Ferrovial to acquire stake in JFK
Ferrovial the Spanish global sustainable infrastructure company will invest around $US1 billion in 96% of Carlyle Group’s 51% share New Terminal One that will design, build and operate Terminal 1 at JFK airport at JFK airport in New York.
With total investment amounting to $9.5bn, the new site will replace current Terminals 1, 2 and 3 which will be demolished and have a footprint of 2.5mn square feet. It will then be the largest terminal. Construction is expected to complete in 2026.
Ferrovial has deep expertise redeveloping airports having completed 33 such projects over the past 20 years. Ferrovial owns 25% of Heathrow, London’s favourite airport.
Four major road and bridge projects get go-ahead
The Government has announced £160m funding for 4 major road and bridge projects in Newcastle, Cornwall, Salford and Redbridge that will generate £659 million worth of economic benefits to local communities and regions.
The project in Cornwall has finally gotten the go-ahead after 3 years of delays.
The purpose of the upgrades is to ease traffic and deliver economic benefits to connected regions.
Work is expected to start this year on one of the projects, Tyne Bridge, 2023 on Central Motorway adjacent to it. The Salford A34 project is still subject to council approval.
Construction Leadership Council CO2nstructZero Net Zero initiative
The Construction Leadership Council have initiated CO2nstructZero campaign to form collaborations in the construction industry. It’s based on the Government’s 10 point plan published in November 2020 that sets out the goal to achieve net zero by 2050.
The CLC has set out CO2nstructZero Performance Framework based on 9 priorities with a roadmap to achieving net zero through collaboration.
CLC says it’s signed up 100 partners so far including Sir Robert McAlpine, Builders Merchants Federation, HS2 and Planet Mark.
See a full list of partners here.
WEBINAR Will AI really change the face of construction?
11am Friday 16 September Infrastructure Intelligence is hosting a free webinar on Artificial intelligence (AI). AI is on the rise in construction as companies look to streamline delivery in order to meet ever-growing demand. The event will address how AI will transform the industry and what it all might mean for the people who work within it.
Sign up free here.
Laing O’Rourke appoints Head of Sustainability
Rossella Nicolin has been promoted from Structural Technical Director to Head of Sustainability for Europe in a move that strengthens the engineering companies’ commitment to sustainability and net zero. Last year it set global sustainability goals on climate, people and nature including
· Achieving operational net zero by 2030
· Becoming a net zero company before 2050
· Developing universal wellbeing services that set a new industry standard in caring for people
· Advancing offsite manufacturing-led construction as the catalyst for safe, inclusive, and long-term careers
· Achieving equal numbers of men and women among its 5,500 global staff by 2033.
Joanne Conway appointed Chair of FM Conway
The daughter of the founder of 60 year old infrastructure company FM Conway has been appointed as the new Chair. She has worked in the company for 21 years across major departments and led the company to become the second largest asphalt supplier in Europe under leadership of that department.
Joanne Conway said,
“We are a family business with family values working towards delivering the best solutions for all by using the safest, innovative and most sustainable methods. And most importantly, with a workforce of people that care.”
HSE inspectors turn spotlight on site dust risks
From this week The Health and Safety Executive will be focusing on dust throughout June 2022. It will specifically focus on respiratory risks and occupational lung disease. Many workers do not realise the risk of long term silicosis from exposure to dust and are often not protected against the dangers of this slow killer. Most of the time dust particles can’t be seen but exposure can lead to sever breathing difficulties and early death. More awareness actually occurred historically as training used to take place regarding the dangers of dust, but training nowadays often doesn’t take place. 12,000 workers die annually from lung diseases from past exposures.
More info here.