LATEST NEWS 
February 8, 2010
SNC-Lavalin partners with Russian bank to form engineering company
SNC-Lavalin and the Russian state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) today announced the formation of VEB Engineering LLC, a Russian company that will be jointly owned by SNC-Lavalin and the Bank.
VEB Engineering will provide technical assistance to the bank and perform technical and budget audits on infrastructure and industrial projects where the bank is providing financing.
“We have had a constant presence in Russia for over 30 years and we are very pleased to be partnering with Vnesheconombank in this new joint undertaking,” said SNC-Lavalin Group Inc. CEO Pierre Duhaime.
“We believe that this new initiative serves our objective to continue to grow our business in Russia in a planned way.”
In other SNC-Lavalin news, the company has been awarded a contract by GASCO (Abu Dhabi Gas Industries Ltd.), a subsidiary of ADNOC, for front-end-engineering and pre-front-end-engineering studies for a nitrogen injection project in Abu Dhabi, UAE.
The contract will also include studies for a nitrogen breakthrough and nitrogen rejection and carbon dioxide recovery and injection project.
The contract has an estimated value of more than $10 million.
JOC News Service
| MOST POPULAR STORIES |
- High-tech oil sands project near Fort McMurray, Alberta could change industry
- TransCanada begins construction on British Columbia-Alberta pipeline
- VIDEO: B.C. Construction Association welcomes standardized contract forms
- Port Mann Bridge under construction
- Crane accident kills worker at construction site in Burnaby, British Columbia
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 263 projects with a total value of $8,919,878,049 that Reed Construction Data Building Reports reported on yesterday.
NATURAL GAS PROCESSING FACILITY
$500,000,000 Fort Nelson BC Prebid
$250,000,000 Fort Nelson BC Negotiated
$35,000,000 Winnipeg MB Prebid
| CURRENT STORIES |
- Crane operator certification deadline looms in British Columbia
- High-tech oil sands project near Fort McMurray, Alberta could change industry
- Saskatoon bridge closed indefinitely over structural concerns
- City of Regina project turns up all sorts of surprises
- Awareness about qualifications-based selection lacking: Survey
- Canadian Institute of Steel Construction launches Steel Day
- Saskatchewan bridge collapses, causing crane to topple
- Crane tips over, killing worker and injuring two
- Saskatoon man pulled from hole at construction site
- Churchill airport gets government cash for infrastructure upgrades
- Stantec acquires health care architectural firm
- Photovoltaic training program aimed at improving safety
- Construction continues on Woodgreen Community Housing development in Toronto
- TransCanada begins construction on Alberta-British Columbia pipeline
- Saskatoon bridge closed indefinitely over structural concerns
- China manufacturing, sales figures rebound
- U.S. workers rate safety standards as top priority
- Labour agreement removed from bidding process for armed forces reserve centre
- Cambodia announces plan for tallest skyscraper in Asia
- Russia opens section of China oil pipeline
- Anemic U.S. housing concerns lumber producers
| ALEX’S ECONOMICS BLOG |
Reed Construction Data Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- Canada’s construction starts in a transition phase (August 27, 2010)
- U.S. initial jobless claims rise to half a million again (August 19, 2010)
- It’s been 35 years since institutional construction starts as strong (August 6, 2010)
- More
