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Madhucon Projects Ltd has announced that TN (DK) Expressways Ltd promoted by the Company for Design, Construct, Develop, Operate and Maintain of KM 305.600 to KM 373.275 between Karur and Dindigul in Tamil Nadu NH-7 at a cost of Rs 360 crores with 20 years concession period and positive grant of Rs 86 crores on BOT basis achieved financial closure. SBI is the leader of the consortium for the SPV.
The Company is executing 330 KM Toll Roads awarded by NHAI costing Rs 1700 crores with Rs 408 crores positive grant, which is the highest for any construction Company in India.
The Company is a pioneer in construction of National Highways, Dams, Canals, Aquaducts, Flyovers, Coal handling plants, Bridges, Railway Projects, Toll roads as developers and Residential cum Commercial ventures.
On Sunday, two days before the 17th anniversary of the Loma Prieta earthquake, Bay Area Rapid Transit officials will unveil new earthquake retrofit plans for the Transbay Tube, which will allow the farmers market at the Ferry Building to stay open, spokesman Linton Johnson said today. Johnson said there is "a 62 percent chance of at least one 6.7 or greater magnitude earthquake happening within the next 30 years,'' and he said currently, BART is not completely prepared. According to Johnson, because the tube runs directly beneath the Ferry Building, previous retrofitting plans were thought to have to cause the Ferry Building and Farmers Market to be closed during construction. Johnson said new plans allow the building and market to remain open. While Johnson said there is no need to retrofit BART stations, the Transbay Tube, which opened in 1974, is located beneath the bay and "if the tube moves in an earthquake, the joints connecting the tube to land can move 360 degrees of rotation,'' he said.
ATLANTA, Oct. 12, 2006 (PRIMEZONE) -- BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building products in North America, expects to report third-quarter net income in the range of $0.05 to $0.09 per diluted share on revenue of approximately $1.2 billion, based on a preliminary review of the company's unaudited financial results for the third quarter ended September 30, 2006. The preliminary results include a charge of approximately $0.05 per share related to cost reduction efforts. Gross profit margin for the quarter was approximately 10%, compared with 9.4% for the same period a year ago, when the company reported net income of $0.46 per share. Revenue declined approximately 17% from $1.45 billion a year ago. .
Vandals have removed brass fire-hose connections from at least 34 buildings in Cambridge during the past few weeks, according to Captain Gerry Mahoney of the Cambridge Fire Department. ``We're assuming they're doing this to get money from the scrap metal," Mahoney said, ``but we don't know yet. The police are investigating." The brass fittings provide the means for a fire hose to hook up to a building's sprinkler system or to advance hose lines in a building with a standpipe system, he said. The purloined fittings create a potentially life-threatening hazard: firefighters on the ground may not be able to get water to those battling a fire on an upper floor. Mahoney guessed that most fixtures weigh between 15 and 20 pounds. One pound of brass scrap metal was going for about $2.50 per pound last week, according to a metal prices website, up substantially from its value a year ago.
Freddie Mac's Economic and Housing Market Outlook for October is headlined "Finding Solid Ground." It is another in a series of projections that the housing market is cooling not crashing and that the "cooling" market will have little impact on the economy as a whole. It does note that, in August, sales of new and existing homes were 12 and 18 percent lower respectively than a year earlier, housing inventories have "bulged" and there is now a 6.6 month supply of new homes on the market. The report, published by the Office of the Chief Economist, gives a nod to media reports of some rather outrageous concessions by sellers as they attempt to move their homes - throwing in luxury cars, offering trips to exotic resorts, plasma televisions, etc, - and an increasing use of builders' incentives such as materials upgrades to move new homes without lowering sales prices.
(MENAFN) An official in the Amsterdam city council revealed that construction of a glass fiber network has started in Amsterdam recently in a project that will connect 40,000 households in Zeeburg, Osdorp and Amsterdam, Xinhuanet reported.
The official added that the super-fast internet connection will be established in partnership with five housing corporations and private investors.
It's worth mentioning that subscribers with a connection can concurrently telephone, go online and watch high-quality television, the official said.
The project is expected to be finished by the year 2008, but it is not yet clear when other city districts will have access to the new network, according to the official.
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