Leighton Holdings Limited has announced a huge revision of its profit forcast for 2010-2011, expecting to report a loss of $427 million for the financial year versus its previous guidance for a profit of $480 million after tax.

The company says the revision is primarily due to write-backs of expected profit on the Airport Link project in Queensland and the Victorian Desalination Project, and an impairment of Leighton’s investment in the Habtoor Leighton Group (HLG).

Chief Executive, Mr David Stewart, said the company was ‘acting decisively’ to

Shanghai-based Baosteel Group has partnered with The University of Queensland , University of New South Wales, Monash University, and the University of Wollongong to establish the Baosteel-Australia Joint Research and Development Centre.

Watpac’s Construction division has been awarded two contracts totalling $155 million in Queensland’s south-east region.

The University of New South Wales (UNSW) will repeat a week-long training course in smart grids run in partnership with IBM and Ausgrid (formerly EnergyAustralia) for IT professionals, telecommunications engineers and electrical power engineers.

NSW Premier Barry O'Farrell and Transport Minister Gladys Berejiklian have announced the appointment of a project team to fast-track work on Sydney’s North West Rail Link.

Rio Tinto Ltd has awarded a $96 million railway signaling and communications to the Australian subsidiary of Milan company, Ansaldo STS. 

A report by the Victorian Auditor-General’s Office has found that while total renewable energy generation in Victoria has increased, efforts to increase the proportion of electricity generated from renewable sources have not been effective.

Sinclair Knight Merz and Parsons Brinckerhoff have been selected to partner with the NSW Roads and Traffic Authority (RTA) to undertake the detailed design work and obtain the necessary environmental approvals for the upgrade of the Great Western Highway between Mount Victoria and Lithgow.

The international environment agency, The Pew Charitable Trusts, has released a report that ranks Australia in 12th position in G20 countries -  behind Brazil, Canada, Spain, France, India and Japan, but ahead of the UK -  in terms of investment in clean energy.

Enhanced Biogenic Methane (EBM), a wholly owned subsidiary of Regal Resources, is conducting a pilot project in Victoria for its biogenic methane enhancement (BME) technology.

Four Australian universities have been ranked in the world’s top 50 universities in the inaugural QS World University Rankings for engineering and technology.             

Economic Analyst, BIS Shrapnel, has released its annual study on the outlook for the civil engineering construction sector in Australia, finding that the sector is growing strongly, with 25% growth forecast for the next three years due to mining, LNG and flood reconstruction activity.

Universities are pushing out too many lawyers and commerce graduates and not enough engineers, scientists and mathematicians, according to a report by the Business Council of Australia.

Civil engineering and construction company, Decmil Group Ltd has been awarded a $71 million contract by BHP Billiton Ltd to design and construct the Warrawandu Village, around 25 km east of Newman in WA’s Pilbara region.

Gascoyne Water Co-operative Limited (GWCL) and Pipe Fusions Australia (PFA) have signed the contract for construction of a new pipeline to deliver water for intensive agriculture development in the Carnarvon horticulture district.

Queensland Rail has awarded EDI Rail – Bombardier Transportation Pty Ltd a $20 million contract to overhaul ten commuter trains at its facility in Maryborough.

The Queensland  Government is about to tender for a broad range of road-repair projects in Far North Queensland, including major contracts worth around $80 million to be tendered in the next three weeks.

The Water Services Association of Australia (WSAA) Executive Director, Ross Young, has announced his resignation after leading the Association since 2004.

A new online patent access system will enable IP offices in Australia, Canada and the United Kingdom to share a digital library of patent search and examination reports.

Brisbane’s Gateway Upgrade Project has been judged as the nation’s best infrastructure project of the year at Infrastructure Partnerships Australia’s National Infrastructure Awards, held in Sydney last week.

The inaugural Australian Infrastructure Statistics Yearbook has been released, showing a substantial increase in infrastructure investment by all levels of government on roads, railways, power stations and water storage facilities.

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