BEIJING | China is thirsty of energy. It’s the world’s biggest consumer of energy and the second consumer of oil. The world’s biggest country needs energy more than anything in order to keep the engine of growth working at high speed. Furthermore, development and urbanisation plans might put their dependency on foreign resources to the brink due to an increasing need of energy to power its vast urban areas. So,…
MADRID | Spain’s Ferrovial announced Wednesday that its subsidiary Cintra Infraestructuras, in a 50% consortium with SNC-Lavalin, was awarded the €78-million contract for the first phase of the Highway 407 East project in Ontario, Canada. The group was appointed by Infrastructure Ontario and the Ontario Ministry of Transportation. Phase one of the new highway will extend 22 kilometers east from Brock Road in Pickering, Ontario to Harmony Road in Oshawa, Ontario….
By Rose Marie Losier, director general at the Canada-Spain Chamber of Commerce | Public infrastructure in Canada has been aging in recent years and the country has seen the need to replace them. In this context, governments at both federal and provincial level, have found in models of public-private partnership (PPP) an interesting formula that allows them to leverage funding and innovation with support from the public sector. What are PPPs? The public-private…