Contractors World International Vol 5 No 2 - page 29

RecordBreakingAchievement
• Crossrail’s western tunnels com-
pleted as tunnel boringmachine
(TBM)Ada reaches her final desti-
nation at Farringdon
• London’s newestThames tunnel
completed asTBM Sophia concludes
her journey from Plumstead to
NorthWoolwichwhileTBM Jessica
finishes at StepneyGreen cavern
• 42 km tunnellingmarathon is now
70% completewith over 30 km of
new rail tunnel under London now
constructed
• 10,000 people are currently
working onCrossrail, including
over 280 apprentices,with the
project at peak construction.
underground, with works starting earlier
this month on a passenger tunnel to
connect theCrossrail ticket hall to the ex-
isting underground station.
The milestones continue Crossrail’s
impressive construction progress, which
recently passed the halfway mark on time
andwithin budget. In 2014 the project will
transition from major civil engineering
work to station and tunnel fit-out. 30 km
out of 42 km of bored tunnels are now
complete.
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Page29
ContractorsWorld - International Vol 5No 2
Nigeria's construction
performed above
expectations
Nigeria is Africa's second largest
economy, and with a growing middle
class wanting better housing, shopping,
power supply and transport links;
Business Monitor envisage demand for
infrastructure increasing over their 10-
year forecast period to 2013.
There has been a chronic lack of
investment in the country's transport
and power sectors; however, reforms
and development plans implemented
under President Goodluck Jonathan
are beginning to take effect, with the
sell-off of the state-run Power Holding
Company of Nigeria virtually complete
and mortgage initiatives beginning to
work on improving access to finance.
Thus, in linewith Business Monitor’s
forecasts, Nigeria continues to see
strong growth within its construction
sector, and forecast annual average real
growth of 10.3% between 2015 and
2023.
They note risks remain high and po-
litical turmoilwithin the governingparty
threatens investor confidence.They also
continue tohighlight thepersistent risks
hampering the implementationofmajor
projects, ranging from deep-rooted cor-
ruption and violence perpetrated by
militants to inefficient bureaucracy.
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