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voda 8 maart 2018 20:50

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China interested in Iran-Armenia Rail project

Financial Tribune reported that China is interested in the project designed to build a rail link between Armenia and Iran. This was announced by Jian Aiming, the head of the Department for Eurasian Affairs of the Chinese Civil Engineering Construction Corporation, in a meeting with Armenia’s Minister of Transport, Communications and Information Technology Vahan Martirosyan.

Aiming was quoted as saying in a press release that China’s Ministry of Commerce would discuss the inclusion of this project in the “One Belt, One Road” program. He added that after the discussions were over, the corporation would be ready to conduct a feasibility study of the project, ARKA news agency reported.

Martirosyan stressed that the rail construction is of strategic importance for Armenia and expressed readiness to discuss this issue with China’s trade minister.

The agreement on the construction of the rail link was approved by Armenian and Iranian governments in 2009. In 2012, the Dubai-based Rasia FZE Investment Company was granted a 50-year concession by the Armenian government to build and manage the 305-kilometer railroad from Armenia to Iran, to be named the Southern Armenian Railway.

By late 2013, Rasia FZE developed a feasibility study for the project, estimated to cost $3.5 billion. The high cost is explained by mountainous terrain through which it is supposed to pass. Specifically, the 305-km-long railroad was to cross 64 bridges spanning 19.6 km and 60 tunnels extending over 102.3 kilometers.

The Armenian government said the railroad was to run from Gagarin Station in Armenia’s Gegharkunik Province to Agarak in southern Syunik and may transport cargo totaling 25 million tons a year. It was also said to provide the shortest transportation route from the ports of the Black Sea to the ports of the Persian Gulf and establish a major commodities transit corridor between Europe and the Persian Gulf region.

China Civil Engineering Construction Corporation Ltd. was established in June 1979 under the approval of the Chinese State Council. Its business scope expands from international contracting for railroad construction to civil engineering design and consultancy, real estate development, trading, industrial investment and hotel management as well.

The business activities of CCECC have expanded to over 40 countries and regions where more than 20 overseas offices or subsidiaries have been established.

The One Belt and One Road initiative is a development strategy proposed by the Chinese government that focuses on connectivity and cooperation between Eurasian countries, primarily China, the land-based Silk Road Economic Belt and the oceangoing 21st-Century Maritime Silk Road.

The strategy underlines China’s push to take a larger role in global affairs with a China-centered trading network. It was unveiled by Xi Jinping in September and October 2013 for SREB and MSR respectively.

Source : Financial Tribune

voda 8 maart 2018 20:51

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China now a hub for the manufacturing of construction machinery - Report

News Ghana reported that China has been the largest manufacturer of construction machinery around the world, occupying 12 seats among the world’s top 50 machinery enterprises, according to China Central Television, adding that its infrastructure has wowed the world with refreshed records and impressive speed. The heroes standing behind the amazing “Chinese speed” are competitive construction equipment created by Chinese makers as they are capable of solving the world’s toughest construction problems.

Such miracles include the 4,000-ton jack platform that can make a 4.5-meter move up within five hours, 12 production lines that each can produce 15,000 tons of cements every day, as well as the elevator that can lift ships in just 40 minutes.

China is among the four countries worldwide that can produce a kind of pump truck with a 47-meter-long arm whose strength can reach 1,800 MPa. The ultrafort steel for the truck was independently developed by China.

The latest-generation jack platform independently designed for construction of super-tall buildings has significantly improved the working efficiency, and as a result refreshed the skyline of Chinese cities in a green, safe and efficient way when the country is going through the largest ever urbanization in the history of mankind.

It is also expected to provide support for the safe construction of almost 70 percent high-rise building over 300 meters around the world.

Loaders are important machinery to evaluate the strength of a country’s engineering construction. China has developed a loader for plateaus that outperformed the rest of the world. Installed with torque converters of independent intellectual property, such loaders can scoop and load a maximum of 1,400 tons within an hour.

The self-developed full face tunnel boring machine, also known as “underground aircraft carriers”, is another witness of China’s strength in manufacturing construction equipment.

The huge machinery, 230-meter-long with a 7-meter diameter, has conquered a challenge that haunted the global industry for half a century. Thanks to such world-class technology, the China-made tunnel boring machine has won two thirds of the market share in the globe.

The 4,000-ton crawler crane, the concrete pump truck with a 101-meter carbon fiber arm, the 5,200-ton high-level slewing tower crane and some other heavy machines are also the contributors helping China to the first club of construction machinery.

These China-made building machineries have not only contributed to its own infrastructure, but also will grow into a backbone for global infrastructure by cracking the hard nuts faced by the whole world.
Latest-generation jack platform designed for construction of super-tall buildings. (Source: screenshot from the documentary “The Pillars of a Great Power II” filmed by China Central Television.)

Source : News Ghana

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voda 8 maart 2018 23:00

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Aldi wil fysieke winkels openen in China

De grote Duitse supermarktketen Aldi wil expanderen in China. De Duitse supermarktdiscounter is er ruim een jaar online actief, maar wil er nu ook fysieke winkels openen, schrijft het Duitse vakblad Lebensmittel Zeitung.

Aldi Süd zou de fysieke sprong naar China willen maken. Binnen enkele jaren wil de discounter zo’n vijftig fysieke winkels in de regio Shanghai openen, alsmede een groot distributiecentrum. Volgens het vakblad gaat het om de grootste expansie in de geschiedenis van Aldi Süd.

Sinds maart 2017 biedt deze Aldi-tak via het onlineplatform Tmall Global (onderdeel van onlinereus Alibaba) onlineproducten aan, zoals wijn, snacks en ontbijtproducten. De Chinese onlinemarkt voor Aldi Süd wordt bevoorraad door Australische leveranciers. Aldi Süd heeft in Australië enkele honderden winkels.
Volgens het Duitse vakblad is het Duitse concern momenteel op zoek naar Chinese managers, die voor andere Europese handelsbedrijven hebben gewerkt. Experts zeggen dat Aldi twee tot drie jaar nodig heeft om de fysieke winkels in China op te bouwen.

Aldi (een afkorting van Albrecht Diskont) is een van de succesvolste discounters in de wereld en bestaat al sinds 1961 uit twee delen die op eigen benen staan, Aldi Nord en Aldi Süd. De twee broers die de keten tot dan hadden geleid, Theo Albrecht en Karl Albrecht, konden het niet eens worden over de vraag of zij ook tabak moesten verkopen en splitsten het bedrijf.

Aldi Nord en Aldi Süd voeren elk een eigen beleid, waarbij de activiteiten maar in beperkte mate op elkaar worden afgestemd. De broers hadden niet alleen Duitsland, maar ook de wereld gesplitst. De meer dan 500 Nederlandse winkels zijn bijvoorbeeld onderdeel van Aldi Nord, de ruim 1500 filialen in de Verenigde Staten zijn van Aldi Süd.

De laatste tijd zijn er geruchten in Duitse media dat het mogelijk toch weer tot een hereniging van beide takken zal komen.

fd.nl/ondernemen/1245105/aldi-wil-fys...

voda 9 maart 2018 16:32

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Trump Trade War – China strongly opposes the move

China’s commerce ministry said that it resolutely opposes a move by US President Donald Trump to impose tariffs on steel and aluminium imports and called for the United States to withdraw the measures as quickly as possible. China’s Ministry of Commerce said China would assess any damage caused by the US move and firmly defend its legitimate rights and interests. It added that the tariffs would seriously impact the normal order of international trade.

China’s steel and metals associations also called for the government to retaliate against the United States for slapping hefty tariffs on aluminium and steel imports in the strongest response yet from the sector in an escalating trade dispute. China Iron & Steel Association (CISA) and China Nonferrous Metals Industry Association said in separate statements that they strongly oppose the duties

CISA said “The China Iron & Steel Association (CISA) appeals for the Chinese government to take resolute measures against imports of some U.S. products including stainless steel, galvanized sheet, seamless pipe, coal, agriculture products and electronic products. Trump’s behaviour is a challenge to the global steel industry and will definitely encounter opposition from more countries.”

China Nonferrous Metals Industry Association also made similar strong comments, urging Beijing to take action on imports of coal, aluminium scrap, agriculture products and high-end consumer products.
egarding the Final Determination of the President concerning the Section 232 Investigation on the Effect of Imports of Steel on U.S. National Security.

Source : Strategic Research Institute

voda 12 maart 2018 20:32

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China steel exports could fall further in 2018 - Chairman of Fujian Sangang Group

Reuters reported that chairman of state owned mill Fujian Sangang Group Co Ltd said that Chinese exports of steel products might continue to fall this year due to strong domestic demand and reductions in capacity due to environmental commitments. The prediction follows a 30.5 per cent plunge in Chinese steel exports last year to 75.43 million tonnes, as strong domestic prices and high profits at home led to a drop in shipments abroad.

Li Lizhang told Reuters “The supply and demand trends are now more in line following the supply-side reforms while most of the downstream sectors have shown signs of recovery.”

He said “Domestic demand from property, infrastructure, manufacturing and shipbuilding sectors will increase, while steel supply would also see small pick-up this year compared to 2017.”

Li said that “Production curbs would not be limited to the smog-prone region of Beijing-Tianjin-Hebei. Other regions will also see restrictions if pollution levels exceed the limits. Despite this, steel prices would not see a big fluctuation, , as steel mills have already prepared for the new normal.”

Fujian Sangang, the biggest producer in southeastern China, has a total capacity of 11 million tonnes. It produced 11.19 million tonnes of steel products last year, and plans to produce 10.8 million tonnes in 2018.

Source : Reuters

voda 13 maart 2018 15:06

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Centrale bank China krijgt meer macht

Gepubliceerd op 13 mrt 2018 om 07:32 | Views: 726

PEKING (AFN/BLOOMBERG) - De centrale bank van China krijgt meer macht van de staat. De machtsverschuiving is het gevolg van een grondige herschikking in het toezicht op de Chinese banken en verzekeringsmaatschappijen.

De twee Chinese toezichthouders voor de banken en verzekeringen fuseren. Een deel van hun taken komt bij de centrale bank terecht. Die krijgt onder meer prudentieel toezicht en het opstellen van nieuwe regels voor de financiële sector in het nieuwe takenpakket.

De herschikking is bedoeld om mazen uit het toezicht te halen en risico's te beperken in de sectoren die samen 43 biljoen dollar (34,9 biljoen euro) waard zijn.

voda 13 maart 2018 16:10

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Electric vehicles could fracture the nickel market - Andy Home

Reuters reported that China’s Ministry of Finance made some minor but significant tweaks to its nickel import tariffs at the start of this year. The import duty on melting-grade nickel cathode was doubled from 1 % to 2 %, while that on nickel sulfate was cut from 5.5 % to 2 %. The reason is that nickel sulfate is a form of the metal highly suited to the production of precursor battery materials.

China, already a leader in the electric vehicle battery sector, is evidently laying the ground for stimulating imports of nickel in the most readily usable composition for lithium-ion battery processing.

Batteries are still a relatively small part of nickel’s usage profile, representing about 4 % of global demand, according to the International Nickel Study Group.

But everyone knows that ratio is only going to increase as the electric vehicle revolution builds momentum.

As it does, however, it could fragment an already cracked market, both in terms of the supply chain and pricing.

Most of the world’s nickel production about 70% of it is used as an alloying input in the production of stainless steel.

The type of nickel used for stainless production was historically, in ascending order of price, stainless steel scrap, ferronickel and refined metal.

But the Chinese initiated a materials revolution around the middle of the past decade in response to nickel’s extraordinary bull run to more than USD 50,000 a tonne in 2007.

Looking for cheaper alternatives, they unearthed a technology that had been explored but never developed, namely nickel pig iron.

An explosion in this form of the metal has generated far-reaching consequences, including a whole new nickel ore supply stream from Indonesia and the Philippines, the offshoring of NPI production and even stainless steel production to Indonesia and the crash in the nickel price to less than USD 10,000 in 2016.

Producers of more conventional types of nickel are still struggling to adjust. Witness the decision late last year by Vale, the world’s largest producer, to mothball production capacity.

Nickel’s existing dynamics, beholden as they are to the needs of stainless steel producers, are highly problematic for the EV sector.

Most of the world’s current production growth is taking place in the NPI segment of the market.

NPI production is forecast to hit 700,000 tonnes this year, compared with global refined output of 2.08 million tonnes in 2017, according to Wood Mackenzie.

Global mine output, the research house says, will increase by more than 10% this year but just about all of that will come from Indonesia and the Philippines in the form of nickel ore destined for NPI processing.

The problem is that none of this material is suited for production of the nickel sulfate powder desired by battery makers.

It’s not impossible to transform NPI into sulfate, but it’s neither economical nor logical. As a result, to quote Wood Mackenzie, “about half of global nickel production is not available” for battery usage.

Source : Reuters

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voda 13 maart 2018 16:11

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Restriction on imports of China copper scrap to hit supply chain

Fast Markets reported that restriction on imports of some copper scrap products to China has already caused the industry to make some process changes but many questions are still unanswered, a panel of scrap experts said at the Metal Bulletin Copper conference. The number of licenses granted by the Chinese government for copper scrap imports dropped by 94% year on year to account for 136,685 tonnes in the first two rounds of issuance from 2,397,565 tonnes a year ago.

The Ministry of Environmental Protection has set the threshold for impurities allowed in non-ferrous scrap imports including copper scrap at 1%.

The restrictions are in line with a drive from the Chinese government and the MEP to crack down on pollution and pollutants in the country and is already having an impact on the supply chain, panelists told delegates at conference in Madrid on Wednesday February 7.

Mr Michael Lion consultant and scrap specialist said that “Significantly less scrap has been going into China.” Mr Lion said that “And we know that quite a lot of processors who were operating in China have made some investments in Southeast Asia in other countries to process those materials that are more than likely not to be acceptable to come into China.”

This investment is tentative, however, Lion said. While processors are keen to take advantage of the new regulation, there is not yet confidence it will remain for the long term.

Similarly, a lack of clarity on the regulation means exporters are less likely to ship material to China and run the risk of overzealous implementation.

China was traditionally the world’s largest importer of various types of copper scrap, including wires and automotive scrap.

A consequent lack of demand from exporters such as the United States and Europe has translated to stockpiles piling up at processors.

Mr Bernhard Uldrian former chief operating officer of secondary cathode producer Montanwerke Brixlegg said that “In American scrap there is two to three months of stock of cable scrap that needs to be processed, but I don’t think it will take so long to that.”

Meanwhile, scrap exporters have been left with material they have not had to process for several years.

Mr Murat Bayram director of EMR said that “For 20 years it was a no brainer [to sell scrap into China] – order a container, load it with your copper cables.” He said that in the meantime, the knowledge and infrastructure to process that scrap has suffered and must be redeveloped.

Mr Bayram added that “We see in Europe investment in granulations in motorcycle recycling but this all needs to be optimized.”

Source : First Markets

voda 13 maart 2018 16:53

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Chinese firms interested in coal fired plants sale - Report

Reuters reported that several Chinese firms have expressed interest in acquiring coal-fired plants Greece’s power utility Public Power Corp will divest to comply with an EU court ruling, the company’s chief executive said.

Athens has agreed with its foreign creditors that PPC, which is 51 % state owned, will sell plants equal to about 40 % of its capacity after a European court ruled the utility had abused its dominant position in the coal market.

Asked by reporters whether there were many Chinese investors interested in the plants, PPC’s Chief Executive Officer Mr Manolis Panagiotakis said “quite a few”.

In a market test conducted by the European Commission’s directorate general for competition, fifteen investors have expressed interest in acquiring the plants.

Athens is expected to pass relevant law by April in order for PPC to launch a tender by June.

Mr Panagiotakis said that “We hope there are no obstacles and, indeed, we launch the tender in June.”

PPC has hired PwC and HSBC as consultants on the sale, he added.

The units that will be sold are Meliti I and the yet-to-be-built Meliti II in northern Greece along with another two units in the southern Greek town of Megalopolis.

Source : Reuters

voda 13 maart 2018 17:06

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European auto supplier SAF-Holland plans to build its largest factory in east China

Xinhua reported that the European auto supplier SAF-Holland plans to build its world's largest factory in Yangzhou city in east China's Jiangsu Province, the city government announced. With a total investment of USD 100 million, the new factory will mainly manufacture auto parts, including suspension systems and axles, for commercial vehicles, according to the company.

The company said that it will be located in the economic and technological development zone of the city, and will include a 46,000 square-meter workshop, and a 20,000 square-meter warehouse.

However, the construction will be completed before 2019, and is expected to generate CNY 600 million in revenue every year when in operation.

Mao Guoxin, CEO of the company's China operations, said that "Yangzhou has a solid industrial base, and its water and land transportation are both convenient. And we have a lot of business partners around the area."

Source : Xinhua

voda 13 maart 2018 17:06

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BMW will develop and produce electric Mini in China – Mr Schwarzenbauer

Automotive News reported that research and development of the new electric Mini will take place in China, BMW board member Mr Peter Schwarzenbauer said, as the British brand awaits a new alliance with China's Great Wall Motor. BMW announced last month that it had signed a letter of intent with Great Wall, potentially giving the Chinese company its first foreign manufacturing partner and BMW the first Mini assembly site outside Europe.

Mr Schwarzenbauer told reporters ahead of the Geneva auto show, which opened to the media “It will be developed in China and it will be produced in China, but we don’t know where yet. The car could also be exported.”

So far BMW has relied on its research and development facilities in Germany to produce the current Mini. More stringent local regulations, however, are forcing a shift of intellectual property to China.

He said that “You have to have certain components localized. In the new energy vehicles regulation, the drivetrain and the battery technology needs to be sourced locally,” adding that BMW Group would rely on its existing sales partnerships to sell the vehicle.

He added that BMW’s own i3 electric car, which is built and developed in Germany, is not eligible for local subsidies because it does not have components sourced in China.

Source : Automotive News

voda 13 maart 2018 17:07

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Chinese vehicle sales tumble in February 2018 - CAAM

Reuters reported that China's vehicles sales in February fell 11.1 percent from a year earlier to 1.72 million vehicles, an industry body said on Friday, as growth in the world's largest auto market reversed after a rapid start to the year. The steep drop, impacted by the timing of the week-long Chinese New Year holiday which was in February this year but January in 2017, comes after vehicle sales rose 11.6 percent in the first month of the year, the fastest in 11 months.

The February drop marked the end of an eight-month rising streak for China's autos market, even if growth has generally been tepid since the second-half of last year. China vehicle sales for the first two months of the year combined were up 1.7 percent at 4.53 million.

The China Association of Automobile Manufacturers (CAAM), which has predicted 3 percent market growth this year, said it was hard to determine full-year growth. Sales rose 3 percent last year, sharply down from a 13.7 percent gain in 2016.

Li Shaohua, CAAM assistant secretary general, told a press briefing in Beijing, "Regarding the annual sales target, whether it is 3 or 1 or 5 percent, whether it's from CAAM or an industry forecast, it's not numerically important. It's too early to determine the full-year picture based on the January-February trend."

Source : Reuters

voda 14 maart 2018 16:26

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Industriele productie China gestegen
Productie in februari op maandbasis 0,57 procent hoger.

(ABM FN-Dow Jones)De productie van de Chinese industrie is in februari gestegen. Dit meldde het Chinese statistiekbureau woensdag.

De productie groeide in februari met 0,57 procent op jaarbasis. De industriële productie inde eerste twee maanden van 2017 steeg met 7,2 procent op jaarbasis.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 14 maart 2018 16:26

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Chinese detailhandelsverkopen gestegen
Op maandbasis stijging van 0,76 procent.

(ABM FN-Dow Jones)De detailhandelsverkopen in China zijn in februari op maandbasis gestegen. Dit bleek woensdag uit overheidscijfers.

De verkopen stegen met 0,76 procent ten opzichte van de voorgaande maand. In december, data van januari ontbreken vanwege het Chinese Nieuwjaar, was sprake van een stijging van 0,7 procent op jaarbasis.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 14 maart 2018 16:56

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Chinese steel mills posting huge surge in profits in 2017

Xinhua reported that China’s listed iron and steel producers have posted strong profits for 2017 as the country’s production capacity cuts reduced outdated supply and led to rising steel prices. By last Wednesday, 11 steel companies that had released their annual reports made total profits of CNY 20.13 billion last year, against a loss of CNY 1.25 billion in 2016.

In an annual report filed with the Shanghai Stock Exchange, Xinjiang Bayi Iron and Steel Co said its net profit surged over 30 times last year to CNY 1.17 billion while its operating revenue rose 69.44% to CNY 16.76 billion. The company had reported losses of more than CNY 2 billion in both 2014 and 2015, and shook off losses in 2016 with a net profit of CNY 37 million.

Hunan Valin Steel made CNY 4.12 billion in net profit in 2017, one of the largest among listed steel companies. This was a sharp contrast with a loss of over CNY 1 billion in 2016 and nearly CNY 3 billion in 2015.

The improved performance in both companies showed the positive outcome for the steel sector from China’s capacity reduction efforts.

Source : Xinhua

voda 15 maart 2018 17:10

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Despite winter curbs Chinese crude steel production in Jan-Feb surge by 6pct YoY

The production rise came despite Beijing's stringent crackdown on heavy manufacturing in 28 of its smoggiest cities as part of its war on winter smog. Those curbs will be lifted in most regions on Thursday, which marks the end of the four-month winter heating season.

The NBS only provided combined output figures for January and February due to the distortive effects of the Chinese New Year holiday that sees much of China shut down for a week.

Source : Strategic Reseach Institute

voda 15 maart 2018 19:33

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Chinese gas consumption to grow 10pct in 2018 - BMI Research

BMI Research expects China's gas consumption to grow by 10 pct in 2018. Robust growth in natural gas demand is being driven by continuing policy support.

China's gas production to reach another record in 2018. It said that supplies will still be well short of gas demand in 2018.

Meanwhile, China will continue to rely on LNG imports to meet domestic needs, supporting LNG prices.

Source : Reuters

voda 15 maart 2018 19:48

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China exports largest tunneling machine to Bangladesh

Xinhua reported that a Chinese firm rolled off China's largest shield tunneling machine for export, which is destined for Bangladesh to assist with a river tunneling project. The export of the machine produced by Tianhe Mechanical Equipment Manufacturing Co. Ltd. based in east China's Jiangsu Province will break the monopoly of ultra-large tunneling equipment by developed countries in the exports, according to Zhou Jun, chief engineer with the Chinese firm.

The machine with a diameter of 12.12 meters weighs 2,200 tonnes. It will be used for opening a 3,500-meter road tunnel under Karnaphuli River.

Mr Kabir Ahmed, chief engineer of the Bangladesh Bridge Authority, said that "The tunnel construction has been a dream for Bangladesh people, as we want to develop Chittagong Port as good as China's Shanghai."

Source : Xinhua

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voda 15 maart 2018 19:50

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The world’s 9 biggest mega projects under way right now - Report

Infra News - Published on Thu, 15 Mar 2018
Image Source: thewest.com

The West Australian reported that we all know the phrase, "Go big or stay home." The engineers behind the world's largest construction projects are doing just that. They don’t call them mega projects for nothing - and when they say big, they mean BIG.

Here’s the nine biggest mega construction projects being worked on around the world right now.

1. The Hong Kong-Zhuhai-Macau Bridge. Cost: USD 10.6 billion
The near-50km long project will link three major cities in China’s Pearl River Delta and will be the world’s longest bridge.

The sea crossing will link Hong Kong, Zhuhai city in China’s Guangdong province and Macau via a three-lane dual bridge and tunnel system featuring of a series of three cable-stayed bridges and an undersea tunnel, as well as three artificial islands spanning the Lingdingyang channel.

It is due to open to traffic later this year.

2. Jubail II. Cost: USD 11 billion
Jubail Industrial City in Saudi Arabia was first built in the 1970s but is now growing rapidly, with expansion to 6200 hectares set to finished in 2024. The project is so large it has been split into four phases and will include another 100 plants and an oil refinery.

The earthworks process alone will require moving more than 30 million cubic metres of aggregates, along with the installation of almost 4m-wide pipelines to carry water from the sea into the industrial facilities at a rate of 200,000 cu m an hour.

Another 50,000 residential units will be added by 2026 as part of the expansion process.

3. Beijing Daxing International Airport. Cost: $US13 billion
The second airport for China’s capital will be able to handle up to 100 million passengers a year. It is made up of 1.6 million cubic metres of concrete, 52,000 tonnes of steel and covers 47sqkm, including runways.

Two of China’s three major airlines — China Eastern Airlines and China Southern Airlines — will move to the airport, which lies nearly 70km south of Beijing, when it is finished later next year.

4. London Crossrail. Cost: $US23 billion
More than 40km of extra track is being added to the Tube system to connect 40 stations in London and the South East.

The new railway will be known as the Elizabeth line when it opens through central London this year.

The project has involved building a new line running from Reading and Heathrow in the west, through 42km of new tunnels under London to Shenfield and Abbey Wood in the east.

The new line will be fully integrated with London’s existing transport network and will be operated by Transport for London.

5. Dubailand. Cost: $US64 billion
It will cover 173sqkm with theme parks, sport venues and the world’s biggest hotel by 2025.

The park, which will equal London’s Hyde Park for size, will include 30km of pedestrian pathways, 20km of jogging track, more than 14km of cycle tracks and 7km of nature trails. It will also include 55 playgrounds for children, 45 sports grounds, five major events areas and retail space for shops, restaurants and coffee shops.

6. California high speed rail. Cost: $US70 billion

The rail line will be built between Los Angeles and San Francisco and be ready by 2030, cutting the journey time to just two hours and 40 minutes with speeds of up to 350km/h.

The system will eventually extend to Sacramento and San Diego, totalling 1300km with up to 24 stations. But with cost blowouts and a revised budget adding an extra 20 per cent to the build price, the project in now under a cloud.

Mr Stephen Levy, executive director and senior economist with the Centre for Continuing Study of the California Economy, told CNBC that “It appears that they are finally bringing forth more realistic cost estimates and a more realistic schedule. The whole project remains in doubt as the costs increase and the funding gap increases.”

7. South to North Water Transfer Project, China. Cost: $US78 billion
China is building three giant canals to bring 44.8 billion cubic metres of fresh water a year from the Yangtze River in southern China to arid and industrialised areas of the country in the north.

The monumental undertaking is expected to take a whopping 48 years to complete.

The scheme has already taken 50 years from conception to commencement. When finished it will link China’s four main rivers – the Yangtze, Yellow River, Huaihe and Haihe.

8. Al Maktoum International Airport, Dubai. Cost: $US82 billion
Once finished, Dubai’s second airport will be the world’s biggest and service 160 million travellers a year.

The first phase includes adding two new runways and two large concourses housing dozens of aircraft gates each.

The new airport will eventually boast five parallel runways spaced far enough apart so they can all be used at the same time, and have enough gates for hundreds of wide-body planes.

Emirates is expected to move its hub to there shortly after the first expansion phase is complete, freeing up space in the older airport.

9. International Space Station. Cost: $150 billion
Officially completed in 2011, proposed expansion includes adding four new modules this year and in 2019.

The ISS is the largest human-made body in low Earth orbit and can often be seen with the naked eye from Earth.

Source : The West Australian

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voda 15 maart 2018 20:00

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Chinese WM Motor open to US IPO

Bloomberg reported that China’s WM Motor Technology Co., set to take on Tesla Inc. with an electric SUV going on sale this year, is open to holding an initial public offering in the US as its founder shrugs off a potential trade war between the world’s two biggest economies. WM Motor has a team looking into proposals for an IPO in the US, Hong Kong or China, Chief Executive Officer Mr Freeman Shen said, without giving a timing for a listing. WM Motor said in December it has raised a total of 12 billion yuan ($1.9 billion) from investors including Chengwei Capital, Envision Energy, Baidu Capital, SIG Asia and Ameba Capital.

Mr Shen, a former Volvo Car AB executive, told Bloomberg TV in Beijing that “Our first market will be China, so obviously listing in a market with our target customers will bring a lot of benefits. On the other hand, our team is very global. Listing in the U.S. will also open up a lot of possibilities to work with different partners globally.”

WM Motor is set to debut its Weltmeister EX5 electric SUV this year as Shen seeks to capitalize on growing demand for electric vehicles, with the Chinese government pushing gas guzzlers off its roads. The carmaker is challenging local rivals such as NIO, backed by Asia’s biggest technology company Tencent Holdings Ltd., and Byton, a Nanjing-based company started by former BMW AG executives, while preparing to compete with Tesla and giants such as Volkswagen AG and Toyota Motor Corp.

Shen’s company is betting on lower pricing than some of its rivals to attract users in the fast-growing market. The carmaker has said the EX5 will cost about 200,000 yuan, compared with more than 800,000 yuan for Tesla’s Model X.

Mr Shen said that WM Motor has no urgency to raise more funds as it has enough to introduce two to three new products over the next few years. About $1 billion was received in WM Motor’s initial round in 2016, a rare feat for a startup’s first round of funding.

Mr Shen took a differing view from Tesla’s Elon Musk, who criticized China’s 50 percent ownership cap for foreign carmakers in local joint ventures and the country’s 25 percent tariff for imported cars. Shen called the two policies more of a “formality,” saying U.S. auto companies such as General Motors Co. and Ford Motor Co. have been making big profits in China with the help of local partners, while the number of cars traded between the two countries is very limited.

Source : Bloomberg

Bijlage:

AEX 921,92 -3,99 -0,43% 28 feb


Germany40^	22.555,90	+0,02%
BEL 20	4.420,51	-0,60%
Europe50^	5.455,27	-0,15%
US30^	43.818,00	0,00%
Nasd100^	20.879,40	0,00%
US500^	5.952,17	0,00%
Japan225^	37.585,40	0,00%
Gold spot	2.857,60	0,00%
EUR/USD	1,0375	-0,20%
WTI	70,08	0,00%

Van Lanschot ...	+4,09%
ADYEN NV	+2,53%
HEIJMANS KON	+1,76%
ACOMO	+1,59%
DSM FIRMENICH AG	+1,48%

Kendrion	-5,98%
AMG Critical ...	-4,99%
AZERION	-4,20%
AALBERTS NV	-3,13%
ASML	-2,93%

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