Skanska has signed an agreement in a joint venture with Stacy Witbeck to construct the East San Fernando Valley Light Rail Transit Project for LA Metro in Van Nuys, California. Skanska’s share of the overall USD 1.9 billion contract stands at USD 957 million (approximately SEK 8.9 billion), booked under third-quarter 2026 US orders. The 10.8-kilometre ground-level system with 11 stations will complete in December 2031.
Phu Quoc Special Economic Zone and Sun Group have signed six strategic agreements with key sector partners to upgrade island infrastructure before hosting APEC 2027. The project commitments cover a new Light Rail Transit line, localised security frameworks, a multi-level school campus, and community English education initiatives. The coordinated efforts aim to strengthen long-term municipal development across the island.
Arup and Obermeyer GmbH & Co. Kg have secured a masterplanning contract from Autobahn GmbH to redesign the A3/A1 motorway junction in Leverkusen. As one of Germany's oldest and busiest interchanges, the site will undergo extensive modernisation to ease congestion. The joint venture project features key civil engineering works, including a new one-kilometre bridge near the BayArena, while maintaining continuous traffic flow during construction.
TransLink has broken ground on its first real estate scheme, a 31-storey mixed-use tower at West Broadway and Arbutus in Vancouver. Developed alongside PCI Developments, the project features 256 rental homes, retail space, and community facilities directly opposite the upcoming Arbutus Station. The scheme marks a new funding model for TransLink, generating long-term non-taxation revenue to reinvest directly into the regional transit network.
A new report by property consultancy Cavendish Maxwell reveals that Ras Al Khaimah will deliver 25600 new residential units by 2030. The massive property boom is fueled by a population projected to reach 650000 alongside major infrastructure upgrades. Apartments will comprise 97% of the upcoming pipeline to meet shifting buyer demands, with peak delivery expected to hit 9100 homes in 2029.
Sun Group has signed a US$360 million agreement with an international consortium to build a massive aircraft maintenance, repair and overhaul complex at Vietnam's Van Don International Airport. The project, involving HAECO, Japan Airlines and Toyota Tsusho, aims to address a severe regional capacity shortage and lower the local industry's dependence on overseas engineering hubs when operations begin in 2028.
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