Hong Kong – SpecNews

London has most expensive construction costs in Europe, second in the world

The International Construction Costs Index published by Arcadis, analyses the relative costs of construction across 44 major cities, and also shows a crucial imbalance in London’s expensive construction market.
London is the most expensive city in Europe and the second most expensive city worldwide in which to build, according to an index from a global design and consultancy business.
At the other end the least expensive cities for construction are Taipei, Bangalore, Bangkok, Kula Lumpur, Ho Chi Min, Bucharest, Prague, Sarajevo, Sofia and Jakarta.
Overall the top city is New York, with Hong Kong in third place followed by Geneva and Macau.
Cost premiums in the top cities range from 40% to 60% in comparison with other European counterparts.

A half-buried truck is seen at an industrial estate hit by a landslide in Shenzhen, Guangdong province, December 23, 2015.
Damaged vehicles and containers are seen at an industrial estate hit by a landslide in Shenzhen, Guangdong province, December 23, 2015.
Rescuers walk along tyre tracks at the site of a landslide which hit an industrial park on Sunday in Shenzhen, Guangdong province, China, December 22, 2015.
On Tuesday, police raided offices of the company that was managing the dump site, Shenzhen Yixianglong Investment Development.
Rescue workers work on a damaged building during search and rescue operations at an industrial estate hit by a landslide in Shenzhen, Guangdong province, December 23, 2015.

NTE Energy, a power developer and energy services provider, announced today that its affiliate NTE Ohio, LLC (“NTE”), has successfully closed $645 million in project financing for construction and operation of its Middletown Energy Center.
NTE Energy, through its affiliates, develops and acquires strategically located electric generation and transmission facilities within North America.
Capital Dynamics’ CEI team holds extensive expertise in investing, financing, owning and operating conventional and clean energy businesses globally.
NTE Energy, through its affiliates, is actively developing three projects located in West Texas, Southwest Ohio, and North Carolina as well as pursuing early-stage opportunities in several other locations.
The team executes all aspects of project development, from initial market and site evaluations and permitting to financing, construction and operation.