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Hong Kong's shelved plan for 8,300 public flats to face 90% higher cost per home
Hong Kong's shelved plan for 8,300 public flats to face 90% higher cost per home

South China Morning Post

time5 days ago

  • Business
  • South China Morning Post

Hong Kong's shelved plan for 8,300 public flats to face 90% higher cost per home

Hong Kong housing authorities have revealed that the now-suspended plan to build 8,300 public flats in a northern town will face higher costs of up to 90 per cent for each home and require an extra 10 months to complete if it were to press ahead. The Housing Bureau said on Monday that the postponement was prompted by its ground investigation that the site had 'complex geology with a deep bedrock layer'. 'The authority stresses that it has not abandoned the project,' the bureau said. It added that geological issues were expected to bring a longer-than-normal construction period and significant costs for foundation works. The bedrock level had been found at depths exceeding 80 metres (262 feet) below ground in general, with the deepest recorded at 120 metres. If the site were to be used for public housing construction, deep foundation work would be involved, it said. The suspension of the development, including its site formation and infrastructure works, in Fanling was revealed in a document the Housing Department and the Civil Engineering and Development Department submitted to the North District Council last week for a meeting on Monday. According to the paper, the Fanling Area 17 site, spanning about 5.47 hectares (13.5 acres) of both government and private land, is located to the east of Ling Shan Road and Jockey Club Road, south of Ma Sik Road and west of Fan Leng Lau Road. It currently houses the Fan Garden Police Driving and Traffic Training Centre.

Hong Kong's shelved plan for 8,300 public flats to face 90% higher cost per home
Hong Kong's shelved plan for 8,300 public flats to face 90% higher cost per home

South China Morning Post

time5 days ago

  • Business
  • South China Morning Post

Hong Kong's shelved plan for 8,300 public flats to face 90% higher cost per home

Hong Kong housing authorities have revealed that the now-suspended plan to build 8,300 public flats in a northern town will face higher costs of up to 90 per cent for each home and require an extra 10 months to complete if it were to press ahead. The Housing Bureau said on Monday that the postponement was prompted by its ground investigation that the site had 'complex geology with a deep bedrock layer'. 'The authority stresses that it has not abandoned the project,' the bureau said. It added that geological issues were expected to bring a longer-than-normal construction period and significant costs for foundation works. The bedrock level had been found at depths exceeding 80 metres (262 feet) below ground in general, with the deepest recorded at 120 metres. If the site were to be used for public housing construction, deep foundation work would be involved, it said. The suspension of the development, including its site formation and infrastructure works, in Fanling was revealed in a document the Housing Department and the Civil Engineering and Development Department submitted to the North District Council last week for a meeting on Monday. According to the paper, the Fanling Area 17 site, spanning about 5.47 hectares (13.5 acres) of both government and private land, is located to the east of Ling Shan Road and Jockey Club Road, south of Ma Sik Road and west of Fan Leng Lau Road. It currently houses the Fan Garden Police Driving and Traffic Training Centre.

Hong Kong puts construction of 8,300 homes on hold in Fanling
Hong Kong puts construction of 8,300 homes on hold in Fanling

South China Morning Post

time6 days ago

  • Business
  • South China Morning Post

Hong Kong puts construction of 8,300 homes on hold in Fanling

Hong Kong's housing authorities have suspended a key public residential development in a northern town consisting of 8,300 homes due to the suspected high costs of building the flats on deep rock strata, according to a lawmaker. The suspension of the development, including its site formation and infrastructure works, in Fanling came to light on Sunday in a document the Housing Department and the Civil Engineering and Development Department submitted to the North District Council, a day before a meeting to discuss the matter on Monday. The Fanling Area 17 site, spanning about 5.47 hectares (13.5 acres) of both government and private land, is located to the east of Ling Shan Road and Jockey Club Road, south of Ma Sik Road and west of Fan Leng Lau Road. It currently houses the Fan Garden Police Driving and Traffic Training Centre. The document did not mention the exact reasons of the suspension but said: 'To align with the government's principle of maintaining sustainable public finances, the Housing Bureau has adjusted the development plan for the Fanling Area 17 public housing project after reviewing the cost-effectiveness of public housing initiatives over the next ten years.' Authorities said they had 'more flexibility to prioritise sites that are more suitable and cost-effective for construction' with sufficient land supply for public housing in the next decade. Lawmaker Edward Lau Kwok-fan, who is a member of the Legislative Council's housing panel, said the government's decision stemmed from geotechnical studies revealing unusually deep rock strata beneath the site, leading to significantly higher foundation costs.

Which is the first engineering college in Tamil Nadu
Which is the first engineering college in Tamil Nadu

Indian Express

time10-06-2025

  • General
  • Indian Express

Which is the first engineering college in Tamil Nadu

The College of Engineering Guindy (CEG) is the first engineering college in Tamil Nadu. CEG was established in 1794 as a School of Survey near Fort St. George, Chennai, with eight students, is Asia's oldest technical institution. Founded by Michael Topping, it became the Civil Engineering School in 1858 and was recognised as a college under Madras University in 1859. In 1861, it was renamed the College of Engineering with the addition of the Mechanical Engineering branch. Civil Engineering was especially sought after in those early years, and the first batch received the Diploma in Civil Engineering (DCE) in 1864. In 1920, the college moved to its present 185-acre Guindy campus. Rao Bahadur G. Nagarathinam Ayyar became its first Indian Principal in 1925. The relocation supported the launch of new courses: Mechanical Engineering (1894), Electrical Engineering (1930), Telecommunication and Highways (1945), and Printing Technology (1982). Research programmes began in 1935, with Dr. K. L. Rao earning the first by Research. In 1940, Leela George and A. Lalitha became the first women engineers from Guindy. During World War II, accelerated courses with no vacations enabled three batches to graduate within two years (1942–43). In 1946, Prof. K. Sukumaran earned the first PhD from the college. Two additional colleges at Ananthapur and Vishakhapatnam were opened in 1947 but functioned at Guindy initially. In 1957, intake increased from 175 to 275, and a Pre-Professional Course (later replaced by a five-year integrated course) was introduced. Perarignar Anna University of Technology was formed in 1978, and Anna University was later established with four constituent colleges: CEG, Madras Institute of Technology, Alagappa College of Technology, and the School of Architecture and Planning, all functioning from the Guindy campus. P. Sivlingam was the first Vice Chancellor, followed by Dr. Kulandaisamy and Dr. M. Anandakrishnan. New UG and PG courses were introduced over time, and in 2001, all engineering colleges in Tamil Nadu were affiliated to Anna University. Anna University is ranked first in the National Institute Ranking Framework (NIRF) 2024 in the public university category. In the innovation, engineering, overall, university, and research categories, Anna University is also ranked among the top 20. It is ranked at 10th in innovation rankings, 13th place in the NIRF 2024 university rankings, 14th place in engineering, in the 17th position in the NIRF research category and 20th place in the NIRF overall category. It is ranked 34th in architecture and planning rankings.

U.S. Heavy Construction, Civil, Land Subdivision, Infrastructure, Utilities, Highways & Bridges Report 2025: Analytics, Financial Benchmarks, Metrics and Revenue Forecasts to 2031
U.S. Heavy Construction, Civil, Land Subdivision, Infrastructure, Utilities, Highways & Bridges Report 2025: Analytics, Financial Benchmarks, Metrics and Revenue Forecasts to 2031

Yahoo

time02-06-2025

  • Business
  • Yahoo

U.S. Heavy Construction, Civil, Land Subdivision, Infrastructure, Utilities, Highways & Bridges Report 2025: Analytics, Financial Benchmarks, Metrics and Revenue Forecasts to 2031

Projected to reach $860 billion by 2031, this report includes metrics like EBITDA, sales per employee, and benchmarks against all U.S. industries. Ideal for financial modeling, investment professionals, and consultants, the report offers a thorough overview of historical and projected revenues, top company profiles, and industry comparisons. Dublin, June 02, 2025 (GLOBE NEWSWIRE) -- The "Heavy Construction, Civil, Land Subdivision, Infrastructure, Utilities, Highways & Bridges (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2031" report from Plunkett Research Ltd has been added to offering. The report provides estimates of vital, industry-specific data within the United States, with an emphasis on market sizing, industry growth, KPIs, and metrics, along with summaries of top competitors. This includes unique 8-year histories and 8-year forward projections of market sizing. This report leverages extensive access to industry tables, databases of public and private company information, proprietary industry trends analysis, and other resources to provide comprehensive and reliable industry-specific data including metrics, benchmarks, historic numbers, growth rates and forecasts that will save countless hours of Findings: Heavy Construction, Civil, Land Subdivision, Infrastructure, Utilities, Highways & Bridges Industry (U.S.) to reach $860 billion by 2031. Heavy Construction, Civil, Land Subdivision, Infrastructure, Utilities, Highways & Bridges Industry (U.S.), including Average EBITDA, Operating Ratios and Sales per Employee. Core Benefits to Customer: Comprehensive overview of an industry financial results, ratios, vital statistics and metrics in one package Complete benchmarking of the industry and its top companies Deep industry and company financials This Analytics Report Features: Historical data Revenue forecasts, growth rates and CAGR Operating ratios Complete data for benchmarking a company to its industry and to specific leading companies Benchmarking this industry to all U.S. industries Deep profiles and financial histories/operating ratios for up to ten top U.S.-based companies Key Data: Industry Summary Revenues historical through 2022 Revenues projected through 2031 Employee Count 2015-2022 Annual Growth Rate 2022 CAGR 2015 through 2022 CAGR 2022 through 2031 Top U.S. Companies Employment and Establishments Number of Firms 2015-2022 Number of Establishments 2015-2022 Employees, 2015-2022 Average Annual Sales per Firm & per Establishment 2015-2022 Sales per Employee Average Annual Operating Ratios Revenue Compared to All Industries Expenses Compared to All Industries Profits & Income Taxes Compared to All Industries Top Companies Profiled & Ranked In-Depth Profiles, Financial Reports, Ranks & Executive Lists for Top U.S.-Based Corporations Top Companies Ranked Market Capitalization Employees Revenue Net Income 3-Year Revenue Growth 3-Year Income Growth Return on Assets Return on Equity Return on Invested Capital Companies Profiled: Tutor Perini Corporation Quanta Services Inc Kiewit Corporation Bechtel Group Inc Fluor Corporation AECOM MasTec Inc American Tower Corporation Jacobs Solutions Inc Skanska USA Inc Crown Castle International Corp KBR Inc Dycom Industries Inc MYR Group Inc Granite Construction Incorporated SBA Communications Corporation Sterling Infrastructure Inc CDM Smith Inc Construction Partners Inc Forestar Group Inc Key Topics Covered: I. IntroductionA. Core Benefits to Customer: Comprehensive overview of an industry's financial results, ratios and vital metrics in one package (U.S. data) Benchmarking of Deep financials of each of the leading companies in the industry Multi-year financial averages for all companies in the industry This industry's financial ratios compared to all other industries. Historical revenues Enterprise population Multi-year employee count and sales per employee Current and forecast revenues and CAGR to 2030 Profiles of the industry's leading firms, with multi-year financial histories II. Industry Description for this NAIC Code Types of business activities III. Industry Summary, Current Year (U.S. Data) Revenues and CAGR 2022 Revenue forecast to 2030 with CAGR Historical revenues Historical CAGR Top U.S. companies, by revenues Employment within the industry, 2022 and historic IV. Employment and Establishment Count (U.S. Data) Number of firms and establishments, 2014-2022 Employees, 2014-2022, with growth rates Average annual sales per firm and per establishment, 2014-2022 Annual sales per employee, 2014-2022 V. This industry's financial Data, U.S., With Revenue Projections to 2030A. Revenues, Historical and Projected Historical revenues & CAGR growth rates, 2014-2022 Projected revenues & CAGR growth rates, 2022-2030 B. Average Annual Operating Ratio Estimates and Benchmarks for Current Year Income items, expenses, profits and taxes as a percent of total revenues for this industry C. This Industry Compared to All Industries, Benchmarks for Current Year Comparison of revenues for this industry to total revenues for all industries Comparison of EBITDA, profits and income taxes for this industry to the same items in total for all industries D. Table of Companies Used in Creating Industry Averages Detailed, alphabetical listing of companies, with revenues, location, ticker symbol and exchange E. Industry Results and Benchmarks for Publicly-Held Companies Income statement averages, 2014-2022 All income statement items, including, cost of sales, SGA, R&D, salaries and wages, and EBITDA, with ratios Chart showing key expenses as a percent of revenues Balance sheet averages, 2014-2022 All items, including property plant and equipment, accumulated depreciation, goodwill, and long term debt, including ratios Cash flow averages, 2014-2018 All cash flow items VI. Top Companies Profiled & Ranked In-depth profiles, financial reports, ranks & executive lists for up to 10 top U.S.-based corporations A. Top Companies Ranked for Key Items: Approximate market capitalization Employees Revenues Net income 3-Year revenue growth rate 3-Year income growth rate Return on assets rate Return on equity rate Return on invested capital rate B. Benchmarking of the industry's Top Companies, to Each Other and to their industry's Averages for All Metrics Income statements, balance sheets and cash flow statements for each of the top companies compared to the industry's overall average C. Corporate Profiles (Descriptions of the Top Companies Within the Industry, Including Executive Listings and Multi-Year Financial Results) Contact information, executive lists Business descriptions Key financial data for 6 years Brands and divisions Top salaries Corporate culture Charts comparing revenues vs. net income VII. Appendix: Assumptions U.S. GDP Growth and Forecasts, 2016-2030 VIII. Data Description and SourcesFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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