Latest news with #InfrastructureDevelopment
CBS News
2 days ago
- CBS News
Heads up: New bridge work at Dallas Fort Worth International Airport will impact traffic for 90 days
Travelers flying through Dallas Fort Worth International Airport between now and October should expect detours, delays and the need to plan ahead due to a major construction project underway on airport roads. This week marks the start of phase one of the International Parkway Project, which includes three phases in total, each lasting 90 days. The first phase focuses on building a new bridge into Terminal B. The new bridge is being constructed before the old one is demolished. Airport officials say the method being used cuts down on build time by about 30% compared to traditional construction. Still, for travelers, that means disruptions. DFW Airport is urging domestic flyers to arrive at least two hours early and international passengers to arrive at least three hours early. For the next 90 days, detours will impact three key routes: "We want to make sure any disruption is kept to the bare minimum," said Mohammed Charkas with DFW Airport Infrastructure & Development. The airport plans to complete most of the bridge work by 2026, just in time for DFW to host World Cup events. "We want to make sure that our guests who are arriving here at DFW for those games have a pleasant journey," Charkas said. Also starting Aug. 6, a portion of the South Service Road will be closed for 52 hours as crews begin demolishing part of the old bridge. Officials say plenty of signage will be in place during demolition and throughout the 90-day construction period.
Eyewitness News
4 days ago
- Business
- Eyewitness News
Lesufi reshuffles poor performing heads of departments
JOHANNESBURG - Gauteng Premier, Panyaza Lesufi, has reshuffled poor performing heads of departments. During a media briefing in Midrand on Sunday, the Premier complained about departments failing to spend their allocated budgets on time. Underspending for the previous financial year was R1.3 billion, with some of the money being at risk of being returned to treasury. READ: Lesufi releases second batch of forensic investigation reports Masabata Mutlaneng has been removed from the Department of Infrastructure Development and reshuffled to e-Gov. Meanwhile, the new Infrastructure Development HOD is Rufus Mmutlana, after being removed from education. Gauteng Premier Panyaza Lesufi has also appointed acting HODs in the departments of environment, sports, arts and culture, social development and education. 'With the challenges we are facing of service delivery, we can't afford departments that are missing performance targets. We also found some audit outcomes which indicated some departments are not performing ideally, within that context, I have taken a decision to reshuffle and reset the heads of departments.' Lesufi said the appointments came into effect on the first of August.
Yahoo
4 days ago
- Business
- Yahoo
Global Compaction Machines Market Set to Reach $7.3 Billion by 2030: Key Growth Drivers and Trends
Market opportunities in compaction machines stem from global infrastructure growth, particularly in emerging markets. Key areas include intelligent and automated equipment enhanced by AI and telematics, catering to evolving end-use sectors. Sustainability goals drive demand for eco-friendly models, with rental markets expanding. Compaction Machines Market Dublin, Aug. 04, 2025 (GLOBE NEWSWIRE) -- The "Compaction Machines - Global Strategic Business Report" has been added to global market for Compaction Machines was estimated at US$5.5 Billion in 2024 and is projected to reach US$7.3 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. Why Are Compaction Machines Gaining Greater Prominence in Global Infrastructure Development?The accelerating pace of infrastructure development across the globe is bringing compaction machines into sharper focus as essential equipment in construction, road-building, and land development projects. These machines, designed to reduce the volume of soil, asphalt, and waste materials by compressing them, play a vital role in enhancing the stability, strength, and durability of constructed surfaces. Whether it's the creation of new highways, airports, railways, or urban expansion projects, compaction machines are a key determinant of the foundational integrity of such works. The demand is particularly surging in emerging economies undergoing rapid urbanization and industrialization, where governments are investing in large-scale transportation and civil engineering projects. Even in mature markets, aging infrastructure and sustainability goals are pushing municipalities and private contractors to adopt more advanced compaction solutions that offer superior efficiency and environmental compatibility. The market is evolving from reliance on traditional static and vibratory rollers to more intelligent, operator-assist machines that offer real-time compaction data, better fuel efficiency, and higher safety standards. This transformation reflects the growing integration of technology into civil engineering practices and a rising emphasis on long-term performance and cost Are the Key Growth Drivers Fueling the Global Market for Compaction Machines?The growth in the compaction machines market is driven by several factors related to technological progression, evolving application needs, and structural shifts in construction practices worldwide. One of the primary drivers is the surge in government-funded infrastructure projects, particularly in Asia-Pacific, Africa, and Latin America, where urbanization and transportation development are in full swing. These projects require heavy and medium-duty compaction machines for roads, airports, railways, and utilities installation. At the same time, the growing focus on sustainable construction is spurring demand for electric and hybrid compaction models that offer lower emissions and quieter operation. Technological innovation is another major growth enabler advancements in telematics, GPS tracking, intelligent compaction systems, and remote diagnostics are making machines more productive, cost-effective, and easier to manage across multiple sites. On the consumer behavior front, the shift toward equipment rentals and pay-per-use models is changing how contractors access and use machinery, increasing machine turnover and driving aftermarket services. The rise in modular and smart city construction is also boosting the requirement for compact, high-precision machines that can operate in confined urban spaces without compromising on performance. Additionally, stricter regulatory requirements for soil compaction standards and workplace safety are pushing construction firms to invest in technologically advanced machines that can deliver both compliance and efficiency. These collective trends are underpinning a strong and resilient growth trajectory for the global compaction machines Insights: Market Growth: Understand the significant growth trajectory of the Heavy Compaction Machines segment, which is expected to reach US$5.0 Billion by 2030 with a CAGR of a 5.7%. The Light Compaction Machines segment is also set to grow at 3.2% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 9.0% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Ammann Group, Atlas Copco AB, BOMAG GmbH, Caterpillar Inc., and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include: Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs. Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015. Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends. Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape. Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players, and refined focus on leading global brands and core players. Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities. Key Attributes: Report Attribute Details No. of Pages 268 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $5.5 Billion Forecasted Market Value (USD) by 2030 $7.3 Billion Compound Annual Growth Rate 4.9% Regions Covered Global Key Topics Covered: MARKET OVERVIEW World Market Trajectories Tariff Impact on Global Supply Chain Patterns Compaction Machines - Global Key Competitors Percentage Market Share in 2025 Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 MARKET TRENDS & DRIVERS Boom in Infrastructure Development Projects Throws the Spotlight on High-Performance Compaction Equipment Growth in Road Construction Activities Drives Demand for Heavy-Duty and High-Frequency Rollers Urbanization and Smart City Projects Expand the Addressable Market for Compact and Maneuverable Compaction Machines Rising Adoption of Sustainable Construction Practices Strengthens the Business Case for Electric and Hybrid Compactors Automation in Construction Equipment Propels Growth in Remote-Controlled and Semi-Autonomous Compaction Solutions Push for Precision and Efficiency on Job Sites Spurs Adoption of Telematics-Enabled Compaction Monitoring Shortage of Skilled Labor in Construction Drives Interest in Operator-Assistance Technologies and Ergonomic Designs Growing Use of Recycled Materials in Road Bases Throws the Spotlight on Versatile and Adaptive Compaction Solutions Rising Investments in Rural Connectivity and Agricultural Roads Generate Demand for Lightweight Compaction Equipment Shift Toward Equipment Rental Models Expands Opportunities for OEMs with Scalable Product Lines Integration of GPS and Intelligent Compaction Systems Drives Efficiency in Large-Scale Earthworks Resilience Planning in Disaster-Prone Regions Propels Growth of High-Reliability, All-Terrain Compaction Machines FOCUS ON SELECT PLAYERS Some of the 34 companies featured in this Compaction Machines market report include: Ammann Group Atlas Copco AB BOMAG GmbH Caterpillar Inc. Dynapac Compaction Equipment AB Fayat Group HAMM AG Hitachi Construction Machinery Co., Ltd. JCB Ltd. John Deere MBW Inc. SANY Heavy Industry Co., Ltd. SAKAI Heavy Industries, Ltd. Terex Corporation Tana Oy Volvo Construction Equipment Wacker Neuson SE Wirtgen Group XCMG Group Zoomlion Heavy Industry Science & Technology Co., Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Compaction Machines Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
4 days ago
- Business
- Yahoo
Global Compaction Machines Market Set to Reach $7.3 Billion by 2030: Key Growth Drivers and Trends
Market opportunities in compaction machines stem from global infrastructure growth, particularly in emerging markets. Key areas include intelligent and automated equipment enhanced by AI and telematics, catering to evolving end-use sectors. Sustainability goals drive demand for eco-friendly models, with rental markets expanding. Compaction Machines Market Dublin, Aug. 04, 2025 (GLOBE NEWSWIRE) -- The "Compaction Machines - Global Strategic Business Report" has been added to global market for Compaction Machines was estimated at US$5.5 Billion in 2024 and is projected to reach US$7.3 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. Why Are Compaction Machines Gaining Greater Prominence in Global Infrastructure Development?The accelerating pace of infrastructure development across the globe is bringing compaction machines into sharper focus as essential equipment in construction, road-building, and land development projects. These machines, designed to reduce the volume of soil, asphalt, and waste materials by compressing them, play a vital role in enhancing the stability, strength, and durability of constructed surfaces. Whether it's the creation of new highways, airports, railways, or urban expansion projects, compaction machines are a key determinant of the foundational integrity of such works. The demand is particularly surging in emerging economies undergoing rapid urbanization and industrialization, where governments are investing in large-scale transportation and civil engineering projects. Even in mature markets, aging infrastructure and sustainability goals are pushing municipalities and private contractors to adopt more advanced compaction solutions that offer superior efficiency and environmental compatibility. The market is evolving from reliance on traditional static and vibratory rollers to more intelligent, operator-assist machines that offer real-time compaction data, better fuel efficiency, and higher safety standards. This transformation reflects the growing integration of technology into civil engineering practices and a rising emphasis on long-term performance and cost Are the Key Growth Drivers Fueling the Global Market for Compaction Machines?The growth in the compaction machines market is driven by several factors related to technological progression, evolving application needs, and structural shifts in construction practices worldwide. One of the primary drivers is the surge in government-funded infrastructure projects, particularly in Asia-Pacific, Africa, and Latin America, where urbanization and transportation development are in full swing. These projects require heavy and medium-duty compaction machines for roads, airports, railways, and utilities installation. At the same time, the growing focus on sustainable construction is spurring demand for electric and hybrid compaction models that offer lower emissions and quieter operation. Technological innovation is another major growth enabler advancements in telematics, GPS tracking, intelligent compaction systems, and remote diagnostics are making machines more productive, cost-effective, and easier to manage across multiple sites. On the consumer behavior front, the shift toward equipment rentals and pay-per-use models is changing how contractors access and use machinery, increasing machine turnover and driving aftermarket services. The rise in modular and smart city construction is also boosting the requirement for compact, high-precision machines that can operate in confined urban spaces without compromising on performance. Additionally, stricter regulatory requirements for soil compaction standards and workplace safety are pushing construction firms to invest in technologically advanced machines that can deliver both compliance and efficiency. These collective trends are underpinning a strong and resilient growth trajectory for the global compaction machines Insights: Market Growth: Understand the significant growth trajectory of the Heavy Compaction Machines segment, which is expected to reach US$5.0 Billion by 2030 with a CAGR of a 5.7%. The Light Compaction Machines segment is also set to grow at 3.2% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 9.0% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Ammann Group, Atlas Copco AB, BOMAG GmbH, Caterpillar Inc., and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include: Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs. Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015. Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends. Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape. Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players, and refined focus on leading global brands and core players. Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities. Key Attributes: Report Attribute Details No. of Pages 268 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $5.5 Billion Forecasted Market Value (USD) by 2030 $7.3 Billion Compound Annual Growth Rate 4.9% Regions Covered Global Key Topics Covered: MARKET OVERVIEW World Market Trajectories Tariff Impact on Global Supply Chain Patterns Compaction Machines - Global Key Competitors Percentage Market Share in 2025 Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 MARKET TRENDS & DRIVERS Boom in Infrastructure Development Projects Throws the Spotlight on High-Performance Compaction Equipment Growth in Road Construction Activities Drives Demand for Heavy-Duty and High-Frequency Rollers Urbanization and Smart City Projects Expand the Addressable Market for Compact and Maneuverable Compaction Machines Rising Adoption of Sustainable Construction Practices Strengthens the Business Case for Electric and Hybrid Compactors Automation in Construction Equipment Propels Growth in Remote-Controlled and Semi-Autonomous Compaction Solutions Push for Precision and Efficiency on Job Sites Spurs Adoption of Telematics-Enabled Compaction Monitoring Shortage of Skilled Labor in Construction Drives Interest in Operator-Assistance Technologies and Ergonomic Designs Growing Use of Recycled Materials in Road Bases Throws the Spotlight on Versatile and Adaptive Compaction Solutions Rising Investments in Rural Connectivity and Agricultural Roads Generate Demand for Lightweight Compaction Equipment Shift Toward Equipment Rental Models Expands Opportunities for OEMs with Scalable Product Lines Integration of GPS and Intelligent Compaction Systems Drives Efficiency in Large-Scale Earthworks Resilience Planning in Disaster-Prone Regions Propels Growth of High-Reliability, All-Terrain Compaction Machines FOCUS ON SELECT PLAYERS Some of the 34 companies featured in this Compaction Machines market report include: Ammann Group Atlas Copco AB BOMAG GmbH Caterpillar Inc. Dynapac Compaction Equipment AB Fayat Group HAMM AG Hitachi Construction Machinery Co., Ltd. JCB Ltd. John Deere MBW Inc. SANY Heavy Industry Co., Ltd. SAKAI Heavy Industries, Ltd. Terex Corporation Tana Oy Volvo Construction Equipment Wacker Neuson SE Wirtgen Group XCMG Group Zoomlion Heavy Industry Science & Technology Co., Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Compaction Machines Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Malay Mail
07-07-2025
- Business
- Malay Mail
Sabah tables RM1.19b Supplementary Supply Bill to address pressing infrastructure needs
KOTA KINABALU, July 7 — Sabah Finance Minister Datuk Seri Masidi Manjun today tabled a RM1.19 billion (RM1,186,923,403) Supplementary Supply Bill for 2025, saying the additional funding is essential to ensure the smooth functioning of the state government through the end of the year. In his speech to the Sabah State Legislative Assembly, Masidi said the bill covers 53 expenditure heads, with detailed breakdowns provided in the Statement of Estimated Additional Supply for 2025, which has been distributed to assembly members. 'This additional allocation is necessary to sustain the state's administrative operations until the end of 2025,' Masidi said. Masidi also tabled a separate RM416.5 million supplementary allocation under the 2025 Development Budget, covering 83 expenditure heads across 10 ministries. The largest allocation of RM254.9 million or 61.2 per cent goes to the state's Ministry of Public Works, covering road projects, water supply, sewage systems, and rail repairs. The second largest, RM82.5 million, goes to the Sabah Ministry of Rural Development, covering rural water and electricity supply, poverty eradication programmes, alternative energy (Belba), and the Rumah Sejahtera Rakyat Sabah people's housing scheme. Masidi stressed that much of the additional spending is targeted at addressing Sabah's two most pressing infrastructure concerns: clean water supply and road connectivity. 'Of the total supplementary allocation presented, RM523.5 million is specifically for water and road development,' he said. 'This proves the state government's commitment to solving issues frequently raised by the people – and often politicised by certain quarters with their own agendas,' he said. He added that the actual need to resolve water and road infrastructure challenges exceeds RM2 billion annually. He outlined that the funds will cover six major spending categories – the majority of 51 per cent or RM600 million into statutory funds contributions; while 17 per cent or RM204 million is for administrative expenses. The rest is divided into operational costs, domestic grants, investment expenditures and special allocations. Masidi said the state's Ministry of Finance alone will receive RM789.1 million, including: RM600 million for contributions to various statutory funds; RM185.5 million for general treasury services; and RM3.6 million for the ministry's own operations. Of the RM600 million for statutory fund contributions, RM250 million will be channelled to the development fund to reduce the deficit in the development account, while RM150 million is allocated for road maintenance projects across Sabah. Another RM200 million is earmarked for the Special State Trust Fund to finance people-centric programmes such as Syukur (Sentuhan Kasih Rakyat), Budi (Student Registration Aid), Sentosa (Higher Education Allowance), Subfly (Student Airfare Subsidy), and Sukses (School Activity Support). Masidi also detailed allocations for several ministries – RM147.6 million for the Ministry of Public Works to maintain drainage, buildings, and disaster-related repairs, RM94.4 million for the Chief Minister's Department, including scholarships and upkeep of mosques and community parks. The state's Ministry of Agriculture, Fisheries and Food Industry will receive RM55.7 million for river cleaning and flood mitigation, the Ministry of Local Government and Housing will receive RM25.9 million to settle various local government commitments, and the Ministry of Community Development and People's Wellbeing will receive RM16.2 million including RM4.5 million for free haemodialysis machine deployment across Sabah. 'This reflects the government's commitment to provide free kidney treatment closer to patients' homes,' he said. An additional RM58 million will be distributed across other departments, including RM15.6 million for JKKK allowances, RM8 million for organising the 11th Sabah Games (SAGA) in Tawau, and RM34.3 million for various administrative and operational costs. Other notable allocations include RM38.5 million to the Chief Minister's Department for special projects and land surveys, RM17.4 million for agriculture-related infrastructure and a new veterinary lab in Kinarut, RM7.7 million for the Ministry of Industrial Development and Entrepreneurship, including infrastructure at SOGIP, RM4.84 million for sports facility construction and maintenance, RM4.6 million for disability centres and elderly care homes, RM2.9 million for tourism and heritage conservation and RM2.3 million for landscape projects and local authority office buildings. During the debate, opposition leaders like Senallang assembly Datuk Seri Shafie Apdal and Lamag assemblyman Datuk Seri Bung Moktar asked for more details into the spending including the affordable people's housing scheme. 'In areas like Sukau and Karambunai we have heard of many such projects being abandoned. As much as 40 per cent. If you are sincere in helping the people, then make sure Sabahans who are deserving get the homes, and not just those politically connected. 'I know it's near the election and this is clearly an expedition to fish for votes, but please do this properly. I would like to see the details of who receive the aid, especially in my own constituency, so it's really benefitting the people,' he said. Shafie also raised concerns about the lack of transparency in certain allocations, including an additional RM1 billion channelled to the Chief Minister's Department, describing it as odd based on his 36 years of political experience. 'We need clear answers. We request breakdowns, but often receive vague replies, such as 'for schools and students'. 'I will scrutinise and audit these expenditures, and if there is a change in government, I will ensure any abuse is addressed,' he said. The budget was passed with majority consensus. The State Assembly is in a two-day sitting, believed to be the last of the current administration as the state prepares to enter into an election. The Assembly will automatically dissolve by November 11 if not earlier.
