River Shannon, utilising a maximum of 2% of the long-term average flow at Parteen Basin. It is proposed that the water will be treated near Birdhill, Co Tipperary and treated water will then be piped 170km through counties Tipperary, Offaly and Kildare to a termination point reservoir at Peamount in County Dublin, connecting into the Greater Dublin Area water distribution network. Image: Water Supply Project Map Subject to a successful planning application, Uisce Éireann proposes to start construction in 2028, with completion within five years, with a budget estimate of between €4.58 billion and €5.96 billion. Based on the cost estimate, Uisce Éireann say the project can deliver in excess of €10 for every €1 of project costs, representing a positive investment for the State. At peak construction, the project will employ more than 1,000 people directly, with a significant associated spend on local supplier goods and services. Uisce Éireann is proposing a bespoke Community Benefit Scheme as part of the Water Supply Project, to support communities that will host construction activities and permanent infrastructure. Speaking about the project, Maria O’Dwyer, Infrastructure Delivery Director at Uisce Éireann said: “The need is clear - the growing water supply deficit and lack of supply resilience in the Eastern & Midlands Region is simply not sustainable. It is estimated that 34% more water will be needed by 2044 in the Greater Dublin Area. This project is critical to enable us to support housing delivery and is backed by the Government’s continued funding commitment. Over the coming months we will continue to engage with potential contractors and progress the procurement process so that, subject to the planning approval, works can be mobilised as quickly and efficiently as possible.” Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, Jack Chambers TD, commented: “The submission of this planning application for the Water Supply Project to An Coimisiún Pleanála is a major milestone that will unlock housing in the Eastern and Midlands Region. This project is a vital piece of infrastructure to support Ireland’s development, not alone in the delivery of new homes for young people, families and workers in our economy, but to sustain businesses and communities right through the Midlands and Eastern region of our country.”


By
Hellenic Shipping Newsin Port News 23/12/2025 The Manila International Container Terminal (MICT), the flagship facility of International Container Terminal Services Inc. (ICTSI) and the Philippines’ leading international trade gateway, handled a record three million twenty-foot equivalent units (TEUs) in 2025—the first time the terminal has reached that level in a single year. The record container was handled on December 22, when the terminal serviced the container vessel Ever Bliss, operated by Evergreen Marine Corp., carrying cargo for Universal Robina Corp. Christian Lozano, MICT chief executive officer, said the result reflected the terminal’s capacity to handle higher volumes while maintaining service levels during the peak season. “Handling three million TEUs shows how the MICT has kept pace with rising demand through continued operational improvements and capacity expansion,” he said. MICT caps off 2025 with three million TEU milestone. Photo shows (from left) Frank Domogoma and John Wu of Evergreen; Roberto Agustin and Alan Surposa of URC; Christian Lozano, MICT chief executive officer; Jose Carlo Javier, MICT terminal director; Capt. Melecio Pascua, Ever Bliss vessel master; and Bryan Kuo and Jesus Gomez of Evergreen, during the ceremonial handling of the terminal’s three millionth TEU container. The increase in volume coincided with sustained investments in equipment and infrastructure during the year. These included the deployment of hybrid rubber-tired gantry cranes, the addition of terminal tractors to support higher throughput, and the terminal’s initial exploration of electric terminal tractors under its modernization program. Construction is progressing on the terminal’s eighth berth, which includes a 300-meter quay and a combined quay and yard development covering 12 hectares. Of this total area, 6.5 hectares are already operational. Designed with a 15-meter depth, Berth 8 will be able to accommodate container vessels with 18,000 TEU capacities, with delivery of three quay cranes scheduled for 2027. Once the berth expansion is completed, the MICT’s annual handling capacity is expected to rise to 3.5 million TEUs. “Our priority is to deliver consistent and efficient service to customers and ensure cargo continues to move reliably as volumes grow,” Lozano said. MICT accounts for about 70 percent of Manila port volumes and remains the country’s largest and busiest container terminal, serving as a primary gateway for international cargo entering and leaving the Philippines. Source: ICTSI


By
PV MagazineFrom pv magazine Australia European Energy said its 1.1 GW Upper Calliope solar project has received planning approval from the Gladstone Regional Council, opening the way for the fully contracted development to move into final design, grid connection processes and construction planning. With construction targeted for 2026, the Upper Calliope Solar Farm is expected to be the biggest in the National Electricity Market (NEM), spanning a 2,700-hectare site about 50 kilometres southwest of Gladstone and producing 2.8 TWh of clean energy per year – enough to meet about 5% of Queensland’s current demand. European Energy Vice President and Australia Manager Catriona McLeod said the council’s decision positions the project as a permitted, large-scale solar asset in a key industrial energy region. “With planning approval now in place, we can move ahead with the Upper Calliope project, one of the largest projects European Energy has undertaken to date,” she said. “It’s an exciting and important step and our experienced team will now move on to the next phase of development.” With both planning and federal environmental approvals in place, McLeod said the project has progressed into an “advanced stage” of development with remaining steps including grid connection finalisation, procurement and final investment decisions. The Upper Calliope project is supported by a 25-year power purchase agreement with the global mining and materials company Rio Tinto, under which the solar farm’s full output is contracted. Electricity generated by the solar farm is intended to supply Rio’s industrial operations in Queensland, including aluminium smelting and alumina refining in the Gladstone region. Thorvald Spanggaard, Executive Vice President and head of project development at European Energy, said the long-term offtake agreement provides revenue visibility and underpins the project’s commercial structure while planning approval reduces execution risk. “Approval significantly reduces development risk and allows the team to progress with final design and procurement decisions,” he said. “Together with the long-term contracted offtake, the project now represents a permitted, utility-scale solar asset with defined revenue characteristics – one of the largest of its kind.” The Upper Calliope Solar Farm is part of European Energy’s rapidly growing pipeline of projects in Australia, which now totals more than 5 GW of renewable energy capacity under development. The company earlier this year completed its first PV project in the country with the commissioning of the 58 MW Mokoan Solar Farm in Victoria and earlier this month announced that all 170,044 panels had been mounted at the Lancaster Solar Farm being built in northern Victoria. The 106 MW PV facility will now move into the final stages of construction, commissioning, and testing, while construction of the 31 MW Mulwala Solar Farm in New South Wales is progressing. Other projects in European Energy’s development pipeline include the 1 GW Sawpit and 500 MW Leichardt solar farms in Queensland, and the 100 MW Winton North solar project in Victoria. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


By
Construction WorldThe proposed project, estimated to cost around Rs 200 billion, is being examined as a long-term mobility solution to address chronic traffic congestion across the metropolitan region. A consultant appointed by PMRDA has already submitted a preliminary design along with a draft feasibility report. The assessment is centred on the proposed Yerwada–Katraj twin tunnel, envisioned as a core element of a wider underground corridor network. Officials said the study follows detailed technical and geological surveys carried out over recent months. Planning authorities indicated that the concept includes underground road stretches beneath Taljai and Vetal hills, areas already earmarked for infrastructure development in the Pune Municipal Corporation’s Development Plan. Additional tunnel alignments have been proposed at Swargate, Jagtap Dairy and Katraj, which could significantly ease congestion on surface roads in both central Pune and its suburbs. The draft proposal envisages a six-lane underground express corridor linking four major highways — Pune–Mumbai, Pune–Satara, Pune–Solapur and Pune–Ahilyanagar. By enabling uninterrupted cross-city travel below ground, the network is expected to divert through-traffic away from existing arterial routes. Officials clarified that the tunnels would be built at a depth of about 30 metres to avoid interference with existing and planned Metro rail corridors. The project has been divided into three phases, allowing for staggered execution, subject to statutory approvals and funding availability. Once PMRDA completes its internal evaluation, the proposal will be submitted to the Government of Maharashtra for policy clearance and financial approval. The underground road initiative is part of PMRDA’s broader infrastructure push, under which 220 projects have been identified across the metropolitan region. Recently, Chief Minister Devendra Fadnavis approved Rs 325.23 billion for various development works in the Pune region.


By
London Heathrow has stated that passengers will be able to anticipate smoother, more reliable journeys as the airport gears up to implement a number of new upgrades in 2026. New projects include the beginning of construction of a revamp of Terminal 4, which will include the installation of a new multi-storey car park and an upgraded check-in area. Works will be carried out in phases in order to ensure current operations can continue as normal, with the project set to be completed in 2031. Additionally, works will begin on a new dedicated baggage system for Terminal 2 which, once completed, aim to provide a more resilient and efficient service for airline customers, increasing handling capabilities to 31,000 per day as well as reducing costs for airlines through fewer misconnected bags. New cameras are also set to be installed across all of Heathrow’s stands. These cameras will utilise AI to analyse captured data and, as a result, aim to speed up turnaround times between flights by the end of their installation at the end of 2026. 2026 will see new, focused investment for passengers with additional accessibility needs, with a new purpose-built assistance area planned for construction in Terminal 2. The new area aims to offer direct, dedicated access to security for the first time. Further accessibility improvements across the airport include the provision of new mobility equipment, a new Tailored Travel Guide and upgrades to other assistance areas across the airport as a whole. In total, the works are expected to amount to around 1.3 billion GBP worth of investment. Passengers should expect that every time they travel through Heathrow their journey is better than the last. Last December, we said we’d invest in operational performance and this year we’re the most punctual hub in Europe, almost 99% of bags travelled on expected flights and 97% of security queue times were below 5 minutes, and in January, all passengers in all four terminals will benefit from going through new next generation security. I’m excited to unveil next year’s programme which will make Heathrow more user-friendly, more efficient and more resilient for our customers. This investment will flow directly into our nationwide supply chain helping to drive economic growth whilst we make Heathrow even better and more efficient for our customers.


By
Front Office SportsThe Chiefs are officially headed across the border to Kansas, sealing a two-part stadium deal with state officials Monday that includes a $3 billion domed facility. Confirming fast-growing expectations and ending a facility deliberation spanning more than two years on both sides of the Missouri-Kansas line, the NFL team has reached a far-reaching agreement with Kansas. The pact includes: Put together, the Chiefs’ stadium situation will somewhat resemble the Cowboys, who have The Star, its training facility and headquarters in Frisco, Texas, and AT&T Stadium in nearby Arlington, with both facilities seeing continued development around them. Kansas officials on Monday approved a bond measure that will contribute about 60% of the total costs. The Chiefs will fund the other portion. “[Monday’s] announcement is truly historic. Actually, it’s a little surreal,” Kansas Gov. Laura Kelly said. “Today’s announcement will touch the lives of Kansans for generations to come. Today’s announcement is a total gamechanger for our state. “Take heed, because Kansas is not a flyover state. We’re a touchdown state,” she said. Chiefs owner Clark Hunt and his family, who control the Chiefs, viewed the stadium decision as a generational choice, one carrying massive implications for the franchise, the Kansas City area, and the NFL. The construction of a domed facility will open the Kansas City region to major events such as the Super Bowl, Final Four, and College Football Playoff—competitions currently not possible at the outdoor Arrowhead Stadium. Officials on the Missouri side, particularly Jackson County, made a last-ditch effort, including in the last several days, to keep the Chiefs on that side of the border. Ultimately, the large-scale upside of a new facility, and public funding that isn’t subject to a public vote like the failed one in Jackson County last year, were too much to ignore. The Chiefs have been in Kansas City since 1963, when they were still an American Football League franchise. “While the Chiefs aren’t going far away and aren’t gone yet, today is a setback as a Kansas Citian, a former Chiefs season ticketholder, and lifelong Chiefs fan,” said Kansas City, Mo., mayor Quinton Lucas. “Business decisions are a reality, and we all understand that, but Arrowhead Stadium is more—it’s family, tradition, and a part of Kansas City we will never leave.” While the move to the western edge of the Kansas City metro area will certainly be a major change for the Chiefs and their fans, the new stadium site will still be within the core region. The Chiefs also plan to maintain a robust tailgate scene that is central to their fan culture. “The location of Chiefs games will change, but some things won’t change,” Hunt said. “Our fans will still be the loudest in the NFL, our games will still be the best place in the world to tailgate, and our players and coaches will be ready to compete for championships, because on the field or off the field, we are big dreamers, and we’re ready for the next chapter.” The Chiefs follow a fast-growing wave across the NFL of teams building domed stadiums, many of them also joined by mixed-use developments. The Browns recently reached a settlement with the city of Cleveland that will help pave the way for a planned move to suburban Brook Park, Ohio. The Commanders received final District of Columbia approval in September for its planned return from Maryland. The Bears are seeking a similar facility and development of their own, and recently expanded its pursuit of that to Northwest Indiana. The Broncos are planning a retractable-roof facility for Denver’s Burnham Yard. The Titans have a domed stadium of their own well into construction, and will open that in time for the 2027 NFL season. The situation in Washington is perhaps the closest counterpart to the Chiefs, as it also involves crossing jurisdictions within the same market territory. Many of those have team contributions toward these other stadiums, however, are far greater than what’s contemplated in the Chiefs’ project. The Chiefs, for their part, branded Monday as the single most important day in the franchise’s business history. “This is a great day for Kansas City Chiefs fans,” said NFL commissioner Roger Goodell. “This public-private partnership, the result of a thoughtful and deliberate process, will build upon the Hunts’ generational legacy by boldly investing in one of America’s greatest fan bases.”


By
Scope of the contract includes the provision of larger numbers of tankers at very short notice - tankering can be anywhere across the Anglian Water region The water company iconducted a single-stage procurement process for the provision of liquid tankering services across its operational region. The framework will cover all tankering requirements, including emergency response, where suppliers must be capable of deploying a large number of tankers at very short notice. The contract was tendered in the following Lots on a regional basis: Eighteen companies have been awarded a place on the framework which has an estimated overall value of £150 million (inc VAT). The standstill period is due to end on 5 January 2026 and the earliest date the contract will be signed is 6 January 2026. Estimated start and end contract dates are 6 January 2026 to 22 December 2030 with possible further extension options to 22 December 2033.


By
The Port Authority of New York and New Jersey (PANYNJ) has approved a 45 billion USD capital plan covering the period from 2026 to 2035, setting out the next phase of infrastructure investment across its airports and wider transport network. For the aviation sector, the plan confirms continued large-scale redevelopment at the region’s three major commercial airports, alongside new investment in surface access, resilience and passenger security. The new capital plan builds on projects delivered under the previous 2017–2025 programme, which included the reconstruction of LaGuardia Airport, the opening of Terminal A at Newark Liberty International Airport, and the ongoing redevelopment of John F. Kennedy International Airport. The next decade of funding is intended to complete these airport programmes and address future capacity, operational resilience and climate adaptation. At Newark Liberty International Airport, the plan provides funding to advance a new Terminal B, intended to anchor a broader transformation of the airport. The Port Authority will establish a public-private partnership to design and deliver the terminal as part of its long-term vision for the site. Funding is also confirmed for a new AirTrain Newark system, currently under construction, designed to improve reliability and capacity of the airport’s rail connection. Additional aviation-related works include a third major taxiway to reduce aircraft ground delays, completion of a simplified roadway network, and further expansion planning at the recently opened Terminal A to support future passenger growth. The capital plan continues the redevelopment of John F. Kennedy International Airport, where construction is already underway on the New Terminal One and Terminal 6 projects. The Port Authority expects the first gates in these new international terminals to open in 2026. Over the next decade, funding will support completion of the reconfigured internal roadway system and a major upgrade of AirTrain JFK. The AirTrain programme includes new rolling stock to increase capacity and redesigned stations intended to improve passenger circulation and accessibility. The plan also allows for preparatory work later in the decade to replace ageing terminal infrastructure if traffic demand requires. At LaGuardia Airport, the focus shifts to completing the modernisation programme following the opening of the rebuilt Terminal B and Terminal C. The capital plan funds replacement of the non-landmarked, 1980s-era concourse and boarding areas at Terminal A, while preserving the historic Marine Air Terminal in full. Surface access improvements are also included, notably enhancements to the Q70 bus service linking the airport with the regional transport network. These include a dedicated bus lane and improved on-airport stops, intended to provide more reliable public transport access without additional road traffic. The Board’s approval of this capital plan sets in motion a historic decade of activity for the Port Authority and for the region we serve. We are charting the next phase of a century-old mission defined by dreaming big, solving hard problems, and connecting millions of people to opportunity. This plan builds on the trust and momentum earned by delivering complex projects to a world-class standard. Through this visionary plan and the transformative work we continue to do, we are setting a new standard for the region and raising the bar for what public agencies can accomplish. The capital plan also supports wider investments in airport sustainability, resilience and security. This includes energy efficiency measures, expansion of on-site solar generation, electrification of vehicle fleets, and flood resilience works to address climate risks. Cybersecurity and physical security funding is reflected in the Port Authority’s separate 2026 operating budget, which dedicates 1.1 billion USD to safety and security across all facilities, including airports.


By
gCaptainThe first offshore wind turbine is installed at the South Fork Wind project offshore New York. Photo courtesy New York State The New York State Energy Research and Development Authority announced a $300 million competitive solicitation on Friday to support maritime port development projects aimed at strengthening the state’s offshore wind supply chain, even as the broader industry grapples with significant regulatory and financial challenges. The Port Infrastructure Request for Proposals will fund upgrades to load bearing capacity, wharf extensions, and other improvements designed to support offshore wind manufacturing, staging, and logistics while maintaining multi-use flexibility for container handling, vessel repair, and other commercial activities. “To continue building out New York’s maritime assets as well as the offshore wind sector, we need ports capable of supporting multiple industries and technologies,” said NYSERDA President and CEO Doreen M. Harris. “This solicitation will facilitate port development to support offshore wind projects through investments in multi-purpose ports that can withstand demand fluctuations for products and services from any market, helping to ensure stability, while driving economic development opportunities over the near- and long-term for New York.” The announcement comes as the offshore wind industry faces mounting pressures. A federal judge recently struck down the Trump administration’s directive to halt federal approvals for new wind energy projects, finding the agencies’ implementation of the order unlawful and arbitrary. New York led a coalition of 17 states and the District of Columbia in challenging the directive after the Interior Department ordered Norway’s Equinor to halt construction on its Empire Wind project off New York’s coast. The broader industry has seen its project pipeline slashed from 45 projects to 23 between the third quarters of 2024 and 2025, with planned capacity dropping from 55.9 gigawatts to 25.4 gigawatts, according to the Energy Industries Council (EIC). The contraction stems primarily from policy changes under President Trump’s One Big Beautiful Bill Act, which requires projects to start construction by July 4, 2026 to secure tax-credit eligibility, or begin service by December 31, 2027. Roughly 83 percent of projects are not aligned with these deadlines. Financial pressures have been severe. Stop-work costs reached up to $50 million per week on the Empire Wind project. Equinor reported a $763 million impairment related to Empire Wind 1 and South Brooklyn Marine Terminal development in its second quarter 2025 financial results, part of a larger $955 million write-down attributed to regulatory changes and increased tariff exposure. Trade measures have compounded challenges, with duties of 10 to 15 percent on goods from the EU and UK and up to 50 percent on some steel and aluminum affecting critical components including blades, towers, nacelles and cables. The Department of Transportation’s decision to rescind $679 million in port grants has further slowed infrastructure upgrades. New York’s $300 million solicitation will be available through multiple rounds until fully committed, repurposing $200 million previously allocated for the 2024 Offshore Wind Supportive Manufacturing and Logistics solicitation. Final proposals for round one are due by 3:00 p.m. ET on March 26, 2026. “The investments into New York’s waterfronts are projected to create thousands of good-paying jobs across the state, and the New York State Department of Labor stands ready to develop our workforce to take advantage of these new opportunities,” said New York State Department of Labor Commissioner Roberta Reardon. Rebecca Groundwater, EIC Global Head of External Affairs, emphasized the critical need for regulatory stability. “Policy clarity will be decisive in determining whether these projects move forward or stay in limbo,” she said. “Stable, predictable frameworks are what investors need to turn uncertainty into action and position the US to reclaim momentum in offshore wind development.” Despite challenges, construction has resumed on the Empire Wind project and Equinor maintains its 2027 commercial operation target date for Empire Wind 1. The $5 billion project is designed to power 500,000 New York homes and includes redevelopment of the South Brooklyn Marine Terminal into what is set to become the nation’s largest dedicated port facility for offshore wind. Sign up for gCaptain’s newsletter and never miss an update


By
Saudi Gulf ProjectsAbu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”), in partnership with Eni S.p.A. (“Eni”) and PTT Exploration and Production Public Company Limited (“PTTEP”), announced the successful signing of a landmark structured financing transaction of up to $11 billion (AED 40.4 billion), to monetize Hail and Ghasha’s midstream future gas production. Hail and Ghasha is part of the larger Ghasha Concession, located offshore Abu Dhabi, which is expected to produce 1.8 billion standard cubic feet per day (bscfd) of gas. It is also the world’s first offshore gas project of its kind that aims to operate with net zero emissions, capturing 1.5 million tonnes per year (mtpa) of carbon dioxide (CO2), equivalent to removing over 300,000 cars off the road every year. The non-recourse financing transaction, unique for an energy project of this scale and complexity, enables ADNOC to realize upfront value for its products at competitive rates. In addition to providing immediate access to capital, the financing structure introduces an innovative commercial model that ring-fences midstream processing facilities and operations, which enables ADNOC and its partners to raise low-cost funding while retaining strategic and operational control of the assets. This financing transaction is the latest in a series of ADNOC-led pioneering infrastructure development partnerships that have been executed over the past decade. ADNOC’s latest financing model follows a series of landmark midstream and infrastructure transactions, including a $4.9 billion (AED18 billion) oil pipeline partnership, and a $10.1 billion (AED 37.1 billion) gas pipeline agreement, with some of the world’s leading global infrastructure and institutional investors – as well as pioneering build-own-operate-transfer (BOOT) projects such as the $3.8 billion (AED14 billion) project to power and decarbonize offshore operations and the $2.2 billion (AED8.3 billion) project to deliver sustainable water supplies to onshore operations. The innovative financing structure for Hail and Ghasha offers a replicable model for large-scale greenfield projects. The transaction is anchored by ADNOC’s reliability as an upstream developer and long-term offtaker, as well as its efficient capital management and innovative financing track record. It also provides financiers with robust long-term cash flows from high-quality assets, supported by strong contractual and structural protections.


By
Japan Petroleum Exploration Co., Ltd. (JAPEX) has approved the acquisition of U.S. tight oil and gas assets through the purchase of all equity interests in Verdad Resources Intermediate Holdings LLC, marking a significant expansion of its North American upstream portfolio. The transaction will be executed via Peoria Resources Acquisition Company, LLC, an overseas subsidiary managed by Peoria Resources, LLC. Closing is expected around the end of February 2026, subject to customary conditions. The acquired assets are located primarily in the Denver-Julesburg basin in northeastern Colorado, with additional interests in southeastern Wyoming. JAPEX said the assets will be operated directly and are expected to materially strengthen its production and reserves base, with net production projected to approximately double and proved reserves to increase by roughly threefold. Following completion of the acquisition, Peoria Resources will lead production and development activities, establishing an operator-led business in the U.S. tight oil and gas sector. JAPEX plans to staff the operation with approximately 50 personnel, including existing Peoria employees and operational staff transitioning from the seller. JAPEX intends to pursue continuous development of the assets beginning in 2026 and extending into the early 2030s. Management roles for the U.S. operations include industry veterans with experience at BP and other North American E&P companies. The acquisition aligns with JAPEX’s strategy to expand its upstream footprint in North America and leverage operational expertise gained through prior U.S. projects. The company also indicated that the assets could support future growth opportunities, including gas development and potential collaboration with LNG projects, as well as the application of subsurface and carbon capture expertise developed in other regions. JAPEX said the transaction strengthens its long-term earnings base while supporting disciplined growth in established U.S. unconventional basins.


By
The Papua New Guinea (PNG) Mining and Industrial Resources conference and exhibition (PNG Expo), taking place in Port Moresby over July 1-2, will showcase a resource-rich mining sector that’s the envy of the Pacific region. The two-day exhibition will feature an array of equipment displays and stands across an expanded floorplan at the Stanley Hotel and Suites in Port Moresby. A wide range of mining industry service providers are set to be a part of proceedings, giving visitors the chance to connect with new products, innovations, and technology solutions, In response to exceptional demand and significant year-on-year growth, PNG Expo 2026 will feature an expanded floorplan, elevating the event experience and supporting its continued trajectory as the region’s premier industry showcase. Among the businesses already signed up to exhibit at PNG Expo 2026 are procurement specialist Lincom Group, engineering solutions provider Sandivik, wireless diagnostics developer Safe Guage, and maintenance, repair and operations engineer Blackwoods. Global cable manufacturer and supplier Tricab has also returned as a silver sponsor of the 2026 event. Meanwhile, the conference side of the PNG Expo will showcase experts from across the mining and resources sector, each presenting on challenges and opportunities for the local industry. The free-to-attend conference program has been curated in collaboration with the editorial team at PNG Mining, and promises to be a dynamic platform for learning and insight. Of course, one of the biggest attractions of the PNG Expo event is the opportunity to network and build new and expanded connections across mines and across borders. The connections between Australia and PNG are becoming increasingly valuable as both country’s mining sectors continue to grow in both volume and levels of sophistication. These new connections don’t only happen on the expo floor! Rather, every element of the program is designed to spark conversation, build relationships, and create real opportunities for connection. This can happen throughout the event, whether it is at the welcome reception, the official networking functions, high-impact industry meetups, or even through informal catch-ups by the pool. To further help delegates prioritise these connectuions, the entire event, including all sideline activities, is conveniently hosted at a world-class, secure venue, eliminating the need for travel between sites and ensuring a seamless experience for all attendees. The 2025 event experienced a 10 per cent increase in attendees from 2024, and organisers are planning for similar growth in 2026. Secure your spot now: https://pngexpo.com/getinvolved/ Subscribe to PNG Mining and receive the latest news on product announcements, industry developments, commodities and more.


By
Rail AnalysisThe Asian Development Bank has approved a $240 million loan to support the expansion of the Chennai Metro Rail network. The funding will support new corridors, stations, and system development of sections of metro lines 3, 4, and 5. It aims to improve mobility, climate resilience, and inclusive urban transport across the Chennai Metropolitan Area. Introduction: The Asian Development Bank (ADB) has approved a $240 million loan to support the next phase of the Chennai Metro Rail Investment Project, marking a significant step toward improving urban mobility in one of India’s fastest-growing metropolitan regions. This loan represents the second tranche under ADB’s $780 million multitranche financing facility approved in 2022. The newly approved tranche follows the earlier $350 million loan provided under the first tranche and reinforces ADB’s commitment to strengthening Chennai’s public transport infrastructure. The funding aims to deliver cleaner, safer, and more reliable transport options while supporting the city’s long-term low-carbon development objectives. Expanding Metro Connectivity Across Chennai: The second tranche will finance the construction and system development of key sections of metro lines 3, 4, and 5. Together, these corridors will span approximately 20 kilometers, combining elevated and underground alignments. The project also includes the development of 18 new metro stations designed with universal access features to accommodate passengers of all abilities. Special emphasis has been placed on disaster-resilient infrastructure to ensure the safety and continuity of metro services during extreme weather events. These measures are especially important for Chennai, a coastal city increasingly exposed to climate-related risks. Key Components Funded Under Tranche 2: The ADB loan will support a wide range of civil and system works, including: These improvements are designed to ensure smoother passenger transfers and encourage greater use of public and non-motorized transport. Insight: Mr. Mio Oka, ADB Country Director for India, said, “This project will deliver safer, faster, and more reliable daily travel in Chennai while advancing the city’s low-carbon development goals. We look forward to continued collaboration to expand metro connectivity and further enhance the capacity of Chennai’s metro and suburban rail systems to meet the city’s growing mobility needs.” Focus on Inclusivity and Sustainability: Beyond physical infrastructure, the project places strong emphasis on social inclusion and safety. Station designs will incorporate features that enhance accessibility, while targeted measures will improve travel safety for women and vulnerable users. The project also supports initiatives to increase non-fare revenues, strengthening the long-term financial sustainability of the Chennai Metro system. Construction under this tranche is scheduled for completion by mid-2028, bringing Chennai closer to a modern, integrated, and resilient urban transport network. Conclusion: The $240 million ADB loan marks a major milestone in Chennai Metro’s expansion, supporting sustainable transport, climate resilience, and inclusive urban development. By strengthening connectivity and safety, the project will play a vital role in meeting the city’s growing mobility needs and shaping a greener future. Source: ADB – Press Release | Image Credit (representational): CMRL Timely insights, straight to your WhatsApp—stay updated with ease! Stay connected to the rail industry—timely news, straight to Telegram!


By
Construction Review OnlineAffinius Capital LLC has successfully originated a $200 million construction loan to finance the development of 200 Douglass, a major new multifamily project in the rapidly transforming Gowanus neighborhood of Brooklyn, New York. The loan was provided to Midwood Investment & Development, a prominent New York-based developer led by CEO John Usdan. This significant financing package underscores the continued institutional confidence in the Brooklyn residential market, particularly in areas like Gowanus that are undergoing extensive rezoning-led revitalization. Located at the intersection of Douglass and Bond Streets, 200 Douglass is set to become a premier addition to the Brooklyn skyline. The 21-story Class A tower will feature 276 luxury residences, offering a mix of layouts ranging from studios to spacious three-bedroom units. Designed to maximize its waterfront location, the building will offer residents sweeping views of the Gowanus Canal, Downtown Brooklyn, the New York Harbor, and the Manhattan skyline. Beyond residential units, the project will activate the streetscape with 20,000 square feet of ground-floor retail space, contributing to the neighborhood’s growing commercial vibrancy—a surge in activity highlighted as $304 million financing is secured for Twin Echelon Studios in Brooklyn. A standout feature of the development is the creation of a 10,000-square-foot publicly accessible landscaped esplanade along the canal. This waterfront promenade is part of a broader effort to reconnect the community with the Gowanus Canal. It will turn a historically industrial waterway into a recreational and social asset. Location: 200 Douglass Street, Gowanus, Brooklyn, NY Developer: Midwood Investment & Development Lender: Affinius Capital LLC Loan Amount: $200 Million Building Height: 21 Stories Total Units: 276 Residences (Studios to 3-Bedrooms) Retail Space: 20,000 sq. ft. Public Space: 10,000 sq. ft. Waterfront Esplanade Completion Date: Targeted for Fall 2027 Key Amenities: 75-ft Outdoor Pool, Rooftop Terraces, Basketball Court, Co-working Lounge. The development has a robust suite of amenities intended to rival the top luxury buildings in the borough. Residents will have access to: A 75-foot outdoor lap pool with private cabanas. Multiple rooftop terraces equipped with fire pits, grilling stations, and lounge seating. A comprehensive fitness center with dedicated yoga studios. A half-court basketball court. Co-working spaces catering to the hybrid workforce. Family-friendly facilities including a children’s playroom and a dog washing station. “200 Douglass will offer luxury living, with exceptional waterfront views and direct access to the new public esplanade right in the heart of Gowanus. It is one of Brooklyn’s most dynamic and rapidly evolving neighborhoods,” said John Usdan, CEO of Midwood Investment & Development. He noted that the financing marks a significant milestone as Midwood celebrates its 100-year legacy in New York City. The Gowanus neighborhood has become a focal point for development following a 2021 rezoning that allowed for higher density and mixed-use projects. Affinius Capital’s involvement highlights the area’s transition from an industrial past to a residential and commercial hub. “200 Douglass represents an exceptional multifamily investment in Brooklyn’s thriving Gowanus neighborhood which continues to evolve from its industrial roots into a premier residential destination,” stated David Greenburg, Managing Director and Co-Head of Debt Origination at Affinius Capital. “This transaction exemplifies our strategy of partnering with superior sponsors such as Midwood to finance institutional-quality multifamily assets in high-growth submarkets.” The financing deal was arranged by a JLL Capital Markets team led by Scott Aiese and Lauren Kaufman.


By
Engineers working on the HS2 project have slid a 4,600t viaduct section across the M6 without a full carriageway closure, in what contractors say is a UK first that will reduce disruption for drivers. The 17‑hour operation carried out over the weekend of 13-14 December completed the three‑stage assembly and installation of the 315m long East deck of the M6 South viaduct, a structure that will carry high‑speed trains to Birmingham and beyond. The move was carried out by HS2’s main works contractor Balfour Beatty Vinci (BBV) in co‑operation with National Highways. In contrast to an earlier slide on the same structure that required a weekend shutdown of the motorway, the team developed a so‑called “fully restrained” technique for this slide that allowed the final section to be pushed over the live carriageway while traffic continued to flow. Only a slip road on the adjacent M42 was closed during the weekend. Engineers initially closed the M6 overnight between junctions 4 and 5 on Thursday 11 December to shift the viaduct forward by 12m so both ends of the beam would be supported on concrete piers. On Saturday the structure was then moved across the motorway at roughly 13m per hour using a system of strand jacks. To reduce friction the deck was slid on low‑friction pads made from a material similar to that used on non‑stick frying pans. The operation marks the halfway point of the M6 South viaduct project. A parallel West deck, which will carry two additional tracks for northbound trains, is due to be assembled and slid into position next year using the same method. The East deck has been built in stages to limit disruption: an initial 119m section was moved in June over a slip road and the next section, bringing it to 230m in total length, was slid into place at the end of September during a planned closure of both carriageways near junction 4. That September move was completed so efficiently the motorway was reopened more than nine hours ahead of schedule, the contractors said. The final East deck now spans 315m and weighs around 4,600t in its principal elements, with 82 precast slabs already installed on top of the steel structure to reduce future work over the motorway. Additional elements, including parapets, will be added later with track systems installed in future years. HS2 and BBV engineers were able to slide the final section of the viaduct over the M6 without closing it thanks to a new ‘fully restrained’ process Each HS2 viaduct over the M6 is a hollow double‑box structure made from weathering steel, which develops a protective oxidised surface, giving a characteristic “rusty” appearance and reducing the need for repainting. The viaducts are supported on four pairs of concrete piers, the tallest of which is 9.9m. A 4.5m‑high parapet will be fitted on the side facing Chelmsley Wood to mitigate noise from passing trains. Structural design was provided by BBV’s design joint venture, comprising Mott MacDonald, Systra and WW+P Architects. The operation will be seen as a test case for keeping major road corridors open while carrying out large‑scale rail infrastructure work. HS2 has faced regular scrutiny for cost increases and delays, and the project’s ability to limit road disruption is likely to remain an important factor for local communities and motorists as construction continues. Caroline Warrington, HS2 Ltd head of delivery, said: “Along the HS2 route we are pioneering new approaches to engineering and construction in order to deliver more efficiently and with less impact on our neighbours. “We believe this fully restrained slide was a first for the country, but most importantly it means we’ve been able to cut in half the number of times we’ve had to close the motorway. I’d like to thank everyone who worked so hard to make the operation a success.” Russell Luckhurst, the BBV engineer leading the delivery of the works, said: “We’re all feeling a huge sense of pride after sliding a 4,600t viaduct into its final position this weekend. The third and final slide of the East deck viaduct was delivered over a live motorway for the first time in the UK, making this achievement even more special. “Using this ‘fully restrained’ technique meant we were able to keep disruption to an absolute minimum. Our focus will now turn towards the neighbouring West deck viaduct, which will be launched in multiple phases throughout 2026, as well as the East deck finishing works.” National Highways regional director for the Midlands Victoria Lazenby said: “Our key focus is the impact that these major construction works have on our roads – we must both ensure the safety of road users and minimise the disruption they face. “So we are delighted that this innovative technique has meant that not only was this enormous structure slid into place without having to close the motorway during the day but also that the total number of closures needed has also been halved. “We will continue to work with HS2 and their partners to ensure the smooth running of our roads while this huge infrastructure project takes place and support any initiatives which will reduce disruption for drivers and local communities.” Like what you've read? To receive New Civil Engineer's daily and weekly newsletters click here.
