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Government vetoes project bank account proposal

Construction Enquirer

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. Abrahams MP said: “Small businesses are the backbone of the economy. ”

Banking 115
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Banking woes hit construction planning outlook

Construction Dive

The Dodge Momentum Index, which leads actual construction by a year, tumbled 8.6% in March amid lending concerns.

Banking 141
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Plans in for 4,800 homes Manchester new town

Construction Enquirer

Urban renewal joint venture Far East Consortium and Manchester City Council have finally submitted plans to create a new town in the Red Bank area of the city. The plan, which also includes 160,000 sq ft of commercial and community facilities, is one of the largest residential schemes to be brought forward in the city in recent years.

Plans 107
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Barratt London plans in for Canning Town towers

Construction Enquirer

Barratt London is pressing ahead with plans for a major mixed tenure scheme in east London despite the weakening housing market. The firm has submitted plans to build seven blocks ranging from 8 to 30 storeys in Canning Town on a 4 acre site known as Crown Wharf on the River Lea.

Plans 118
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Chicago’s Bank of America Tower completes, opens

BD+C

At 56 stories, Bank of America Tower is the tallest commercial building to be added to the Chicago skyline in the last 30 years. . Interior space planning is enhanced by the five-foot setbacks along the river, providing the equivalent of 14 corner offices.

Banking 105
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Barclays US Consumer Bank Creating 300 Jobs In Delaware

Business Facilities

Barclays US Consumer Bank plans a $6.9 Read: Barclays US Consumer Bank Creating 300 Jobs In Delaware at BusinessFacilities.com. million capital investment as it expands its customer service operations in Wilmington, DE.

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TfL submits plan for DLR extension to Thamesmead

Construction Enquirer

TfL has submitted to Government strategic business case plans to extend the DLR rail link from Beckton to Thamesmead through a new Thames tunnel. The extension of the DLR would improve transport connections and enable the construction of up to 25,000-30,000 new homes along the route.

Plans 107