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Contractors World 2012 Volume 3 Issue 2
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Construction News - Economics - Business - Regulations

 

 

 

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Similar lobbying in the UK

It is not only the USA that is lobbying Governments to implement programmes. The same pressures are being applied to governments around the world. In the UK for instance, the Construction Products Association have commented on the Governments’ Private Finance Initiative (PFI) review.

In its response to the Treasury’s PFI Review, the Construction Products Association has emphasised the essential role that private finance must play in providing future infrastructure and other public sector assets, especially given the constraints on public sector spending over the coming years.

Michael Ankers,  Chief Executive of the Construction Products Association    Commenting on its submission, Michael Ankers, (left) Chief Executive of the Construction Products Association, said: ‘It is essential to find innovative ways of tapping into private sector finance through, for example, pension funds, sovereign wealth funds and road toll charges, so as to help deliver the economic infrastructure that is essential to underpin the growth that we need to turn the economy round.’

The Association also emphasised that the key criteria for determining the use of private finance must be value for money for the tax payer over the lifetime of an asset and stressed that this must include the economic and other benefits of bringing forward the construction of the asset, which, without private finance, would not be built for some time.[CWMAGS]


Cracks in the Chinese economy?

Several newspapers have recently reported on Moody’s recent financial assessment on the status of the Chinese economy. Although the report does not say as much, there could be some similarities to the sub-prime financial situation that was a substantial cause of the economic crisis affecting Europe and the USA.

The various reports say that Chinese local authorities, who, when forbidden to do so, having borrowed massive amounts from banks to fund the rapid development are now unable to repay the loans. >>>

 

 

As a result the Government have asked the banks to roll-over the loans.

Just how big are the loans? According to the one leading UK newspaper, they are estimated to be in the region of $1.7 trillion - or 25% of the country’s output. Not an insignificant amount.

The Chinese Government, banks and financial institutions are not open with statistics but, as Contractors World has commented in the past, sooner or later China has to face the economic reality that hit the west - growth cannot continue at such rates, as Dubai found out.

There are clear indications that this is already happening in Brazil - another ‘growing market’ for many exporters. [CWMAGS]


Bobcat Celebrates 25 Years of Compact Excavators

In 2012, Bobcat celebrates 25 years of success in the compact excavator market. From what began as an important diversification for Bobcat as the premier manufacturer of skid-steer loaders, the last 25 years have seen the company evolve to become one of the world’s leading compact excavator manufacturers and lay claim to being the global leader in compact construction equipment.

Scott Nelson, President for the Europe, Middle East and Africa    Scott Nelson, (right) President for the Europe, Middle East and Africa (EMEA) region at DI CE, said: “We are very proud of our achievements in the compact excavator market over the last 25 years. This is a tribute to the tremendous efforts and commitment of our sales force and distribution network worldwide. Most importantly, we thank all our excavator customers, who have demonstrated confidence in our products and expressed their loyalty to the Bobcat brand.”

Twenty-five years on, the Bobcat compact excavator range currently comprises 13 different models with operating weights from 1-8 tonne, including both conventional and zero tail swing designs. [CWMAGS]

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Page updated: February 2012

 

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