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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


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Türkiye has crossed a major milestone in its power sector as installed renewable energy capacity has exceeded 75,000 megawatts, while solar power has overtaken natural gas in total installed capacity for the first time. The latest data was released by the Energy and Natural Resources Ministry on Monday and reflects the country’s long-term push to reduce energy imports and strengthen domestic energy production. As of November 2025, Türkiye’s total installed electricity capacity reached 121,782 megawatts. Renewable energy sources accounted for 75,615 megawatts, representing around 62% of the total capacity. This shift highlights the growing role of clean energy in Türkiye’s power mix, especially as the country faces limited domestic oil and natural gas resources and a high current account deficit driven by energy imports. The Energy and Natural Resources Minister said that combined wind and solar capacity had reached 39,215 megawatts. Solar energy alone now accounts for 20.3% of the total installed capacity, while wind contributes 11.9%. Together, wind and solar now make up one-third of Türkiye’s total installed power capacity. According to the data, solar power has become the second-largest power source in the country, surpassing natural gas, which now holds a 20% share. For decades, natural gas had remained the second most dominant source after hydropower. However, rapid growth in solar installations over the past several years has reshaped the energy landscape. Hydropower remains the largest contributor with 32,294 megawatts, accounting for 26.5% of total capacity. Wind power stands at 14,546 megawatts, while domestic coal and imported coal account for 11,475 megawatts and 10,456 megawatts, respectively. Biomass and geothermal energy together contribute just over 4,000 megawatts. The minister also noted that domestic energy sources now represent 71.5% of total installed capacity, equivalent to 87,090 megawatts. He emphasized that each new renewable energy investment helps Türkiye move closer to its goal of full energy independence. During 2025, Türkiye completed solar and wind tenders totaling 3,800 megawatts, with an expected investment value of around $4 billion. These projects were allocated under the Renewable Energy Resource Zone, or YEKA, auction mechanism, which plays a central role in expanding clean energy capacity and meeting national renewable targets. The country aims to increase solar and wind capacity to 120,000 megawatts by 2035. The Minister said Türkiye plans to hold YEKA tenders for at least 2,000 megawatts every year to maintain momentum. He added that localization efforts and renewable expansion remain key pillars of the country’s energy strategy. Electricity consumption in Türkiye has tripled over the past two decades and is expected to grow even faster in the coming years due to ongoing energy transformation. The YEKA model, introduced in 2016, was designed to support large-scale projects, simplify land allocation, and encourage domestic manufacturing. Recent updates, including easier permitting and financial incentives, have helped attract investors. This year’s tenders alone generated about 530 million euros in revenue for the state. Subscribe to get the latest posts sent to your email. Type your email… Subscribe


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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.


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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.


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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.”


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PV MagazineFrom pv magazine India Emmvee has commenced operations at a 2.5 GW solar module manufacturing line at its Unit VI facility in Sulibele, Hoskote taluk, near Bengaluru, Karnataka, western India. The commissioning forms part of Emmvee’s planned capacity expansion and was completed on schedule. With the new line operational, the company’s total solar module manufacturing capacity has increased to 10.3 GW. For the first half of fiscal 2026, Emmvee reported a 193% year-over-year increase in revenue to INR 2,159 crore ($140.8 million). Profit after tax rose nearly sevenfold compared with the same period a year earlier. The company attributed the growth to higher module volumes and operating leverage from expanded manufacturing capacity. Separately, Emmvee said construction has begun on its proposed 6 GW integrated solar cell and module manufacturing facility at ITIR Phase 2 in Bengaluru. The company has received loan sanction approval of INR 3,306 crore from the Indian Renewable Energy Development Agency for the project. 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.


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Underground Infrasturcture(UI) — New York State has awarded more than $453 million to 83 water and wastewater infrastructure projects statewide, funding upgrades to aging drinking water systems, sewer networks and treatment facilities, Gov. Kathy Hochul announced on Dec. 19. The grants, issued through the Water Infrastructure Improvement (WIIA) and Intermunicipal Water Infrastructure (IMG) programs, are expected to support more than $1.3 billion in total construction activity, according to the state. Projects span from Western New York to Long Island and include both drinking water and sewer improvements. “New York families should not be burdened by rising water bills and outdated systems,” Hochul said. “With this funding, the State is helping communities take on essential projects without passing unsustainable costs to residents and businesses.” State officials said the funding package is projected to save local ratepayers about $1.1 billion and support roughly 20,000 jobs, while accelerating projects that address aging infrastructure, regulatory compliance and emerging contaminants. Of the total awards, $227.3 million will support 51 drinking water projects, while $225.8 million will fund 32 sewer projects. The grants are administered by the New York State Environmental Facilities Corporation, in coordination with the Departments of Health and Environmental Conservation. Several awards include enhanced funding for small, rural and disadvantaged communities, where grant coverage was increased from 25% to 50% of eligible project costs. Those projects include new sewer districts, wastewater treatment plant upgrades and sewer extensions designed to replace failing septic systems. Enhanced grants also target emerging contaminants, including PFAS and 1,4-dioxane, with some projects eligible for up to 70% state cost coverage. Officials said those awards are intended to reduce financial barriers for communities facing costly drinking water treatment requirements. The announcement was made in Albany County, where a $25 million grant will support upgrades to the county’s North and South wastewater treatment plants, originally built in the 1970s. The work is expected to improve treatment reliability and reduce impacts to the Hudson River. Since 2015, New York has awarded more than $3.4 billion through the WIIA and IMG programs, according to the state.


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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


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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.


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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.


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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.


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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!


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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.


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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.


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Groupe ADP has presented a draft Economic Regulation Contract (CRE) covering 2027 to 2034, aimed at supporting the transformation of Paris’ airports and enhancing the competitiveness of France’s air transport hubs. The proposal comes as the French air transport sector faces multiple pressures, including the need to reduce carbon emissions, respond to regulatory and fiscal constraints, and maintain growth in passenger traffic. In response, Groupe ADP is planning a long-term investment programme totalling 8.4 billion EUR. The investment is intended to expand capacity, improve operational efficiency, and strengthen the appeal of Paris as a hub in the European and global airport network. The CRE emphasises a phased and modular approach to development, with gradual expansions designed to limit disruption and ensure economic sustainability. Over the eight-year period, the programme is expected to create capacity for an additional 18 million passengers, while focusing on cost management within the regulated scope. Groupe ADP has targeted cost savings of approximately 130 million EUR by 2034, aiming to limit regulated cost growth to the harmonised consumer price index (CPI) plus 1.2 points annually, compared with a projected trajectory of CPI plus 2.4 points. The draft CRE proposes a regulated return on capital invested aligned with the weighted average cost of capital, at an average of 5.9% over the contract period. Tariffs for airlines are expected to rise by CPI plus 2.6 points on average, reflecting the scale of planned investments while remaining competitive relative to other European hubs. Complementary mechanisms are also included to distribute risks fairly across the multi-year programme. The industrial project we are undertaking today is essential to guaranteeing the sustainable and long-term development of Parisian airports: to successfully transform Parisian airports, decarbonise the sector, and increase competitiveness in Paris for the entire airport ecosystem. This is our responsibility and our core business. To achieve this transformation, the planned historic investments—more than €1 billion per year on average for eight years—would be financed by a new economic regulation contract. The draft contract presented seeks to strike the right balance between an unprecedented level of investment, the profitability of which is both guaranteed and capped by law, and tariffs applicable to airlines that, after the proposed increase, will remain at the lower end of the range compared to our competitors. The proposal forms part of Groupe ADP’s broader strategic approach, with a future plan in 2027 expected to outline long-term value creation and the group’s role as a contributor to France’s economic, social, and territorial objectives.


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Austin-Bergstrom International Airport (AUS) has announced a major funding injection from the Federal Aviation Administration (FAA) that aims to help meet Central Texas’ growing travel demands. A Letter of Intent (LOI) has been received by AUS from the FAA which commits 108 million USD in long-term federal reimbursements to support the airport’s Airfield Capacity Improvements project, which will include the construction of new taxiways and upgrades to existing airfield infrastructure. The investment will also fund a portion of the airport’s Journey With AUS expansion project, which will deliver Concourse B and enable the building of new taxiways. Once built; Concourse B will add over 20 new gates to support future airline growth, as well as bring additional concession opportunities for restaurants, shops, lounges, live music venues, and passenger amenities. The LOI comes in the wake of a bipartisan letter of support signed by Congressman Lloyd Doggett and signed by Representatives Greg Casar, Michael McCaul, Chip Roy, and John Carter in June 2024, which led to the securing of FAA approval and an emphasis on the importance of investing in AUS’s infrastructure. Thus far, AUS has secured a total of 96.34 million USD from the FAA’s Airport Terminal Program for the Concourse B and Tunnel project, and will continue applying for competitive federal funding whilst also utilising traditional financing methods including airport revenue bonds, cash-on-hand and future revenues to deliver both this and other potential expansion projects. Safe, modern infrastructure is essential to keeping our aviation system the safest and most efficient in the world. This investment at Austin–Bergstrom International Airport (AUS) will reduce delays and increase capacity as the airport continues to grow.


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Saudi Gulf Projects

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