Overseas

17:48 2021.10.27

ASI and Bloomberg will invest US $1 trillion in photovoltaic investment in Afric

The international solar energy alliance and Bloomberg charitable foundation signed a cooperation agreement to mobilize US $1 trillion in investment in solar power generation, which will be carried out in member countries of the Italian Space Agency, most of which are in Africa.Editor/XuNing

17:33 2021.10.27

Akor-Eurocontsruct wins $20437 million road contract in Bucharest

The Greek-Romanian joint venture Aktor-Euroconstruct Trading 98 won Lot 3 of the Bucharest South Ring Road. The contract valued at 173.76 million euros (US$20437 million) was awarded by the Romanian national road infrastructure management company CNAIR and funded by the EU Cohesion Fund and the Romanian government. Editor/Bao Hongying

17:32 2021.10.27

CINEA Signs Grant Agreement for Baltic Railway Project

The European Climate, Infrastructure and Environment Executive Agency (CINEA) has signed an additional cross-border grant agreement involving funding for the Baltic Rail Link to Europe Facility (CEF). So far, the Baltic Railway Company has received nearly $1.32 billion in funding from the European Union and governments. Editor/Bao Hongying

17:32 2021.10.27

EU invests in Hyperloop for the first time

The Dutch engineering spin-off company Hardt Hyperloop has been awarded 15 million euros by the European Commission. This is the first time that the European Union has directly funded the development of an ultra-fast transportation concept. This sum was paid by the European Innovation Council accelerator to help the Dutch engineer and his partners continue research and development. Editor/Bao Hongying

17:31 2021.10.27

Saudi Arabia spends 110 billion U.S. dollars to develop blue hydrogen

Saudi Arabia has stated that it will use one of the world's largest natural gas projects to produce blue hydrogen, and strive to increase its efforts to export this fuel that is considered essential to the green energy transition. Editor/Bao Hongying

17:31 2021.10.27

754 million US dollars! Construction of a new Russian highway starts

Two large highway projects are getting results in Russia. One of the projects is the construction of a section of the Krasnodar-Kerch highway, and the other is the Kemerovo bypass in Siberia. Editor/Bao Hongying

17:31 2021.10.27

Vinci unit will build a rolling stock repair center in France

Chantiers Modernes Construction, a subsidiary of Vinci Construction, has won a contract worth 95.44 million U.S. dollars (82 million euros) from Paris Grande Paris for the construction of an operations and rolling stock maintenance center in France. Editor/Bao Hongying

17:25 2021.10.27

South Africa seeks over 27 billion U.S. dollars in coal power transformation

The South African government hopes to use a financing mechanism supported by developed countries and financial development institutions to raise 180 billion rand for the construction of clean power generation facilities and 120 billion rand for the development of transmission equipment, substations, and power distribution technologies. Editor/Xu Shengpeng

17:24 2021.10.27

South African government develops 7 billion rand green investment plan

The South African government is about to formulate a green investment plan of up to 500 million U.S. dollars (about 7.4 billion rand) to provide a small portion of the funds needed for its energy transition, of which at least 200 million U.S. dollars will come from the Climate Investment Fund (CIF). Editor/Xu Shengpeng

17:24 2021.10.27

The MR76 seaside road project in Namibia starts

The MR76 seaside road project in Namibia is an important part of Namibia's national transportation planning network and an important passage from Swakopnund to the north. The project was formally signed on October 1, 2021, with a total mileage of 96.6 kilometers and a contract value of approximately RMB 360 million. Editor/Xu Shengpeng

17:23 2021.10.27

Serbia's new budget will increase capital investment 478 billion dinars

The Ministry of Construction, Transport and Infrastructure of Serbia received 21.7 billion dinars from the new budget for road construction. The new budget is mainly used to secure the Moravski koridor and the new Belgrade-Surcin section (Novi Beograd-Surcin). Highway construction also includes financial support for projects such as the Belgrade Metro Project and the Pozarevac-Golubac Expressway in the Danube Corridor. Editor/Xu Shengpeng

17:23 2021.10.27

EU Energy Ministers hold special meeting to discuss energy issues

The EU Energy Ministers held a special meeting in Luxembourg on October 26 to exchange views on the issue of rising energy prices and discuss the response measures of the member states and the EU. The EU energy ministers agreed that member states should take urgent measures to protect the interests of disadvantaged consumers. The "toolbox" developed by the European Commission provides a framework for coordinating the actions of various countries. Ministers also discussed medium- and long-term measures, including electricity market reforms, voluntary joint gas purchase programs, and EU energy storage programs. Editor/Xu Shengpeng

17:23 2021.10.27

EU Energy Ministers hold special meeting to discuss energy issues

The EU Energy Ministers held a special meeting in Luxembourg on October 26 to exchange views on the issue of rising energy prices and discuss the response measures of the member states and the EU. The EU energy ministers agreed that member states should take urgent measures to protect the interests of disadvantaged consumers. The "toolbox" developed by the European Commission provides a framework for coordinating the actions of various countries. Ministers also discussed medium- and long-term measures, including electricity market reforms, voluntary joint gas purchase programs, and EU energy storage programs. Editor/Xu Shengpeng

17:42 2021.10.26

Russia and Mongolia agree on the route of the Eastern Alliance gas pipeline

Gazprom stated that it has reached an agreement with the Mongolian government on the route of the "Oriental Alliance" natural gas pipeline. The pipeline will run through Mongolia and is a continuation of the Russian "Power of Siberia 2" natural gas pipeline. Its export capacity is the "Power of Siberia" pipeline. 1.3 times. Editor/Xu Shengpeng

17:41 2021.10.26

Russia talks about the future development direction of transportation

Russian Minister of Transportation Savelyev announced the "Russian Transportation Development Strategy Before 2030 and Forecasts Before 2035". Transportation investment will increase from 2.3% of GDP to 3.1%. It is estimated that the comprehensive benefits brought by the implementation of the strategy will exceed 90% by 2035. Trillion rubles (approximately 1.3 trillion U.S. dollars), and 180 trillion rubles (approximately 250 million U.S. dollars) in 2050. Editor/Xu Shengpeng

17:40 2021.10.26

India announces new round of tender for wind power projects

The Indian solar company SECI announced a new round of wind power projects, which are connected to the 1.2GW interstate power transmission system ISTS. The deadline for bidding is December 2, 2021, and the bid opening date is December 6. Editor/Xu Shengpeng

17:11 2021.10.26

DST announces plans for Swansea's $2.3 billion renewable energy project

Recently, an international consortium led by the UK-based DST Innovations announced plans to build a US$2.3 billion (£1.7 billion) renewable energy project on the Swansea waterfront in Wales. The project is called BlueEden, led by several business partners, and supported by the Swansea City Council and the British Ports Association. It is planned to be delivered in three phases and is expected to be completed within 12 years. Editor/Xing Wentao

11:36 2021.10.26

Moldova and IMF reach a $564 million energy recovery agreement

Moldova’s Prime Minister Natalia Gavrita stated that Moldova has reached a preliminary agreement with the International Monetary Fund (IMF) on a 40-month financing plan of US$564 million (EUR 484 million). Editor/Bao Hongying

11:36 2021.10.26

Norway plans to invest 3.83 billion euros in road projects

Norway plans to make major investments in road projects in 2022. The Norwegian government is formulating a plan to provide a budget of 3.83 billion euros for a series of road development projects. Editor/Bao Hongying

11:35 2021.10.26

England will receive 9.49 billion U.S. dollars in transportation upgrade funding

Urban areas in England will receive nearly US$9.49 billion (£6.9 billion) in funding to modernize the local transportation network. Editor/Bao Hongying

11:35 2021.10.26

Thailand plans to build a 10-km sea-crossing bridge

Thailand is planning to build a 10-km long bridge to connect Koh Chang to mainland Thailand. The bridge was first proposed a few years ago, and now the project is getting closer and closer to realization. Editor/Bao Hongying

11:35 2021.10.26

New road works in the Leningrad region approved

New road connections will be built in the Leningrad region of Russia. Three new roads will be built in the Vsevolozhsk district. Nearly $119 million in loans will be used to pay for this work. Editor/Bao Hongying

11:34 2021.10.26

Persimmon Homes funded the opening of Lichfield city roads

The last part of the 20.7 million euro (17.5 million pounds) southern bypass around the city of Lichfield in the United Kingdom has been opened. The plan is funded by housing developer Persimmon Homes. In addition to alleviating congestion in downtown Lichfield (especially around the train station), the new roads will also be connected to new housing developments and primary schools. Editor/Bao Hongying

18:50 2021.10.25

Japan's energy plan has the highest priority for renewable energy development

The Japanese government officially released the sixth edition of the Basic Energy Plan on October 22, and for the first time proposed the "most priority" for the development of renewable energy, and increased the proportion of renewable energy power generation in 2030 from 22% to 24% to 36%. To 38%. Editor/Xu Shengpeng

18:29 2021.10.25

International Solar Alliance advances $1 trillion solar power plan

The fourth annual meeting of the International Solar Energy Alliance (ISA) began in New Delhi. Its task is to plan to launch a $1 trillion solar power plant construction plan within the next 10 years. Editor/Bao Hongying

18:29 2021.10.25

Romania builds $1 billion highway

The National Road Infrastructure Management Corporation (CNAIR) approved the second section of the 122-kilometer highway between Sibiu and Pitesti. When completed, this highway will become the first highway to cross the Carpathian Mountains, connecting the capital with the western border of the country. Editor/Bao Hongying

18:11 2021.10.25

Bam receives approval for the first phase of a £220 million overhaul

City councillors have approved the construction of the first phase of the 220 million pounds Bam Construct University upgrade project in Yorkshire. Editor/Bao Hongying

18:11 2021.10.25

2 billion dollars! Bahrain approves the first phase of the subway project

The Bahraini government has approved the start of the first phase of the Bahrain Metro project, which is expected to cost approximately US$2 billion. After the market consultation event held in early March 2021, the government will now enter the tendering phase. Editor/Bao Hongying

18:11 2021.10.25

Hitachi Railways receives USD 850 million road maintenance contract from ILSA

After winning a contract of US$85695 million (737 million euros), Hitachi Rail España will maintain the train fleet of private high-speed rail operator ILSA. Editor/Bao Hongying

18:16 2021.10.22

LightsourceBP will develop a 757MW solar project in Poland

The British-based solar company LightsourceBP has signed an agreement with a Polish renewable energy company to jointly develop a 757MW solar product portfolio in Poland. The portfolio includes nine projects, which will be developed in the Zachodnio-pomorskie, Lubuskie, Dolnośląskie and Wielkopolskie regions. Editor/Xing Wentao