Construction World November 2019

WORLD

CR O WN

P U B L I C A T I O N S

04 Rebuilding trust is key +RZ WR GHDO ZLWK WKH JURZLQJ WUXVW GHͤFLW EHWZHHQ JRYHUQPHQW DQG WKH SULYDWH VHFWRU 07 How mixed-use precincts are shaping African cities :LWK LWV LQFUHDVLQJ VSHQGLQJ SRZHU WKH $IULFDQ FRQWLQHQW LV LGHDO IRU PL[HG XVH GHYHORSPHQWV 11 Taking shopping malls to the sun )ODQDJDQ *HUDUG KDV LQYHVWHG 5 PLOOLRQ LQ VRODU SODQWV DW LWV PDOOV 12 Cape Town’s biggest stumbling block 7KLV FLW\ ODFNV D YLDEOH JURZWK YLVLRQ IRU LWV IXWXUH IRU ERWK SULYDWH DQG SXEOLF LQYHVWPHQW 14 Measure to minimise human impact on the environment 6$̵V &DUERQ 7D[ DLPV WR SURWHFW WKH HQYLURQPHQW EXW LW KDV WR EH PDQDJHG FRUUHFWO\ 20 Bolstering truck range 7DWD 0RWRUV UHFHQWO\ VKRZFDVHG WZR QHZ PRGHOV DQG LQ VR GRLQJ LV LQFUHDVLQJ LW V RIIHULQJ WR WKH ORFDO PDUNHW 25 Javett Art Centre’s visual dynamic &RUREULN̵V SURGXFWV OHQG DQ H[WUD GLPHQVLRQ WR WKH UHFHQWO\ FRPSOHWHG DUW FHQWUH LQ 3UHWRULD 26 World-class data centre for Orange in Botswana &RQFRU %XLOGLQJV LV VHW WR GHOLYHU WKH 7LHU ,,, 'DWD &HQWUH EHIRUH WKH HQG RI 29 Connecting parkade at Africa’s largest mall 3HLNNR̵V LQQRYDWLYH EROWHG FRQQHFWLRQ V\VWHP SOD\HG DQ LQWHJUDO UROH LQ WKH )RXUZD\V 0DOO UHFRQVWUXFWLRQ 30 The economic lifeline of South Africa (ͦFLHQW SRUWV DQG UDLOZD\ OLQNDJHV DUH WKH HFRQRPLF OLIHOLQH RI $IULFD 32 Carving a place at The Leonardo &+5<62 VXSSOLHG LQQRYDWLYH 9HUWLF$UW IRU DQ LFRQLF DUW FUHDWLRQ LQ WKH EXLOGLQJ

07

12

30

Construction PUBLICATIONS CR O WN COVERINGTHEWORLDOFCONSTRUCTION NOVEMBER2019

WORLD

7KH FRQVWUXFWLRQ LQGXVWU\ ̰ ERWK FLYLOV DQG EXLOGLQJ ̰ LV IDFLQJ LQFUHDVLQJ GHPDQGV IRU VXVWDLQDEOH DQG FRVW HIIHFWLYH SURGXFWLRQ 6FDQLD̵V 1HZ 7UXFN *HQHUDWLRQ KDV D SRZHUIXO OLQH XS DQG LV UHDG\ IRU WKH WRXJKHVW FRQVWUXFWLRQ WDVN DQG ZHOO SUHSDUHG WR PHHW WKH KLJKO\ GLYHUVH GHPDQGV RI WKLV VHFWRU 6FDQLD KDV WKH ULJKW SURGXFWV WKH ULJKW VHUYLFHV DQG WKH ULJKW VNLOOV WR RSWLPLVH YHKLFOHV SHUIHFWO\ WR WKH FXVWRPHUV̵ RSHUDWLRQ Read the article on pages 18 and 19

04 11 14 25 34 38

Marketplace

Property

Environment & Sustainability

Projects & Contracts

SCANIA’S ROAD CONSTRUCTION SOLUTIONS Tailoring for maximum uptime

SA’s GREENEST shopping centre

Equipment

Products & Services

CARBONTAX–Measure tominimisehuman impacton theenvironment

1

CONSTRUCTION WORLD NOVEMBER 2019

The Golden Valley wind farm near Bedford – currently under construction.

$ FFRUGLQJ WR WKH ,QWHJUDWH 5HVRXUFH 3ODQ ,53 WKDW ZDV UHOHDVHG LQ 2FWREHU DOPRVW RI 6RXWK $IULFD̵V HOHFWULFLW\ ZLOO VWLOO EH JHQHUDWHG IURP FRDO LQ \HDUV %\ RI WKH FRXQWU\̵V HOHFWULFLW\ ZLOO EH JHQHUDWHG E\ ZLQG IDUPV ̰ WKLV LV D UHYLVLRQ IURP WKH RULJLQDO IRU HOHFWULFLW\ JHQHUDWHG LQ WKLV ZD\ $W WKH PRPHQW HOHFWULFLW\ IURP FRDO DFFRXQWV IRU RI HOHFWULFLW\ JHQHUDWLRQ 0LQHUDO 5HVRXUFHV DQG (QHUJ\ 0LQLVWHU *ZHGH 0DQWDVKH VDLG WKDW FRDO ZLOO FRQWLQXH WR SOD\ D VLJQLͤFDQW UROH LQ WKH JHQHUDWLRQ RI HQHUJ\ EXW DGGHG WKDW ZLQG HQHUJ\ ZLOO SOD\ D PRUH VLJQLͤFDQW SDUW 3UHYLRXVO\ JRYHUQPHQW HQYLVLRQHG WKDW ZLQG IDUPV ZHUH VXSSRVHG WR UHSUHVHQW 0: RU RI LQVWDOOHG HQHUJ\ FDSDFLW\ WKLV UHIHUV WR WKH PD[LPXP RXWSXW RI HOHFWULFLW\ D SODQW FDQ SURGXFH XQGHU

EH JHQHUDWHG E\ UHQHZDEOHV %\ VRODU ZLOO VXSSO\ RI HOHFWULFLW\ +\GUR SODQWV ZLOO FRQWULEXWH QXFOHDU DQG WKH UHVW IURP JDV DQG GLHVHO The rest of the IRP2019 • *RYHUQPHQW ZLOO EHJLQ SUHSDULQJ IRU D QXFOHDU EXLOG SURJUDPPH DW D SDFH DQG VFDOH WKDW WKH FRXQWU\ FDQ DIIRUG • 7KH (VNRP RZQHG .RHEHUJ QXFOHDU SODQW 6$V RQO\ QXFOHDU SRZHU SODQW ZLOO KDYH LWV RSHUDWLRQV H[WHQGHG WR ,W ZDV RULJLQDOO\ GHVLJQHG WR VWRS RSHUDWLRQV LQ • $ VWULFWHU FDS ZLOO EH SODFHG RQ FRDO SULFHV • 6RXWK $IULFDQV DUH WR EH HQFRXUDJHG WR JHQHUDWH WKHLU RZQ HOHFWULFLW\ DQG VHOO LW EDFN WR (VNRP 7KLV ZLOO EH SRVVLEOH WKURXJK WKH HQDFWPHQW RI SROLFLHV DQG regulations that eliminate red tape ZLWKRXW FRPSURPLVLQJ VHFXULW\ RI VXSSO\ • 6WRULQJ H[FHVV HQHUJ\ IRU WLPHV ZKHQ

WKHUHV D GHPDQG FUXQFK LV FUXFLDO IRU 6RXWK $IULFD HVSHFLDOO\ DV PRUH ZLQG DQG VRODU SURMHFWV FRPH RQOLQH

Wilhem du Plessis Editor

Best Projects update 7KLV \HDU̵V %HVW 3URMHFWV $ZDUGV DWWUDFWHG HQWULHV 'HVSLWH WKH VWDWH RI WKH FRQVWUXFWLRQ LQGXVWU\ WKLV LV D VLJQ WKDW H[FHOOHQFH VWLOO H[LVWV LQ WKH 6RXWK $IULFDQ EXLOW HQYLURQPHQW 7KHUH ZHUH KRZHYHU IRU WKH ͤUVW WLPH LQ WKH \HDUV WKHVH $ZDUGV KDYH EHHQ KHOG QR HQWULHV LQ WKH &LYLOV (QJLQHHULQJ FDWHJRU\ 7KLV LV QRW DQ LQGLFDWLRQ WKDW WKHUH LV no DFWLYLW\ LQ WKLV VHFWRU EXW DQ LQGLFDWLRQ WKDW WKH FLYLO VHFWRU LV FXUUHQWO\ PHUHO\ WLFNLQJ RYHU ZLWK UXQ RI WKH PLOO SURMHFWV PDLQWHQDQFH DQG VPDOOHU FLYLOV FRQWUDFWV WKDW FRPSDQLHV GR QRW GHHP ZRUWK\ WR HQWHU IRU %HVW 3URMHFWV

LGHDO FRQGLWLRQV LQ WKH FRXQWU\ E\ EXW WKLV KDV QRZ EHHQ LQFUHDVHG E\ RU 0: ,Q WRWDO

*: RI SRZHU FDSDFLW\ ZLOO

@ConstWorldSA

www.facebook.com/construction-worldmagazinesa

(',725 '(387< 38%/,6+(5 Wilhelm du Plessis constr@crown.co.za $'9(57,6,1* 0$1$*(5 Erna Oosthuizen ernao@crown.co.za LAYOUT & GRAPHIC ARTIST Katlego Montsho &,5&8/$7,21 Karen Smith

38%/,6+(5 Karen Grant

727$/ &,5&8/$7,21 (Second Quarter '19)

38%/,6+(' 0217+/< %< Crown Publications (Pty) Ltd P O Box 140 BEDFORDVIEW, 2008 Tel: 27 11-622-4770 • Fax: 27 11-615-6108

The views expressed in this publication are not necessarily those of the editor or the publisher. 35,17(' %< Tandym Cape

Publisherof theYear2018 (TradePublications)

www.constructionworldmagazine.co.za

2

CONSTRUCTION WORLD NOVEMBER 2019

MARKETPLACE

From left: John Matthews, John Slingsby, Allen Bodill, Rick Volker, Tony Keal, Minister de Lille and Roy Hendricks (both in front).

T KH OHDGHUVKLS RI WKH 0%$:& HFKRHG WKH PLQLVWHU̵V VHQWLPHQW RQ WKH QHHG IRU VWURQJ SXEOLF SULYDWH SDUWQHUVKLSV DQG WKH\ UHPDLQ SRVLWLYH DERXW WKH LQGXVWU\̵V SURVSHFWV 0LQLVWHU 'H /LOOH DFNQRZOHGJHG WKH GRZQWXUQ LQ WKH FRQVWUXFWLRQ LQGXVWU\ EXW XUJHG WKH VHFWRU WR ZHOFRPH JRYHUQPHQW̵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ͤUPHG WKDW KHU IRFXV FXUUHQWO\ LV RQ PDNLQJ WKH WHQGHU SURFHVV PRUH WUDQVSDUHQW DQG RSHQ 6KH DOVR VKDUHG WKDW IURP 2FWREHU WR 0DUFK WKH GHSDUWPHQW ZLOO EH UXQQLQJ SURMHFWV WR WKH YDOXH RI DURXQG 5 P DQG DOO 0%$:& PHPEHUV DUH HQFRXUDJHG WR PRQLWRU DGYHUWLVHPHQWV DQG WHQGHU QRWLͤFDWLRQV 7KH 0LQLVWHU HFKRHG 3UHVLGHQW &\ULO 5DPDSKRVD̵V VHQWLPHQWV WKDW SURMHFWV QHHG WR PRYH IDVWHU FRQͤUPLQJ WKDW VKH LV EXLOGLQJ D SRRO RI HQJLQHHUV SURMHFW PDQDJHUV VSDWLDO SODQQHUV DQG TXDQWLW\ VXUYH\RUV LQ RUGHU WR DFKLHYH WKLV JRDO ̸7KLV ZLOO UHVXOW LQ WKH IRUPLQJ RI D PXOWL GLVFLSOLQDU\ DFWLRQ WHDP WKDW PDNHV WKLQJV KDSSHQ IDVWHU RQ WKH JURXQG E\ HYDOXDWLQJ DQG DVVHVVLQJ HYHU\ VLQJOH LQIUDVWUXFWXUH SODQ

LQFOXGLQJ EXGJHWV DQG WLPHOLQHV ZKLOH PDNLQJ VXUH WKDW QR SURSRVHG SURMHFW LV DFFHSWHG LI LW LV QRW SURSHUO\ SUHSDUHG DQG WHQGHU UHDG\̹ 0LQLVWHU 'H /LOOH VDLG 7KH XQGHUO\LQJ PHVVDJH UHFHLYHG WKURXJK WKH 0LQLVWHU̵V DGGUHVV ZDV D PHVVDJH RI KRSH DQG WKH 0%$:& HFKRHV WKLV ZKROO\ 7KH 0%$:& $*0 ZHOFRPHG LQFRPLQJ 3UHVLGHQW 5R\ +HQGULFNV QHZ 6HQLRU 9LFH 3UHVLGHQW 5LFN 9RONHU DQG QHZ -XQLRU 9LFH 3UHVLGHQW 0DUN )XJDUG ZKR DOO FRQͤUPHG WKHLU HQWKXVLDVP IRU SOD\LQJ D UROH LQ VHUYLQJ WKH $VVRFLDWLRQ DQG LWV PHPEHUV 7KH UROH RI +RQRUDU\ 7UHDVXUHU ZLOO RQFH DJDLQ EH DVVXPHG E\ 7RQ\ .HDO DQG -RKQ 6OLQJVE\ ZLOO WDNH XS WKH UROH RI ,PPHGLDWH 3DVW 3UHVLGHQW DV SDUW RI WKH OHDGHUVKLS RI WKH $VVRFLDWLRQ ̸7KHUH DUH VWLOO FUDQHV SHSSHULQJ WKH &DSH 7RZQ VN\OLQH̹ VDLG RXWJRLQJ 3UHVLGHQW 6OLQJVE\ ̸7KHUH PD\ QRW EH DV PDQ\ EXW WKH\ DUH VWLOO WKHUH VR DOO LV QRW ORVW :H KDYH WR UHPDLQ RSWLPLVWLF DERXW RXU FRXQWU\ RSWLPLVWLF DERXW LWV IXWXUH DQG LWV DELOLW\ WR OHDG $IULFD ̹ 'HOLYHULQJ KLV ͤUVW DGGUHVV WR PHPEHUV DQG JXHVWV RI WKH $VVRFLDWLRQ +HQGULFNV VDLG ̸)RU \HDUV WKH $VVRFLDWLRQ KDV SURXGO\ VWRRG LQ VHUYLFH RI RXU PHPEHUV DQG FRQWLQXHG WR DGG YDOXH LQ DQ HYHU FKDQJLQJ LQGXVWU\ DQG DQ HYHU FKDQJLQJ HFRQRP\ ̸:H DUH OLYLQJ LQ WU\LQJ WLPHV RI HFRQRPLF XQFHUWDLQW\ DQG FDQ RQO\ DSSHDO WR JRYHUQPHQW IRU D PHVVDJH RI KRSH WR EH WXUQHG LQWR D UHDOLW\ 7RJHWKHU ZLWK RXU LQGXVWU\ SDUWQHUV ZH DW WKH $VVRFLDWLRQ QHHG JRYHUQPHQW WR NQRZ WKDW ZH DUH UHDG\ ZLOOLQJ DQG DEOH WR EXLOG WKLV FRXQWU\ LQWR WKH PDJQLͤFHQW VSOHQGRXU ZH NQRZ LW FDQ EH 1RZ PRUH WKDQ HYHU ZH QHHG WR VWDQG WRJHWKHU DQG VXSSRUW RQH DQRWKHU DV ZH ͤJKW WR VXUYLYH WKH FXUUHQW HFRQRPLF FOLPDWH ̹ ,Q FRQFOXVLRQ KH HFKRHG :LQVWRQ &KXUFKLOO̵V LFRQLF ZRUGV 6XFFHVV LV QRW ͤQDO IDLOXUH LV QRW IDWDO ,W LV WKH FRXUDJH WR FRQWLQXH WKDW FRXQWV ƒ

4

CONSTRUCTION WORLD NOVEMBER 2019

5

CONSTRUCTION WORLD NOVEMBER 2019

MARKETPLACE

WKH GHFOLQHV LQ UHWDLO DQG ZKROHVDOH FRQͤGHQFH JLYHQ PDQXIDFWXUHUV̵ DQG EXLOGLQJ FRQWUDFWRUV̵ DOUHDG\ GHSUHVVHG VWDWH LW GRHV QRW PDNH WKHLU UHVSHFWLYH VL[ DQG VHYHQ SRLQW GHFOLQHV DQ\ OHVV VLJQLͤFDQW • 0DQXIDFWXULQJ FRQͤGHQFH IHOO IURP WR ZKLFK LV WKH ORZHVW OHYHO VLQFH *URZWK LQ SURGXFWLRQ RXWSXW UHPDLQHG ZHDN DOEHLW QRW DV GLVPDO FRPSDUHG WR WKH VHFRQG TXDUWHU 'RPHVWLF VDOHV DOVR UHPDLQHG ZHDN ZKLOH H[SRUW VDOHV ZRUVHQHG • %XLOGLQJ FRQͤGHQFH GURSSHG IURP WR WKHUHE\ QHXWUDOLVLQJ DOO WKH VHFRQG TXDUWHU̵V JDLQV 5HVLGHQWLDO DFWLYLW\ UHJLVWHUHG WKH ELJJHVW GURS RII LQ WHQ \HDUV ZKLOH WKH ZHDNQHVV LQ QRQ UHVLGHQWLDO DFWLYLW\ SHUVLVWHG 6HQWLPHQW DPRQJ QHZ YHKLFOH GHDOHUV UHPDLQHG GHSUHVVHG HYHQ DIWHU FRQͤGHQFH URVH IURP WR LQGH[ SRLQWV ̰ D OHYHO FRQVLVWHQW ZLWK VDOHV YROXPHV VWLOO FRQWUDFWLQJ 7KH 50% %(5 %&, FROODSVHG ͤUVWO\ EHFDXVH D JURZLQJ PDMRULW\ RI UHVSRQGHQWV LQ WKH WKLUG TXDUWHU H[SHULHQFHG ZRUVH EXVLQHVV FRQGLWLRQV WKDQ PRQWKV DJR DQG VHFRQGO\ EHFDXVH D UDSLGO\ JURZLQJ VKDUH RI UHVSRQGHQWV KDYH EHFRPH SHVVLPLVWLF DERXW WKH IXWXUH 6DLG GLIIHUHQWO\ LW ZRXOG DSSHDU LI PRUH DQG PRUH EXVLQHVV SHRSOH SDUWLFLSDWLQJ LQ WKH %(5̵V VXUYH\ DUH VLPSO\ JLYLQJ XS KRSH ̰ D FRQFHUQLQJ GHYHORSPHQW DQG RQH WKDW VSHOOV HYHQ JUHDWHU WURXEOH DKHDG IRU DQ DOUHDG\ ZHDN HFRQRP\ &RXUDJHRXV OHDGHUVKLS LV WKHUHIRUH UHTXLUHG WR KHOS EUHDN WKH QHJDWLYH IHHGEDFN ORRS ZKHUH ZHDNHQLQJ EXVLQHVV DFWLYLW\ IHHGV LQWR HYHQ ORZHU EXVLQHVV FRQͤGHQFH DQG WKHUHIRUH HYHQ OHVV LQYHVWPHQW DQG MRE FUHDWLRQ (WWLHQQH OH 5RX[ 50% FKLHI HFRQRPLVW UHPDUNHG ̸7R IXUWKHU GHOD\ JURZWK ERRVWLQJ UHIRUPV WKDW VKRXOG KDYH EHHQ LPSOHPHQWHG \HDUV DJR ̰ VXFK DV HDVLQJ RI LPPLJUDWLRQ UHJXODWLRQV FXWWLQJ UHG WDSH DXFWLRQLQJ VSHFWUXP DQG VLPSOLI\LQJ YLVD UHJXODWLRQV ̰ ZLOO VLPSO\ SHUSHWXDWH WKLV YLFLRXV F\FOH 6RXWK $IULFD LV FXUUHQWO\ LQ 7LPH LV QRW RQ RXU VLGH HVSHFLDOO\ QRZ WKDW WKH JOREDO KHDGZLQGV WKH FRXQWU\ LV IDFLQJ DUH EHFRPLQJ HYHU ͤHUFHU̹ ƒ

Ettienne le Roux, RMB chief economist.

1 RW HYHQ GXULQJ WKH KHLJKW RI WKH JOREDO ͤQDQFLDO FULVLV LQ KDYH H[HFXWLYHV EHHQ WKLV GRZQEHDW ,Q IDFW WKH ODVW WLPH WKH %&, ZDV DW VLPLODU OHYHOV ZDV LQ WKH (PHUJLQJ 0DUNHW GHEW FULVLV 7KHQ VSLOORYHU HIIHFWV GUDPDWLFDOO\ ZHDNHQHG WKH UDQG H[FKDQJH UDWH DQG WKH SULPH OHQGLQJ UDWH DV D 7KH 50% %(5 %&, UHͥHFWV WKH UHVXOWV RI D VXUYH\ RI EXVLQHVV SHRSOH 7KH EXON RI WKH UHVSRQVHV ZHUH VXEPLWWHG EHWZHHQ $XJXVW DQG 6HSWHPEHU L H EHIRUH WKH ODWHVW RXWEUHDN RI [HQRSKRELF DWWDFNV 'XULQJ WKH WKLUG TXDUWHU FRQͤGHQFH FROODSVHG LQ IRXU RI WKH ͤYH VHFWRUV PDNLQJ XS WKH %&, 7KH RQO\ VHFWRU WKDW VKRZHG DQ LPSURYHPHQW ZDV WKH PRWRU WUDGH EXW HYHQ VR WKH LQGH[ LV VWLOO ORZ 5HPDUNDEO\ QRW RQO\ LV WKHUH D VLQJOH VHFWRU ZKHUH FRQͤGHQFH LV LQ QHW SRVLWLYH

WHUUDLQ EXW DOO WKH UHVSHFWLYH LQGLFHV DUH EHORZ ̰ D VKRFNLQJ RXWFRPH 7KH ELJJHVW GHFOLQHV RFFXUUHG LQ WKH UHWDLO DQG ZKROHVDOH WUDGHV VHFWRUV ZKLFK XQWLO UHFHQWO\ KDYH SURYHG WR EH FRPSDUDWLYHO\ UHVLOLHQW • $IWHU JUDGXDOO\ HDVLQJ IURP D KLJK RI LQ WKH ͤUVW TXDUWHU RI WR LQ WKH VHFRQG TXDUWHU RI UHWDLO FRQͤGHQFH VDQN WR 7KLV LV WKH ORZHVW OHYHO LQ \HDUV ,Q WKH WKLUG TXDUWHU VDOHV YROXPHV UHPDLQHG GLVPDO DFURVV WKH ERDUG • $ \HDU DJR FRQͤGHQFH DPRQJ ZKROHVDOHUV ZDV VWLOO DERYH ,Q WKH WKLUG TXDUWHU KRZHYHU LW IHOO E\ D KHIW\ SRLQWV WR ̰ DOVR D \HDU ORZ 7KH JURZWK LQ VDOHV YROXPHV HVSHFLDOO\ RI QRQ FRQVXPHU JRRGV SOXPPHWHG $OWKRXJK VPDOOHU LQ PDJQLWXGH WKDQ

6

&216758&7,21 :25/' NOVEMBER 2019

WKLV PHPEHUVKLS KDV EHFRPH YROXQWDU\ FRXSOHG ZLWK D VWUXJJOLQJ HFRQRP\ WKLV KDV VHW PHPEHU VXSSRUW LQ WKLV FULWLFDO ͤHOG LQWR GHFOLQH :LWKRXW WKH IXOO VXSSRUW RI DOO VWDNHKROGHUV WKH ,QVWLWXWH FDQQRW DGHTXDWHO\ VHUYH LWV PHPEHUVKLS DV LW KDV GRQH LQ WKH SDVW WKURXJK WHFKQLFDO VWDQGDUGV DXGLWLQJ DQG LQVSHFWLRQ SURFHGXUHV DQG SURFHVVHV GHYHORSHG RYHU WKH SDVW \HDUV̹ VKH H[SODLQV ̸7KLV UHVROXWLRQ FRPHV DV D PDMRU EORZ QRW RQO\ WR WKH ,QVWLWXWH DV D FULWLFDO DQG HVVHQWLDO FXVWRGLDQ RI WKH HQJLQHHUHG WLPEHU FRQVWUXFWLRQ VHFWRU EXW WR LWV PDQ\ PHPEHUV ZKR DFWLYHO\ SXUVXH H[FHOOHQFH LQ WKH EXLOW HQYLURQPHQW WKURXJK ZRUOG FODVV WLPEHU FRQVWUXFWLRQ URRͤQJ DQG GHFNLQJ̹ VD\V 2EEHV FRQFOXGLQJ ̸(QJLQHHUHG WLPEHU FRQVWUXFWLRQ UHPDLQV D YLDEOH DQG LQWHOOLJHQW FKRLFH LQ URRͤQJ DQG FRQVWUXFWLRQ KRZHYHU ZLWKRXW DQ HQWLW\ HQIRUFLQJ KLJK VWDQGDUGV DQG SURWHFWLQJ WKH FRQVXPHU WKH IXWXUH RI TXDOLW\ WLPEHU URRͤQJ DQG FRQVWUXFWLRQ LQ 6RXWK $IULFD LV XQFHUWDLQ ̹ ƒ GHYHORSPHQWV WR DFKLHYH WKDW IRU WKLV DUHD̹ KH VD\V /DJRV LQ 1LJHULD LV DQRWKHU RQH RI $IULFD̵V PL[HG XVH ULVLQJ VWDUV $FFRUGLQJ WR 6WRSIRUWK WKHVH W\SHV RI SURSHUWLHV DUH EHFRPLQJ PRUH SRSXODU DV ORFDOV DQG H[SDWV DOLNH ORRNLQJ IRU VDIH SHGHVWULDQ RULHQWHG SUHFLQFWV ZKHUH RQH FDQ OLYH ZRUN SOD\ DQG VKRS 7KLV LV DPSOLͤHG E\ KLJK OHYHOV RI WUDͦF FRQJHVWLRQ VRPHWKLQJ ZKLFK EHVLGHV 1LJHULD̵V HFRQRPLF KHDUW LV DOVR DIIHFWLQJ $FFUD 1DLUREL $GGLV $EDED DQG RWKHU PHWURV LQFOXGLQJ -RKDQQHVEXUJ DQG &DSH 7RZQ ̸7KLV LV ZK\ RXU ODWHVW SURMHFW 7KH

M L[HG XVH UHDO HVWDWH LVQ̵W MXVW WDNLQJ 6RXWK $IULFD E\ D VWRUP 'HYHORSPHQWV WKDW FRPELQH UHVLGHQWLDO UHWDLO FRPPHUFLDO DQG RͦFH VSDFHV DUH EHFRPLQJ LQFUHDVLQJO\ SRSXODU LQ WKH UHVW RI WKH FRQWLQHQW DQG IRU DOO WKH ULJKW UHDVRQV :KHQ LW FRPHV WR HFRQRPLF JURZWK DOO H\HV DUH RQ $IULFD 'DWD E\ WKH ,QWHUQDWLRQDO 0RQHWDU\ )XQG ,0) IRU LQVWDQFH VKRZV WKDW WKLV FRQWLQHQW DFFRXQWV IRU IRXU RI WKH ZRUOG̵V WRS ͤYH IDVWHVW JURZLQJ HFRQRPLHV QDPHO\ *KDQD JURZWK LQ 6RXWK 6XGDQ 'RPLQFR 5ZDQGD DQG (WKLRSLD 7KLV DV ZHOO DV LQFUHDVLQJ VSHQGLQJ SRZHU D UDSLG XUEDQLVDWLRQ UDWH DQG $IULFD̵V H[SDQGLQJ ZRUNLQJ DJH SRSXODWLRQ ̰ ZKLFK DFFRUGLQJ WR WKH :RUOG (FRQRPLF )RUXP ZLOO EH ODUJHU WKDQ HLWKHU &KLQD RU ,QGLD LQ ̰ DUH WUDQVIRUPLQJ WKH FRQWLQHQW̵V FLWLHV SURIRXQGO\ 7DNH 5ZDQGD̵V FDSLWDO RI .LJDOL ZKLFK DFFRUGLQJ WR WKH (GHQ 6WUDWHJ\ ,QVWLWXWH KDV RQH RI WKH ZRUOG̵V WRS VPDUW FLW\ JRYHUQPHQWV 1RW FRLQFLGHQWDOO\ WKH FLW\ KDV EHFRPH D PL[HG XVH UHDO HVWDWH KRWVSRW WRR ̸7HFKQRORJLFDOO\ HQKDQFHG PL[HG XVH GHYHORSPHQWV IRUP SDUW RI .LJDOL̵V PDVWHU SODQ WR GULYH LQYHVWPHQWV LPSURYH WKH EXVLQHVV FOLPDWH DQG EXLOG LQIUDVWUXFWXUH WR JURZ WKH FLW\̵V HFRQRP\ 7KH DXWKRULWLHV NQRZ WKDW PRGHUQ PL[HG XVH GHYHORSPHQWV VXSSRUW D YLEUDQW SURGXFWLYH DQG OLYHDEOH FLW\̹ VD\V 1LFKRODV 6WRSIRUWK PDQDJLQJ GLUHFWRU RI $PGHF 3URSHUW\ 'HYHORSPHQWV ̹ ,Q 6RXWK $IULFD $PGHF *URXS̵V SURMHFWV VXFK DV 0HOURVH $UFK KDYH SURYHQ WKLV 7KLV GHYHORSPHQW KDV FKDQJHG WKH ZD\ SHRSOH IURP 0HOURVH OLYH ZRUN DQG VSHQG WKHLU IUHH WLPH :LWK D ODQGVFDSHG XUEDQ GHVLJQ

E VWDEOLVKHG PRUH WKDQ \HDUV DJR WR KHOS IRUPDOLVH DQG DGYDQFH WKH WLPEHU URRI FRQVWUXFWLRQ LQGXVWU\ DQG SURWHFW LWV FRQVXPHUV WKH ,QVWLWXWH IRU 7LPEHU &RQVWUXFWLRQ 6RXWK $IULFD ,7& 6$ 6RXWK $IULFD̵V SURIHVVLRQDO ERG\ IRU WKH HQJLQHHUHG WLPEHU FRQVWUXFWLRQ LQGXVWU\ DQQRXQFHV LWV UHVROXWLRQ RI GRUPDQF\ DV RI 1RYHPEHU 7KLV UHVROXWLRQ ZDV IRUPDOO\ DJUHHG XSRQ DW D UHFHQW ERDUG PHHWLQJ KHOG LQ ,VDQGR *DXWHQJ DQG FRPHV RQ WKH EDFN RI SURWUDFWHG WDONV ZLWK YDULRXV VWDNHKROGHUV UHJDUGLQJ VXVWDLQDEOH IXQGLQJ DYHQXHV WR VXSSRUW WKH ZRUN RI WKH ,7& 6$ LQWR WKH IXWXUH ̸,Q WKH SDVW D FRPSXOVRU\ PHPEHUVKLS V\VWHP ZDV LQ SODFH ZKHUHE\ DOO OLFHQVHG IDEULFDWRUV ZHUH UHTXLUHG WR KROG PHPEHUVKLS ZLWK WKH ,7& 6$ WR HQVXUH WKH FRQWLQXHG VHOI UHJXODWLRQ RI WKH HQJLQHHUHG WLPEHU FRQVWUXFWLRQ LQGXVWU\ LQ 6RXWK $IULFD̹ VD\V $PDQGD 2EEHV ,7& 6$ *HQHUDO 0DQDJHU ̸+RZHYHU RYHU WKH SDVW WZR \HDUV WKDW DOORZV SHGHVWULDQV DFFHVV JUHHQ SXEOLF VSDFHV DPRQJVW KXQGUHGV RI WUHHV 0HOURVH $UFK LQFRUSRUDWHV UHVLGHQWLDO FRPSOH[HV OX[XU\ KRWHOV DQ HYHQWV YHQXH GR]HQV RI UHVWDXUDQWV DQG FRIIHH VKRSV D VKRSSLQJ JDOOHULD $$$ JUDGH RͦFH EXLOGLQJV DQG D ͥDJVKLS 9LUJLQ $FWLYH J\P ̸5HVLGHQWV DQG ZRUNLQJ SURIHVVLRQDOV KDYH HYHU\WKLQJ WKH\ QHHG RQ WKHLU GRRUVWHS ZLWKRXW KDYLQJ WR JHW LQWR WKHLU FDUV DQG ZRUU\ DERXW VDIHW\ 7KLV ZDV RQH RI WKH ͤUVW

7

CONSTRUCTION WORLD NOVEMBER 2019

MARKETPLACE

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ͤHOG DPRQJ ODZPDNHUV DQG ZLWKLQ WKH LQGXVWULHV VHUYHG E\ LWV PHPEHUV Learning curve )HQQHOO LV D FLYLO HQJLQHHULQJ WHFKQLFLDQ E\ WUDGH DQG TXDOLͤHG DW 1DWDO 7HFKQLNRQ GXULQJ & OHDULQJ RI LQGLJHQRXV YHJHWDWLRQ RU FRQVWUXFWLQJ FORVH WR D ZDWHUFRXUVH RU ZHWODQG DUH DPRQJ WKH PDQ\ DFWLYLWLHV WKDW FRXOG ODQG IDUP RZQHUV DQG DJULFXOWXUDO GHYHORSHUV LQ KRW ZDWHU ̰ LI WKH\ GRQ̵W KDYH WKH UHTXLUHG HQYLURQPHQWDO DXWKRULVDWLRQV $FFRUGLQJ WR .DULVVD 1HO SULQFLSDO HQYLURQPHQWDO VFLHQWLVW DW 65. &RQVXOWLQJ̵V 3RUW (OL]DEHWK RͦFH WKH FRPSDQ\ LV RIWHQ UHTXLUHG WR VXEPLW ̴6HFWLRQ *̵ DSSOLFDWLRQV RQ EHKDOI RI FOLHQWV ZKR VWDUW ZRUN RQ D VLWH EHIRUH WKH\ KDYH FRPSOLHG ZLWK WKH 1DWLRQDO (QYLURQPHQWDO 0DQDJHPHQW $FW 1(0$ RU RWKHU HQYLURQPHQWDO OHJLVODWLRQ

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̸, KDYH EHHQ LQYROYHG ZLWK FRQVWUXFWLRQ HTXLSPHQW P\ ZKROH FDUHHU IURP HQG XVHU WR VXSSOLHU DQG HQMR\ WKH FRPSOHWH SURFHVV

IURP LGHQWLI\LQJ WKH ULJKW DSSOLFDWLRQ RI HTXLSPHQW DQG WKH YDOXH WKDW WKLV DGGV WR DQ\ RSHUDWLRQ DOEHLW FRQVWUXFWLRQ RU PLQLQJ SURGXFWLRQ 2YHU WKH \HDUV LW KDV EHFRPH D YHU\ VSHFLDOLVHG LQGXVWU\ ZLWK FXVWRPHUV UHDOLVLQJ WKDW WR HQVXUH HFRQRPLF RSHUDWLRQV \RX UHTXLUH WKH ULJKW PDFKLQH IRU WKH MRE

ZDVWH PDQDJHPHQW OLFHQVH ZDV UHTXLUHG ̸,W GRHV QRW PDWWHU LI QRQ FRPSOLDQFH RFFXUUHG DV D ZLOIXO XQODZIXO DFW RU ZKHWKHU D SDUW\ ZDV FRPSOHWHO\ XQDZDUH RI WKH UHTXLUHPHQWV RI WKH HQYLURQPHQWDO OHJLVODWLRQ̹ 1HO VDLG 1HLWKHU GRHV WKH SD\PHQW RI WKH DGPLQLVWUDWLYH ͤQH JXDUDQWHH D VXFFHVVIXO RXWFRPH RI WKH DSSOLFDWLRQ ̸(YHQ EHIRUH SD\PHQW LV PDGH WKH FRPSHWHQW DXWKRULW\ KDV WKH GLVFUHWLRQ WR DFFHSW RU UHIXVH WKH VHFWLRQ * DSSOLFDWLRQ̹ VDLG 1HO ̸2QO\ RQFH WKH DSSOLFDWLRQ LV DFFHSWHG ̰ DQG D ͤQH FDOFXODWHG DQG SDLG ̰ ZLOO WKH FRPSHWHQW DXWKRULW\ SURFHVV DQG FRQVLGHU WKH LQIRUPDWLRQ VXEPLWWHG ZLWK WKH DSSOLFDWLRQ ̹ 7KH SDLQ GRHV QRW VWRS WKHUH 7KH 6 * SURFHVVHV FDQ WDNH PRUH WKDQ IRXU WLPHV longer than a normal environmental

̸6HFWLRQ * RI 1(0$ SURYLGHV IRU D IRUPDO DSSOLFDWLRQ SURFHVV WR UHFWLI\ DFWLYLWLHV WKDW EHJDQ ZLWKRXW WKH UHTXLUHG HQYLURQPHQWDO DXWKRULVDWLRQV RU OLFHQVHV̹ VDLG 1HO ̸+RZHYHU EHIRUH DQ\ DXWKRULVDWLRQ GHFLVLRQ LV WDNHQ WKH ODZ DOORZV WKDW DQ DGPLQLVWUDWLYH ͤQH RI XS WR 5 PLOOLRQ PD\ EH OHYLHG ̹ 7KH DFWLYLW\ FRXOG EH DQ\ RI WKH DFWLYLWLHV OLVWHG LQ WKH 1(0$ (,$ 5HJXODWLRQV DV DPHQGHG LQ DQG UDQJHV IURP UHVLGHQWLDO GHYHORSPHQWV WR DJULFXOWXUDO DFWLYLWLHV VXFK DV FURS ͤHOGV SLJJHULHV FKLFNHQ EDWWHULHV DEDWWRLUV DQG FRPPHUFLDO FRPSRVWLQJ ̰ LQFOXGLQJ WKH DVVRFLDWHG LQIUDVWUXFWXUH VXFK DV SLSHOLQHV DQG URDGV 7KH ̴ * DSSOLFDWLRQ̵ DV LW LV LQIRUPDOO\ FDOOHG DGGUHVVHV WKH XQODZIXO FRPPHQFHPHQW RU FRQWLQXDWLRQ RI DQ DFWLYLW\ IRU ZKLFK DQ (QYLURQPHQWDO ,PSDFW $VVHVVPHQW (,$ RU D

DVVHVVPHQW SURFHVV GRQH LQ JRRG WLPH $OVR LQWHUHVWHG DQG DIIHFWHG SDUWLHV WKDW JLYH LQSXW GXULQJ WKH SXEOLF SDUWLFLSDWLRQ SURFHVV DUH RIWHQ QRW YHU\ IRUJLYLQJ DGGLQJ DGGLWLRQDO FRPSOH[LW\ WR WKH SURFHVV 7KH DXWKRULWLHV FDQ DOVR SXW D VWRS WR DOO DFWLYLWLHV RQ VLWH ZKLOH WKH\ DVVHVV WKH HQYLURQPHQWDO LPSDFWV DQG UHKDELOLWDWH RU UHPHGLDWH DQ\ HQYLURQPHQWDO GDPDJH RU SROOXWLRQ WKDW KDV WDNHQ SODFH DV D UHVXOW RI WKH DFWLYLW\ 7KH PHVVDJH LV FOHDU VKH VDLG 7KH ODZIXO DQG PRVW HͦFLHQW ZD\ WR DSSURDFK DQ\ QHZ DFWLYLW\ RQ \RXU SURSHUW\ LV WR GHWHUPLQH WKH OHJDO UHTXLUHPHQWV XSIURQW EHIRUH VWDUWLQJ DQ\ ZRUN WKDW PD\ LPSDFW WKH HQYLURQPHQW ƒ

8

CONSTRUCTION WORLD NOVEMBER 2019

̸7KLV PHDQV WKDW WKH HTXLSPHQW UHTXLUHV VSHFLDOLVHG VXSSRUW IURP SURIHVVLRQDO SHRSOH DQG FRPSDQLHV ZKLFK LV UHDOO\ ZKDW VHWV &210(6$ PHPEHUV DSDUW 7KHVH DUH UHSXWDEOH DQG HVWDEOLVKHG EUDQGV WKDW DUH KRXVHKROG QDPHV LQ WKH LQGXVWULHV WKH\ VHUYH DQG ZKR FRQWLQXH WR LQYHVW EDFN LQWR WKH LQGXVWU\ DQG LQ WKH FRXQWU\ ZLWK QHZ LQQRYDWLRQV SURGXFWV DQG VHUYLFHV̹ )XWXUH SURR̨QJ )HQQHOO DGGV WKDW LQ 6RXWK $IULFD WKHUH LV D EURDG EDQG RI FRPSDQLHV FRYHULQJ D EURDG SURGXFW UDQJH DQG &210(6$ JLYHV WKHP D XQLͤHG YRLFH :KHUH QHFHVVDU\ LW ZLOO DOVR OREE\ WR RYHUFRPH FKDOOHQJHV WKDW QHJDWLYHO\ LPSDFW RU PD\ EH KDUPIXO WR WKH LQGXVWU\ DV D ZKROH DQG WU\ WR DGGUHVV FRPPRQ SUREOHPV ZLWKLQ WKH LQGXVWU\ ̸6LPXOWDQHRXVO\ ZH UHPDLQ PLQGIXO RI DQWL FRPSHWLWLYH EHKDYLRXU EXW GR QHHG WR ZRUN WRJHWKHU ZLWK VWDNHKROGHUV LQFOXGLQJ *RYHUQPHQW WR HQVXUH WKH ULJKW HTXLSPHQW LV DYDLODEOH IRU ODUJH VFDOH SURMHFWV DQG LQLWLDWLYHV ZKHQ UHTXLUHG $V 2(0V ZH FDQ DOVR DGG YDOXH WR HQJLQHHULQJ FRPSDQLHV DQG FRQWUDFWRUV DQG ZDQW WR H[SDQG RXU LQWHUDFWLRQV ZLWK SURIHVVLRQDO ERGLHV WR IRVWHU HDV\ FRPPXQLFDWLRQV EHWZHHQ RXU PHPEHUV DQG RWKHU LQGXVWU\ ERGLHV DV ZHOO

DV FRPSDQLHV DQG LQWHUHVW JURXSV 7KHUH DUH ZRUOG FODVV SURGXFWV DQG QHZ LQQRYDWLRQV FRPLQJ WR PDUNHW RQ D UHJXODU EDVLV ZKLFK ZKHQ DSSOLHG WR WKH ULJKW SURMHFW FDQ LPSDFW WKH ERWWRP OLQH QRW RQO\ IRU WKH FRQWUDFWRU EXW DOVR IRU WKH FXVWRPHU ERWK SULYDWH DQG SXEOLF &210(6$̵V ERDUG DOVR UHDOLVHV WKDW LW LV LPSRUWDQW IRU VHQLRU PDQDJHPHQW RI RXU PHPEHU FRPSDQLHV WR FRQWLQXH WR LQWHUDFW

DW DOO OHYHOV ZLWKLQ WKH DVVRFLDWLRQ DQG ZRUN WRJHWKHU WR IDFH FRPPRQ FKDOOHQJHV DQG JLYH WKH DVVRFLDWLRQ D PDQGDWH WR DOORFDWH UHVRXUFHV 7KLV LV WKH RQO\ ZD\ IRUZDUG DV LQ DOO P\ \HDUV LQ EXVLQHVV , KDYH OHDUQHG WKDW LW LV EHWWHU WR SUHVHQW D XQLͤHG IURQW ZKHQ UHSUHVHQWLQJ FRPPRQ LQWHUHVWV̹ KH FRQFOXGHV ƒ

9

CONSTRUCTION WORLD NOVEMBER 2019

MARKETPLACE

T KH ,QQRYDWLRQ +XE WKH LQQRYDWLRQ DJHQF\ RI WKH *DXWHQJ 3URYLQFH UHOHDVHG WKH *DXWHQJ &LW\ 5HJLRQ 0DUNHW $VVHVVPHQW 5HSRUWV RQ 6HSWHPEHU $WWHQGHG E\ DFDGHPLFV DQG HQWUHSUHQHXUV DPRQJVW RWKHUV WKH HYHQW ZDV KHOG DW 7KH ,QQRYDWLRQ +XE̵V &RQIHUHQFLQJ 9HQXH LQ /\QQZRRG 7VKZDQH 7KH SXUSRVH RI WKHVH UHSRUWV ZDV WR RXWOLQH PDUNHW RSSRUWXQLWLHV DFURVV WKH WKUHH VHFWRUV RI WKH *UHHQ (FRQRP\ IRU VPDOO PLFUR DQG PHGLXP HQWHUSULVHV 600(V E\ GHVFULELQJ WKH SROLF\ DQG UHJXODWRU\ ODQGVFDSH UHYLHZLQJ WKH PHFKDQLVPV DQG EXVLQHVV PRGHOV LQ HYDOXDWLQJ WKH VL]H RI *DXWHQJ̵V SRWHQWLDO PDUNHW DQDO\VLQJ WKH YDOXH FKDLQ DQG VXPPDULVLQJ EDUULHUV DQG UHFRPPHQGDWLRQV IRU 600(V WR DFFHVV WKH PDUNHW ,Q KLV ZHOFRPH DGGUHVV 7VLHWVL 0DOHKR 7KH ,QQRYDWLRQ +XE̵V *HQHUDO 0DQDJHU IRU 0RQLWRULQJ (YDOXDWLRQ 3DUWQHUVKLSV RXWOLQHG WKH SURJUDPPH IRU WKH GD\ 3UHVHQWLQJ WKH 0DUNHW ,QWHOOLJHQFH 5HSRUW LQVLJKWV 7KH ,QQRYDWLRQ +XE̵V *HQHUDO 0DQDJHU IRU WKH *UHHQ (FRQRP\ 'U 5HWKDELOH 0HODPX VDLG WKHVH GRFXPHQWV LQWHQG WR SURYLGH LQWHOOLJHQFH WR FXUUHQW DQG DVSLULQJ HQWUHSUHQHXUV RI WKH RSSRUWXQLWLHV LQ WKH FOHDQ HQHUJ\ ZDVWH PDQDJHPHQW DQG ZDWHU VDQLWDWLRQ VHFWRUV ̸7KH UHSRUW ZLOO DOVR LQIRUP UHFUXLWPHQW RI QHZ VWDUW XSV LQWR WKH LQFXEDWLRQ SURJUDPPH LGHQWLI\ RSSRUWXQLWLHV WR OREE\ IRU SROLF\ LQWHUYHQWLRQV DQG H[SORUH DGGLWLRQDO VWUDWHJLF SDUWQHUVKLSV WKDW ZLOO VWUHQJWKHQ WKH HFRV\VWHP̵V DELOLW\ WR VXSSRUW HQWUHSUHQHXUVKLS̹ H[SODLQHG 'U 0HODPX 7KHUH ZHUH DOVR LQSXWV DQG FRPPHQWV SURYLGHG E\ 3URIHVVRU /LQGD *RGIUH\ D 6HQLRU 6FLHQWLVW DW WKH &RXQFLO IRU 6FLHQWLͤF DQG ,QGXVWULDO 5HVHDUFK &6,5 DQG 'U 5LFKDUG 'R\OH 7UHDVXUHU DQG ERDUG PHPEHU DW WKH 6RXWK $IULFDQ 3KRWRYROWDLF ,QGXVWU\ $VVRFLDWLRQ 6$39,$ ,Q KHU DVVHVVPHQW 3URIHVVRU *RGIUH\ VDLG RQH RI WKH WUHQGV ZH KDYH VHHQ JOREDOO\ LV WKH LVVXH RI GHFHQWUDOL]DWLRQ RI VHUYLFHV WKH IDFW WKDW JRYHUQPHQWV DUH VWUXJJOLQJ WR NHHS XS ZLWK WKH UDWH RI XUEDQL]DWLRQ SRSXODWLRQ JURZWK DQG VHUYLFH GHOLYHU\ ̸:LWK WKDW FRPHV WKH GHFHQWUDOLVDWLRQ RI VHUYLFHV ZKLFK ZH DUH VHHLQJ LQ HQHUJ\ ZDWHU DQG FHUWDLQO\ ZDVWH ZKHUH LQ 6RXWK (DVW $VLD WKHUH DUH GLVFXVVLRQV DURXQG KRZ FRPPXQLWLHV KDYH WR WDNH UHVSRQVLELOLW\ IRU ZDVWH PDQDJHPHQW WKHPVHOYHV DQG WKLV UHVXOWV LQ ORWV RI RSSRUWXQLWLHV IRU LQQRYDWLRQ DQG VPDOO EXVLQHVV GHYHORSPHQW̹ VKH VWDWHG ,Q KLV UHPDUNV 'U 'R\OH VDLG WKH PDUNHW VL]LQJ ZDV ZHOO GRQH LQ WKH UHSRUW DQG WKH QXPEHUV DUH LPSUHVVLYH ̸0RVW RI WKH DQDO\VHV LQ WKH VHFWRU LV EDVHG DURXQG YHU\ ODUJH JRYHUQPHQW UHQHZDEOH HQHUJ\ SURJUDPPHV DQG , EHOLHYH WKH QXPEHU RI MREV LV XQGHU HVWLPDWHG̹ VWDWHG 'R\OH $ SDQHO PDGH XS RI 'U 0HODPX 3URI *RGIUH\ 'U 'R\OH ( :DVWH $IULFD̵V 3UDYHVKHQ 1DLGRR 1X/HDI̵V -RQDWKDQ &KDWLNRER DQG %RRVW 0HFKDQLFV̵ ,SHOHQJ 0DWKHEXOD WRRN SDUW LQ D TXHVWLRQ DQG DQVZHU VHVVLRQ ZKHUH WKH\ UHVSRQGHG WR DWWHQGHHV̵ TXHVWLRQV 7KH DXGLHQFH PRVWO\ FRQVLVWLQJ RI HQWUHSUHQHXUV ZHUH JLYHQ DQ RSSRUWXQLW\ WR SRVH TXHVWLRQV WR WKH SDQHOLVWV RQ RSSRUWXQLWLHV LQ WKH ZDVWH HQHUJ\ DQG ZDWHU VHFWRUV )DFLOLWDWLQJ WKLV VHVVLRQ ZDV WKH HYHQW̵V 0& 1LYHVKHQ *RYHQGHU D ERDUG PHPEHU DW WKH 6RXWK $IULFDQ 5HQHZDEOH (QHUJ\ &RXQFLO DQG

The Innovation Hub’s General Manager for the Green Economy, Dr Rethabile Melamu.

T KH &RQFUHWH 6RFLHW\ RI 6RXWKHUQ $IULFD &66$ KDV HOHFWHG +DQOLH 7XUQHU DV LWV ͤUVW HYHU IHPDOH SUHVLGHQW 7XUQHU WKH 7HFKQLFDO ,QIRUPDWLRQ 6HUYLFHV 6SHFLDOLVW DW 33& KDV HQMR\HG D ORQJ DQG GLVWLQJXLVKHG FDUHHU LQ WKH FRQVWUXFWLRQ LQGXVWU\ 6KH SODQV WR use her tenure to drive WKH VRFLHW\ IRUZDUG LQ IRXU NH\ ZD\V $ PHPEHU RI WKH

&RQFUHWH 6RFLHW\ IRU PDQ\ \HDUV +DQOLH 7XUQHU KDV KHOG VHYHUDO YROXQWDU\ SRVLWLRQV LQ WKH RUJDQLVDWLRQ LQFOXGLQJ &KDLUSHUVRQ RI WKH ,QODQG %UDQFK DQG PRUH UHFHQWO\ WKDW RI 1DWLRQDO 9LFH 3UHVLGHQW +HU QHZ UROH DV 3UHVLGHQW RI WKH &66$ ZLOO LQFOXGH KHDGLQJ XS WKH %RDUG RI 'LUHFWRUV DQG FR RUGLQDWLQJ WKH ZRUN RI WKH 6RFLHW\ DW QDWLRQDO OHYHO 6KH ZLOO DOVR EH UHVSRQVLEOH IRU IRUPXODWLQJ WKH SROLF\ IRU WKH 6RFLHW\ WKDW ZLOO EH LPSOHPHQWHG QDWLRQDOO\ ƒ

10

CONSTRUCTION WORLD NOVEMBER 2019

PROPERTY

DQG HQWUDQFH WR WKH EXVLHVW̹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̸%DOOLWR ZKLFK LV ORFDWHG DW WKH FRDVW LV QRW DV IDYRXUDEOH D FDQGLGDWH IRU VRODU HQHUJ\ JHQHUDWLRQ DV RXU RWKHU PDOOV :H GR KRZHYHU VWLOO EHOLHYH WKHUH LV DQ LQYHVWPHQW FDVH DQG KDYH VWDUWHG WR LQYHVWLJDWH WKLV Getting the approvals to install alternative HQHUJ\ DW 7KDYKDQL 0DOO LQ /LPSRSR LV SURYLQJ WR EH FRPSOH[ EXW ZH DUH FRQWLQXLQJ WKLV SURFHVV 0RUQLQJVLGH 6KRSSLQJ &HQWUH

LQ 6DQGWRQ -RKDQQHVEXUJ ZLOO PRVW OLNHO\ VHH WKH DGGLWLRQ RI URRIWRS VRODU LQ FRQMXQFWLRQ ZLWK DQRWKHU H[FLWLQJ SURMHFW WKDW ZLOO FUHDWH PHDQLQJIXO VRFLDO DQG HQYLURQPHQWDO EHQHͤWV IRU LWV FRPPXQLW\̹ ,Q IXWXUH )ODQDJDQ *HUDUG LV FRPPLWWHG to designing all its new developments WR LQFOXGH URRIWRSV ZLWK WKH VWUXFWXUDO VSHFLͤFDWLRQ QHFHVVDU\ WR KDQGOH 39 SDQHO ORDGV ̸$V D FRPSDQ\ ZH DUH SDVVLRQDWH DERXW RXU ZRUOG DQG ORRNLQJ DIWHU LWV OLPLWHG QDWXUDO UHVRXUFHV 5HGXFLQJ WKH FDUERQ IRRWSULQW RI RXU VKRSSLQJ FHQWUHV DQG IXWXUH GHYHORSPHQWV HYHQ IXUWKHU DQG ZLOO VWDUW ULJKW IURP WKH LQLWLDO GHVLJQ DQG SODQQLQJ SKDVH IURP WKH HͦFLHQW RULHQWDWLRQ RI EXLOGLQJV WR PD[LPLVH RQ QDWXUDO OLJKW DQG WR DOORZ IRU WKH PRVW HͦFLHQW VRODU UHWXUQ̹ *HUDUG VD\V 2WKHU HQYLURQPHQWDOO\ LQQRYDWLYH IHDWXUHV WKDW FDQ EH IRXQG LQ )ODQDJDQ *HUDUG̵V SRUWIROLR RI SURSHUWLHV LQFOXGH UDLQZDWHU KDUYHVWLQJ KHOSLQJ UHWDLOHUV DQG VKRSSHUV UHGXFH WKHLU ZDWHU XVDJH UHF\FOLQJ LQLWLDWLYHV HQYLURQPHQWDOO\ FRQVWUXFWLRQ PDWHULDOV ZDVWH PDQDJHPHQW FRQWURO PHDVXUHV VPDUWHU +9$& V\VWHP GHVLJQV VPDUW PHWHULQJ /(' OLJKWLQJ OLJKW VHQVRUV DQG HOHFWURQLF FRQWURO JHDU ƒ

Paul Gerard, MD of Flanagan & Gerard.

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̵V UHWDLO DVVHWV WR PRUH WKDQ 09$ ̸(QHUJ\ VDYLQJ DQG JRLQJ JUHHQ DUH SULPDU\ GULYHUV IRU XV DV ZH EULQJ WKHVH VKRSSLQJ FHQWUHV LQ OLQH ZLWK WKH )ODQDJDQ *HUDUG SKLORVRSK\ RI PDNLQJ D SRVLWLYH HQYLURQPHQWDO LPSDFW E\ XVLQJ UHQHZDEOH UHVRXUFHV̹ VD\V 3DXO *HUDUG 0' RI )ODQDJDQ *HUDUG +H DGGV ̸$OWKRXJK 6$ LV JURZLQJ DW D UDSLG UDWH LQ WKH DOWHUQDWLYH HQHUJ\ VHFWRU ZH DUH QRW JURZLQJ IDVW HQRXJK WR UHOLHYH VRPH RI WKH SUHVVXUH FXUUHQWO\ H[SHULHQFHG E\ (VNRP 7KHUH LV XQFHUWDLQW\ DURXQG (VNRP DQG LWV DELOLW\ WR PHHW GHPDQG :H ͤUPO\ EHOLHYH WKDW DV WKH SULYDWH VHFWRU ZH KDYH D UHVSRQVLELOLW\ WR FRQWLQXH WR DFFHOHUDWH WKH H[SDQVLRQ RI UHQHZDEOH HQHUJ\ 7KH UHGXFWLRQ RI &2 emissions is D PDMRU EHQHͤW RI XVLQJ DOWHUQDWLYH HQHUJ\ VRXUFHV DQG KDYLQJ RXU RZQ LQGHSHQGHQW VXSSO\ FRPHV ZLWK WKH DGGHG EHQHͤW RI KDYLQJ PRUH FRQWURO RYHU WKDW VXSSO\̹ )RXU RI WKH FHQWUHV KDYH URRIWRS VRODU LQVWDOODWLRQV ZKLOH 9DDO 0DOO KDV WKH RQO\ FDUSRUW LQVWDOODWLRQ ̸,W LV ZRUWK QRWLQJ WKDW VLQFH WKH LQVWDOODWLRQ 9DDO 0DOO̵V HQWUDQFH ͤYH ZKHUH WKH FDUSRUWV DUH ORFDWHG KDV JRQH IURP EHLQJ WKH OHDVW XVHG SDUNLQJ DUHD 0RROPDQ *URXS DQG 6SULQJV 0DOO FR RZQHG ZLWK 9XNLOH 3URSHUW\ )XQG

11

CONSTRUCTION WORLD NOVEMBER 2019

PROPERTY

T KLV LV D NH\ PHVVDJH FRPLQJ RXW RI D ZRUNVKRS UHFHQWO\ KHOG DW WKH HQG RI $XJXVW EHWZHHQ WKH 'HYHORSPHQW $FWLRQ *URXS '$* DQG &DSH 7RZQ SURSHUW\ GHYHORSHUV VHYHUDO RI ZKRP ZRUN LQ WKH DIIRUGDEOH PDUNHW 7KH ZRUNVKRS ZDV DOVR DWWHQGHG E\ REVHUYHUV IURP WKH &LW\ RI &DSH 7RZQ̵V LQFOXVLRQDU\ KRXVLQJ SROLF\ ZRUNJURXS DQG IDFLOLWDWHG E\ WKH :HVWHUQ &DSH 3URSHUW\ 'HYHORSPHQW )RUXP̵V :&3') &KDLUSHUVRQ 'HRQ YDQ =\O ,Q DWWHQGDQFH ZDV 5LFN -DFREXV SULQFLSDO RI 6WUHHW /HYHO 8UEDQ ,PSDFW $GYLVRUV ̰ UHQRZQHG FRQVXOWDQWV RQ LQFOXVLRQDU\ KRXVLQJ SURJUDPPHV DQG SROLF\ WKURXJKRXW WKH 86$ $ JXHVW RI '$* -DFREXV ZDV YLVLWLQJ 6RXWK $IULFD RQ D IDFW ͤQGLQJ PLVVLRQ ZKLFK LQFOXGHG PHHWLQJV ZLWK NH\ SXEOLF DQG SULYDWH VHFWRUV JURXSV $FFRUGLQJ WR +HOHQ 5RXUNH 3URJUDPPH 0DQDJHU IRU '$* WKH SXUSRVH RI -DFREXV̵V YLVLW ZDV ̸7R PHHW ZLWK VHQLRU PHPEHUV RI WKH SXEOLF VHFWRU DW ORFDO DQG QDWLRQDO JRYHUQPHQW OHYHO DV ZHOO DV HQJDJLQJ ZLWK WKH SULYDWH VHFWRU LQ WKH KRSH RI JXLGLQJ ERWK VHFWRUV WRZDUGV DFFHOHUDWHG GHOLYHU\ RI DIIRUGDEOH KRXVLQJ RYHUDOO EXW LQ SDUWLFXODU WR HQFRXUDJH WKH GHYHORSPHQW RI D YLDEOH LQFOXVLRQDU\ KRXVLQJ SROLF\ IRU &DSH 7RZQ ̹ $OVR NQRZQ DV JDS KRXVLQJ WKH WHUP DIIRUGDEOH UHIHUV WR SRWHQWLDO KRPHRZQHUV ZKR HDUQ 5 RU OHVV SHU PRQWK DQG ZKR ZRXOG WKHRUHWLFDOO\ TXDOLI\ IRU D ERQG EXW IRU ZKRP WKH PDMRULW\ RI KRPHV LQ &DSH 7RZQ ZRXOG EH RXW RI ͤQDQFLDO UHDFK ,W LV KRZHYHU WKH PDUNHW LQ ZKLFK WKH JUHDWHVW GHPDQG IRU KRXVLQJ H[LVWV ,Q WXUQ LQFOXVLRQDU\ KRXVLQJ UHIHUV WR SULYDWH VHFWRU UHVLGHQWLDO GHYHORSPHQWV LQ ZKLFK D FHUWDLQ SHUFHQWDJH RI XQLWV FRXOG DOVR EH LQFOXGHG DQG DLPHG DW WKH VDPH JDS PDUNHW $W SUHVHQW WKH &LW\̵V GDWDEDVH VKRZV D QHHG IRU WKH SURYLVLRQ RI MXVW XQGHU DIIRUGDEOH XQLWV $FFRUGLQJ WR UHVHDUFK FRQGXFWHG E\ WKH 8QLYHUVLW\ RI &DSH 7RZQ̵V 8UEDQ 5HDO (VWDWH 5HVHDUFK 8QLW WKLV ZRXOG QHFHVVLWDWH WKH SURYLVLRQ RI DURXQG QHZ KRXVHV SHU DQQXP +RZHYHU LW LV HVWLPDWHG WKDW OHVV WKDQ SHU DQQXP ZHUH FXUUHQWO\ EHLQJ SURYLGHG -DFREXV HPSKDVLVHG WKDW ODQG YDOXH FDSWXUH ZKHUH GHYHORSHUV FRXOG FRQWULEXWH DIIRUGDEOH XQLWV RQVLWH RU IHHV LQ OLHX WRZDUGV DIIRUGDEOH KRXVLQJ SURMHFWV LQ RWKHU DUHDV LQ H[FKDQJH IRU DGGLWLRQDO

GHYHORSPHQW ULJKWV RQ WKHLU RZQ SURMHFWV ZDV DQ LQWHUQDWLRQDOO\ UHFRJQLVHG PHWKRG RI XVLQJ SULYDWH VHFWRU IXQGLQJ DQG GHOLYHU\ FDSDFLW\ WR DVVLVW ZLWK KRXVLQJ SURYLVLRQ ):-.̵V &(2 'DYLG :LOOLDPV -RQHV FRQFXUUHG QRWLQJ WKDW FHUWDLQW\ RI D growth vision would help to determine WKH FRVW FRQWULEXWLRQ WKDW GHYHORSHUV ZRXOG PDNH ̸$W WKH PRPHQW ZH DUH VKRRWLQJ LQ WKH GDUN DQG DUH KHOG UDQVRP ZLWK VSXULRXV REMHFWLRQV ̹ 1RWLQJ WKH LPSRUWDQFH IRU DIIRUGDEOH RU LQFOXVLRQDU\ KRXVLQJ SURYLVLRQ DURXQG WKH ZRUOG WR EH ̸D SLHFH RI D EURDGHU JURZWK VWUDWHJ\̹ -DFREXV VWUHVVHG WKDW LW KDG WR EH SDUW RI D FRKHVLYH ZHOO SODQQHG FLW\ ZLGH JURZWK YLVLRQ WKDW LQFRUSRUDWHV WKH UROORXW RI ERWK PRWRULVHG DQG QRQ PRWRULVHG WUDQVLW QRGHV GHQVLͤFDWLRQ DFURVV DOO FLW\ DUHDV

DQG WKH SODQQLQJ RI DOO IXWXUH UHVLGHQWLDO DQG FRPPHUFLDO GHYHORSPHQW QRW OHDVW RI ZKLFK ZDV LQFOXVLRQDU\ KRXVLQJ ,W LV KHUH LQ WKH ODFN RI D JURZWK YLVLRQ IRU WKH &LW\ WKDW WKH SULPDU\ SUREOHP OD\ DFFRUGLQJ WR 9DQ =\O ̸+HOHQ =LOOH DV 0D\RU LQ WKH PLG V FDOOHG IRU LQIUDVWUXFWXUH OHG HFRQRPLF JURZWK 7KLV YLVLRQ RI DFFHSWLQJ WKH FRQFHSW RI JURZWK DQG OHDGLQJ ZLWK SURDFWLYH LQIUDVWUXFWXUH FDSDFLW\ VHHPV WR KDYH IDOOHQ E\ WKH ZD\VLGH ̸&LW\ RͦFLDOV DUJXH WKDW WKHUH LV QR PRQH\ IRU SODQQLQJ RU WR LQYHVW LQ LQIUDVWUXFWXUH $QG \HW WKH &LW\ FXUUHQWO\ VLWV RQ ELOOLRQV LQ FDVK EXW H[SHFWV SURSHUW\ developers to grow its revenue stream ZLWK QHZ LQIUDVWUXFWXUH GHYHORSPHQW RQ LWV EHKDOI ,W̵V D ELW OLNH H[SHFWLQJ SURGXFWLRQ ZLWKRXW KDYLQJ EXLOW WKH IDFWRU\ LQ WKH ͤUVW

12

CONSTRUCTION WORLD NOVEMBER 2019

SODFH ,I \RX GRQ̵W LQYHVW LQ WKH IDFWRU\ KRZ FDQ \RX H[SHFW D SURGXFWLRQ SLSHOLQH" ,I \RX GRQ̵W KDYH RU LQYHVW LQ D YLVLRQ KRZ FDQ \RX H[SHFW DQ\RQH HOVH WR GR LW"̹ ,Q DGGLWLRQ QRWLQJ WKDW WKH &LW\̵V UHFHQW EXGJHW VKRZHG ODUJH FDVK KROGLQJV DQG D ZRUNIRUFH RI PRUH WKDQ SHRSOH 9DQ =\O DVNHG ̸+RZ LV LW WKDW WKH &LW\̵V LQDELOLW\ WR DFWXDOO\ VSHQG LWV FDSLWDO EXGJHW GRHV QRW WULJJHU DQ DXGLW TXDOLͤFDWLRQ" ,I WKHUH ZHUH D FOHDU JURZWK YLVLRQ WKH &LW\ 0DQDJHU DQG KLV WHDP ZRXOG EH DVNLQJ SURELQJ TXHVWLRQV RQ XQGHU H[SHQGLWXUH DQG XQGHU SHUIRUPDQFH DQG ZRXOG EH PDNLQJ VWUXFWXUDO FKDQJHV 7KLV GRHV QRW VHHP WR EH KDSSHQLQJ ̹ 7KH JURZWK YLVLRQ DOVR QHHGHG WR EH PXOWL GLPHQVLRQDO DQG GHWDLOHG VWUHVVHG 9DQ =\O ̸,W QHHGV WR VKRZ HYHU\ OD\HU LQ WKH VSDWLDO SODQQLQJ VWUXFWXUH ̰ DV -DFREXV SRLQWV RXW ̰ ZKHUH HYHU\WKLQJ SOXJV LQ :KHUH ZLOO QHZ FRPPHUFLDO QRGHV EH GHYHORSHG" +RZ ZLOO DUHDV DURXQG WUDQVLW QRGHV EH GHYHORSHG" :KHUH ZLOO GHQVLͤFDWLRQ WDNH SODFH" $UH EXON LQIUDVWUXFWXUH FDSDFLWLHV ZDWHU VHZHUDJH WUHDWPHQWV ZRUN HOHFWULFLW\ DQG ODQGͤOO DQG UHF\FOLQJ VLWHV DYDLODEOH WR DFFRPPRGDWH JURZWK DQG VXVWDLQDELOLW\" ̸,I \RX̵UH QRW JURZLQJ \RX̵UH QRW

FKDQJLQJ DQG \RX DUH WKHUHIRUH XQDEOH IDFLOLWDWH VRFLDO LQWHJUDWLRQ DQG SURYLGH DIIRUGDEOH DFFRPPRGDWLRQ

WR EH DQ LQDELOLW\ E\ WKH &LW\ WR DSSUHFLDWH WKH HFRQRPLF YDOXH WKDW D GHYHORSPHQW EULQJV ̰ IURP WKH FUHDWLRQ RI FRQVWUXFWLRQ MREV DPRQJ WKH SRRUHVW VHFWRUV RI RXU FRPPXQLW\ WR WKH ͤQDO UDWHV JHQHUDWHG IRU WKH PXQLFLSDOLW\ ̸,I WKLV DSSUHFLDWLRQ DFWXDOO\ H[LVWHG WKHQ WKH &LW\ ZRXOG DFWLYHO\ SODQ IRU DQG SURYLGH LQIUDVWUXFWXUH FDSDFLW\ WRZDUG JURZWK EDVHG RQ D D JURZWK YLVLRQ ̹:RUNLQJ ODUJHO\ LQ WKH DUHD RI FRPPHUFLDO SURSHUW\ 9XVL 1RQGR 'HYHORSPHQW ([HFXWLYH IRU WKH 9 $ :DWHUIURQW FRQFXUUHG ̸/RRNLQJ VSHFLͤFDOO\ DW FRPPHUFLDOO\ GULYHQ GHYHORSPHQW WKHUH LV D ODFN RI FRPPLWPHQW DQG SULRULWLVDWLRQ RU XQGHUVWDQGLQJ RI WKH HFRQRPLF EHQHͤWV RI HYHQ MXVW ̴YDQLOOD̵ W\SH GHYHORSPHQW ̸6R ZLWKRXW D JURZWK YLVLRQ ZH̵UH DOO OHIW LQ D ELW RI D TXDQGDU\ LQ WKDW LI WKH &LW\ LV QRW UHDOO\ FRPPLWWHG WR GHYHORSHUV LQ WKH DIIRUGDEOH KRXVLQJ VSDFH DQG WKH\̵UH QRW FRPPLWWHG WR ZKDW ZH̵UH GRLQJ FRPPHUFLDOO\ ZKDW H[DFWO\ DUH WKH\ IRFXVHG RQ" ,V LW WKH ODFN RI FOHDU SROLF\" $UJXDEO\ \RX̵UH QRW JRLQJ WR JHW FOHDU SROLF\ LI \RX GRQ̵W KDYH D FOHDU YLVLRQ DQG WRJHWKHU ZLWK WKDW DQ XQGHUVWDQGLQJ RI WKH HFRQRPLF RXWFRPHV RU WKH LPSDFW RI WKH GHFLVLRQV \RX̵UH PDNLQJ RQ WKH V\VWHP RYHU ZKLFK \RX KDYH RYHUVLJKW ̹ ƒ

13

CONSTRUCTION WORLD NOVEMBER 2019

ENVIRONMENT & SUSTAINABILITY

Not if, but how to respond ̸7KH GHEDWH LV QRW DERXW ZKHWKHU WKHUH LV JOREDO ZDUPLQJ RU QRW 'HVSLWH WKH 86$ EHLQJ RQ WKH IHQFH VFLHQFH RYHUZKHOPLQJO\ LQGLFDWHV WKDW ZH GR VHH FKDQJHV LQ ZHDWKHU SDWWHUQV ,W LV QRZ LPSRVVLEOH WR LJQRUH ̰ WKH GHEDWH LV PRYLQJ DZD\ IURP ZKHWKHU KXPDQV FDXVH ZDUPLQJ WRZDUGV WR KRZ EHVW WR UHVSRQG VR WKDW WKH LPSDFW RQ WKH HQYLURQPHQW FDQ EH PLQLPLVHG̹ VD\V +DQQHV 0H\HU $IUL6DP̵V &HPHQWLWLRXV ([HFXWLYH /LNH RWKHU 6RXWK $IULFDQ FRUSRUDWHV RSHUDWLQJ LQ WKH FHPHQW SURGXFLQJ LQGXVWU\ $IUL6DP VXSSRUWV PHDVXUHV WKURXJK ZKLFK FDUERQ HPLVVLRQV FDQ EH PLQLPLVHG ̸:H DUH IXOO\ VXSSRUWLYH RI WKH LGHD RI LPSOHPHQWLQJ &DUERQ 7D[ DV D PHDVXUH RI UHGXFLQJ FDUERQ HPLVVLRQV ̰ LI WKH LQVWUXPHQWV DUH DSSURSULDWHO\ LPSOHPHQWHG̹ VD\V 0H\HU Cement production and greenhouse gases $FFRUGLQJ WR WKH :RUOG 5HVRXUFHV ,QVWLWXWH &OLPDWH $QDO\VLV ,QGLFDWRU 6RXWK $IULFD̵V *+* SURͤOH LV GRPLQDWHG E\ HPLVVLRQV IURP WKH HQHUJ\ VHFWRU 7KLV VHFWRU DFFRXQWV IRU RI HPLVVLRQV 2I WKLV RI HQHUJ\ HPLVVLRQV DUH GXH WR HOHFWULFLW\ DQG KHDW GXH WR FRQVWUXFWLRQ DQG PDQXIDFWXULQJ WR WUDQVSRUWDWLRQV DQG WR RWKHU HQHUJ\ VXEVHFWRUV &HPHQW SURGXFWLRQ DFFRXQWV IRU DERXW RI JOREDO FDUERQ HPLVVLRQV ,W LV DIWHU VWHHO WKH VHFRQG ELJJHVW VRXUFH RI FDUERQ HPLVVLRQV LQ WKH JOREDO LQGXVWU\ ̸6WDWLVWLFDOO\ 6RXWK $IULFD SURGXFHV MXVW OHVV WKDQ RI WKH ZRUOG̵V FDUERQ HPLVVLRQV ZKLFK KDUGO\ VRXQGV VLJQLͤFDQW %XW 6RXWK $IULFD̵V SHU FDSLWD FDUERQ HPLVVLRQ LV DERXW KLJKHU WKDQ WKH ZRUOG DYHUDJH ,W ZDV WKHUHIRUH QHFHVVDU\ WKDW WKLV ELOO ZDV LQWURGXFHG̹ H[SODLQV 0H\HU

Impact of carbon tax 0H\HU VD\V FDUERQ WD[ ZLOO LQFUHDVH FRVW RI OLYLQJ ̸7KH FDUERQ WD[ DFW JLYHV HIIHFW WR WKH SROOXWHU SD\V SULQFLSOH IRU ODUJH HPLWWHUV DQG KHOSV WR HQVXUH WKDW ͤUPV DQG FRQVXPHUV WDNH WKH QHJDWLYH DGYHUVH FRVWV LQWR DFFRXQW LQ WKHLU IXWXUH SURGXFWLRQ FRQVXPSWLRQ DQG LQYHVWPHQW GHFLVLRQV ̹ +H DGGV WKDW WKH FHPHQW LQGXVWU\ LV H[SHULHQFLQJ LWV PRVW FKDOOHQJLQJ WLPH ̸7KH WLPLQJ RI WKLV ELOO ZLWK LWV QHFHVVDU\ LQFUHDVHG FRVW LV QRW RSWLPDO %XW LW LV RXU UHVSRQVLELOLW\ DV UHVSRQVLEOH FRUSRUDWH FLWL]HQV WR GR VRPHWKLQJ DERXW WKH FDUERQ HPLVVLRQV DQG WKH KDUP GRQH WR WKH HQYLURQPHQW :H DUH KRZHYHU FRQFHUQHG DERXW KRZ FDUERQ WD[ ZLOO EH XWLOLVHG WR GULYH WKH ULJKW EHKDYLRXU , EHOLHYH DW WKLV VWDJH PRUH GLDORJXH ZLWK JRYHUQPHQW LV QHFHVVDU\ VR ZH FDQ ͤQG WKH RSWLPXP ZD\ RI LQWURGXFLQJ WKHVH FDUERQ WD[HV̹ 0H\HU VD\V ̸%HFDXVH RI WKH H[WUHPHO\ GLͦFXOW HFRQRPLF FRQGLWLRQV LW LV GLͦFXOW WR VLPSO\ FRYHU FRVW E\ SDVVLQJ RQ SULFH LQFUHDVHV WR FXVWRPHUV DV HYHU\RQH LV IHHOLQJ WKH VTXHH]H DQG WKHUH LV HQRUPRXV SUHVVXUH RQ FRPPRGLW\ SULFHV ,Q WKH VKRUW WHUP DOWKRXJK ZH LQGLFDWH WR FXVWRPHUV ZKDW WKH LPSDFW RI FDUERQ WD[ LV ZH ͤQG LW GLͦFXOW WR LPSOHPHQW RXU DQQXDO SULFH LQFUHDVH :H KDYH WR D ODUJH H[WHQW VDFULͤFHG WKLV LQFUHDVH DQG MXVW UHFRYHU WKH FDUERQ WD[ ̹ Carbon emission reduction since 2000 ,W KDV EHHQ D FRUH IRFXV IRU $IUL6DP WR UHGXFH LW FDUERQ HPLVVLRQV DV LW KDV IRU GHFDGHV ORRNHG DW ZD\V WR PLQLPLVH LWV LPSDFW RQ WKH HQYLURQPHQW ,Q IDFW $IUL6DP KDV UHGXFHG LWV *+* HPLVVLRQV E\ VLQFH ̸:H VWDUWHG LQ WR UHGXFH RXU FDUERQ HPLVVLRQV V\VWHPDWLFDOO\ DQG RXU DSSURDFK KDV LQFOXGHG WKH HQKDQFHPHQW RI WHFKQRORJ\ HTXLSPHQW DQG RXU FHPHQW PDQXIDFWXULQJ SURFHVVHV :H PDNH XVH RI ZDVWH PDWHULDOV IURP RWKHU LQGXVWULHV WR UHGXFH WKH DFWXDO FOLQNHU FRQWHQW RI FHPHQW PDQXIDFWXULQJ 7KHVH DUH JUDQXODWHG EODVW IXUQDFH VODJ DQG ͥ\ DVK ZKLFK ZH XVH H[WHQVLYHO\ DV H[WHQGHUV %HFDXVH ERWK VODJ DQG ͥ\ DVK FRQWDLQ FHPHQWLWLRXV SURSHUWLHV WKH\ DUH XVHG WR H[WHQG FOLQNHU DQG DFKLHYH VLPLODU RU VXSHULRU UHVXOWV IURP FHPHQW SHUIRUPDQFH̹ VD\V 0H\HU $IUL6DP̵V EDJV LQGLFDWH ZKDW WKH FDUERQ IRRWSULQW LV &2 HPLWWHG IRU HYHU\ WRQ RI FHPHQW SURGXFHG ̸$IUL6DP ZDV WKH ͤUVW FRPSDQ\ WR LQWURGXFH WKLV LQ 6RXWK $IULFD EDFN LQ &XVWRPHUV FDQ PDNH DQ LQIRUPHG GHFLVLRQ WR HLWKHU EX\ D PRUH

$IUL6DP SDUWLFLSDWHG LQGLUHFWO\ LQ WKH GUDIWLQJ RI WKH &DUERQ 7D[ OHJLVODWLRQ WKURXJK WKH $VVRFLDWLRQ RI &HPHQWLWLRXV 0DWHULDO 3URGXFHUV $&03 DQG %XVLQHVV 8QLW\ 6RXWK $IULFD %XVD ̸'U 'KLUDM 5DPD WKH $&03 ([HFXWLYH 'LUHFWRU ZDV DVNHG WR SUHVHQW WR SDUOLDPHQW WKH HIIHFWV RI WKH FDUERQ WD[ RQ WKH

FHPHQW LQGXVWU\ +RZHYHU ZH VWLOO KDYH WR VHH KRZ VXFFHVVIXO RXU OREE\LQJ DQG LQSXW KDV EHHQ 2XU VXJJHVWLRQV WR LPSURYH WKH FDUERQ WD[ OHJLVODWLRQ DV LW VWDQGV DW WKH PRPHQW KDYH QRW EHHQ LPSOHPHQWHG \HW ̹

Hannes Meyer, AfriSam’s Cementitious Executive.

14

CONSTRUCTION WORLD NOVEMBER 2019

Scan to watch interview

HQYLURQPHQWDOO\ SURGXFW RU RSW IRU D PRUH PDLQVWUHDP SURGXFW ̹ $IUL6DP LQFUHDVHG WHFKQRORJLFDO H̪FLHQF\ )URP D WHFKQRORJ\ SHUVSHFWLYH $IUL6DP KDV LQWURGXFHG YDULRXV KLJK OHYHO FRQWURO V\VWHPV ZKLOH PHFKDQLFDO LPSURYHPHQWV WR FULWLFDO HTXLSPHQW IRU WKH SURFHVV KDYH EHHQ LQWURGXFHG ̸:H DUH UHSODFLQJ PDQ\ RI RXU HOHFWULFLW\ LQHͦFLHQW PRWRUV ZLWK PRUH HͦFLHQW RQHV ZKLOH ZH KDYH XSJUDGHG RXU SUH KHDWHUV 2YHU WKH \HDUV ZH KDYH LPSURYHG RXU FHPHQW PLOOLQJ RSHUDWLRQV E\ LQVWDOOLQJ KLJK HͦFLHQF\ VHSDUDWRUV ZKLOH YDULRXV RWKHU WHFKQRORJLHV KDYH EHHQ LQWURGXFHG DQG ZLOO VWLOO EH SRVVLEOH̹ H[SODLQV 0H\HU $IUL6DP KDV LQVWDOOHG D YHUWLFDO UROOHU PLOO DW LWV 5RRGHSRRUW RSHUDWLRQ ,Q WKH SDVW LW XVHG EDOO PLOO WHFKQRORJ\ KHUH ̰ D YHUWLFDO UROOHU PLOO LV D PRUH HQHUJ\ HͦFLHQW SURFHVV ̸7KLV KDV OHG WR D UHGXFWLRQ RI EHWZHHQ DQG LQ HOHFWULFLW\ FRQVXPSWLRQ̹ H[SODLQV 0H\HU ̸:H KDYH DOVR LQVWDOOHG KLJK HͦFLHQF\ EXUQHUV WKDW KDYH OHG WR D UHGXFWLRQ LQ WKH FRQVXPSWLRQ RI HQHUJ\̹ KH VD\V ̸2QH REYLRXVO\ RSWV IRU WKH ORZ KDQJLQJ IUXLW WR PDNH WKHVH FKDQJHV DQG DV WLPH JRHV E\ LW EHFRPHV PRUH H[SHQVLYH 7KH QH[W VWDJHV RI LPSURYHPHQWV RI HQHUJ\ HͦFLHQF\ ZLOO EH H[SHQVLYH̹ KH VD\V 0H\HU VD\V WKDW LURQLFDOO\ $IUL6DP̵V HIIRUWV WR PLQLPLVH LWV LPSDFW RQ WKH HQYLURQPHQW RYHU WKH SDVW WZR GHFDGHV PD\ SXW LW DW D GLVDGYDQWDJH ̸,I *RYHUQPHQW GHFLGHV WR EDVH WKH FDUERQ WD[ RQ FXUUHQW VWDWXV DQG WKHQ GHWHUPLQHV D WDUJHW IRU FDUERQ HPLVVLRQ UHGXFWLRQV RQ D SHUFHQWDJH EDVLV RU WKH OLNH ZH PD\ EH DW D GLVDGYDQWDJH DV ZH KDYH DOUHDG\ GRQH VR PXFK ̰ ZH KDYH UHGXFHG RXU FDUERQ HPLVVLRQV E\ PRUH WKDQ LQ WKH ODVW \HDUV RQ D FDUERQ HPLVVLRQ E\ WRQ RI FHPHQW EDVLV̹ 0H\HU H[SODLQV Short-term ̸,I \RX LQYHVW LQ QHZ DQG PRUH HͦFLHQW WHFKQRORJ\ WKHUH LV DOZD\V D ULVN RI MRE UHGXFWLRQV ̰ DQG WKLV ZLOO EH DQ XQLQWHQGHG FRQVHTXHQFH ,Q D FRXQWU\ VXFK DV 6ZHGHQ D ODUJH SRUWLRQ RI WKH PRQH\ WKDW WKH\ JHW WKURXJK FDUERQ WD[ LV XVHG IRU HTXLWDEOH GLVWULEXWLRQ LQ WKH FRPPXQLW\ ̰ WKLV LV WKH NLQG RI WKLQJ WKDW JRYHUQPHQW ZLOO KDYH WR ORRN DW +RZHYHU 0H\HU VD\V WKH PHFKDQLVPV RI KRZ WKH &DUERQ 7D[ ZLOO ZRUN SUDFWLFDOO\ KDYH VWLOO QRW EHHQ ͤQDOLVHG $IUL6DP LV UHDG\ IRU WKH ͤUVW SD\PHQWV QH[W \HDU EXW WKHUH VWLOO DUH PDQ\ GHWDLOV WR EH ͤQDOLVHG LQFOXGLQJ H[DFWO\ KRZ WKH WD[ ZLOO EH OHYLHG FDOFXODWHG DQG RQ ZKLFK EDVLV WKLV ZLOO EH GRQH ƒ

15

CONSTRUCTION WORLD NOVEMBER 2019

ENVIRONMENT & SUSTAINABILITY

W LWK HOHFWULFLW\ FRVWV LQFUHDVLQJ VRODU HQHUJ\ HͦFLHQF\ IRU EXVLQHVVHV LV D ORZ ULVN LQYHVWPHQW ZKLFK \LHOGV VXEVWDQWLDO UHZDUGV SDUWLFXODUO\ IRU KLJK GD\ WLPH HQHUJ\ XVHUV 0DQXIDFWXULQJ FRPSDQLHV OLNH 6KHͦHOG 0DQXIDFWXULQJ LQ 'XUEDQ DUH LQFUHDVLQJO\ WXUQLQJ WR VRODU DV D ZD\ WR VXSSOHPHQW HQHUJ\ QHHGV JR JUHHQ DQG EULQJ FRVWV GRZQ VD\V /DQFH *UHHQ RI 6RODU6DYHU D SURYLGHU RI FXVWRPLVHG URRIWRS VRODU SKRWRYROWDLF VROXWLRQV WKURXJK D XQLTXH UHQW WR RZQ PRGHO 6RODU6DYHU KDV MXVW FRPSOHWHG D .: JULG WLHG VRODU 39 V\VWHP ZLWK VRODU SDQHOV DW 6KHͦHOG 0DQXIDFWXULQJ D SURGXFHU

RI PXOWLSOH UDQJHV RI KLJK TXDOLW\ VWDLQOHVV VWHHO JRRGV XQGHU WKH 3RZHUͥRZ ([KDXVWV DQG &LWLZDUH +ROORZDUH DQG 6DQZDUH EUDQGV &LWLZDUH KDV EHHQ LQ H[LVWHQFH IRU DSSUR[LPDWHO\ \HDUV DQG PDQXIDFWXUHV VWDLQOHVV VWHHO KROORZDUH DQG FDWHULQJ HTXLSPHQW $FFRUGLQJ WR *UHHQ 6KHͦHOG 0DQXIDFWXULQJ ZDV DQ LGHDO FDQGLGDWH IRU D JULG WLHG VRODU LQVWDOODWLRQ GXH WR LWV ORFDWLRQ LQ DQ RSHQ DUHD ZLWK PLQLPDO KLJK ULVH EXLOGLQJV DQG WUHHV LW̵V ODUJH URRI VSDFH DQG LW̵V QHHGHG IRU PDLQO\ GD\ WLPH HOHFWULFLW\ XVDJH ̸0DQXIDFWXULQJ ͤUPV RIWHQ RSHUDWH RXW RI EXLOGLQJV ZLWK VL]HDEOH ͥDW URRIV DQG WKHVH VSDFHV DUH SHUIHFW IRU VHWWLQJ XS D ODUJH QXPEHU RI VRODU SDQHOV̹ VD\V *UHHQ

̸,QVWDOODWLRQ LV D TXLFN SURFHVV DQG WKLV SURMHFW WRRN MXVW XQGHU WZR ZHHNV ZLWK PLQLPDO GLVUXSWLRQ WR WKH EXVLQHVV ̹ :LWK ]HUR LQVWDOODWLRQ FRVWV IXOO\ LQFOXVLYH PDLQWHQDQFH PRQLWRULQJ DQG LQVXUDQFH DQG ͥH[LEOH SXUFKDVH ULJKWV 6RODU6DYHU PDNHV LW SRVVLEOH IRU PDQXIDFWXULQJ FRPSDQLHV WR ̴UHQW WKH VXQ̵ /DQGORUG DQG UHWLUHG IRUPHU SDUWQHU LQ 6KHͦHOG 0DQXIDFWXULQJ .HYLQ %XFNOH\ VD\V ̸7KH EXVLQHVV XVHV D VLJQLͤFDQW DPRXQW RI HOHFWULFLW\ GXULQJ WKH SURGXFWLRQ SURFHVV ̰ D PDMRU RYHUKHDG FRVW 7KH LQVWDOODWLRQ RI VRODU 39 V\VWHPV ZLOO EULQJ WKLV FRVW GRZQ FRQVLGHUDEO\ 6RODU6DYHU̵V PRGHO DOVR UHPRYHV WKH QHHG IRU DQ LQLWLDO FDSLWDO RXWOD\ RQ LQVWDOOLQJ WKH VRODU V\VWHP D UHDO JDPH FKDQJHU ,W PDNHV FRPSOHWH VHQVH 7KH SURIHVVLRQDOLVP DQG TXDOLW\ RI VHUYLFH IURP 6RODU6DYHU KDV EHHQ RXWVWDQGLQJ ̹ ,W LV H[SHFWHG WKDW VRODU SKRWRYROWDLF 39 HQHUJ\ ZLOO EH WKH IDVWHVW JURZLQJ UHQHZDEOH WHFKQRORJ\ E\ *UHHQ VD\V ̸,W̵V LPSRUWDQW WR WDNH D ORQJ WHUP YLHZ DQG FRQVLGHU WKH FKDOOHQJHV ZH IDFH ZLWK FRQVLVWHQW SRZHU VXSSO\ ,QVWDOOLQJ D VRODU VROXWLRQ PHDQV EXVLQHVVHV FDQ JHW LPPHGLDWH FRVW VDYLQJ EHQHͤWV DV ZHOO DV WKH SRWHQWLDO WR LQVWDOO EDWWHULHV DQG JR RII JULG LQ WKH IXWXUH %XW EH\RQG WKLV FRPSDQLHV OLNH 6KHͦHOG 0DQXIDFWXULQJ DUH NHHQ WR HPEUDFH VXVWDLQDEOH SUDFWLFHV ̹ :LWK RYHU PDQDJHG LQVWDOODWLRQV FRPSOHWHG LQ 6RXWK $IULFD DQG 1DPLELD 6RODU6DYHU LV FXUUHQWO\ FRPSOHWLQJ D QXPEHU RI VRODU SURMHFWV IRU PDQXIDFWXULQJ UHWDLO DQG IXHO EXVLQHVVHV DURXQG WKH FRXQWU\ ƒ

16

CONSTRUCTION WORLD NOVEMBER 2019

17

CONSTRUCTION WORLD NOVEMBER 2019

COVER STORY

FDQ EH WDLORUHG WR WKH FOLHQW̵V UHTXLUHPHQW DQG WKH UDQJH LQFOXGHV WLSSHUV PL[HUV ZDWHU WDQNHUV ELWXPHQ WDQNHUV ͥDW GHFN WUXFNV ZLWK FUDQHV DQG KHDY\ KDXOHUV WR GHOLYHU \HOORZ PHWDO HTXLSPHQW WR VLWH Tailoring to meet road construction’s unique demands 7R IXUWKHU WDLORU WKH 6FDQLD RIIHULQJ YDULRXV VHUYLFHV DUH OLQNHG WR WKH YHKLFOH D FXVWRPHU SXUFKDVHV 6FDQLD 5HSDLU DQG 0DLQWHQDQFH ZLWK LWV ͥH[LEOH SODQV LV D WDLORU PDGH VHUYLFH ZKLFK EDVHG RQ KRZ D FXVWRPHU XVHV WKH YHKLFOH WHOOV WKHP ZKHQ LW LV WLPH WR YLVLW WKH ZRUNVKRS DLPV WR PD[LPLVH XSWLPH DQG PLQLPLVH WKH ULVN RI XQH[SHFWHG DQG FRVWO\ VWRSV %\ XVLQJ GDWD IURP WKH YHKLFOH WKLV LV exactly WKH ULJKW VHUYLFH 7KLV GDWD LV EDVHG RQ WKH URXWH DQG GULYLQJ VW\OH ZKLOH IDFWRUV VXFK DV URDG URXJKQHVV IXHO TXDOLW\ DQG WKH VWDUW DQG VWRS IUHTXHQF\ DUH DOVR WDNHQ LQWR DFFRXQW 7KLV LV XVHG WR DVFHUWDLQ KRZ WKH YHKLFOH LV PDLQWDLQHG 8VLQJ UHDO WLPH RSHUDWLRQDO GDWD DQG DGYDQFHG DOJRULWKPV WKH V\VWHP ͤQGV WKH ULJKW VHUYLFH IRU HDFK LQGLYLGXDO FRPSRQHQW Services to ensure maximum uptime $OO FRQVWUXFWLRQ URDG FLYLO DQG JHQHUDO KDYH D KLJK IRFXV RQ XSWLPH DQG IXHO FRQVXPSWLRQ ̸$QRWKHU YHU\ LPSRUWDQW IDFWRU LV WKDW WKHUH LV D VWURQJ GHPDQG IRU DIWHUVDOHV EDFN XS IURP D QHDUE\ RU PRELOH ZRUNVKRS̹ H[SODLQV 5XVVHOO 3LQDUG ̰ 6FDQLD 6$̵V &RQWUDFWHG 6HUYLFHV 0DQDJHU ̸7KLV LV GXH WR RSHUDWLRQ LQ GHPDQGLQJ FRQGLWLRQV ZKLFK XVXDOO\ OHDGV WR PRUH UHSDLUV DQG ZRUNVKRS KRXUV WKDQ D ORQJ KDXO WUXFN ZRXOG UHTXLUH ̹ )URP D 6FDQLD &RQWUDFWV DQG )OHHW 0DQDJHPHQW &RQQHFWLYLW\ SHUVSHFWLYH 6FDQLD RIIHUV D WHDP GHGLFDWHG WR SULFLQJ ZKLFK DOORZV PRUH ͥH[LELOLW\ ZLWK WKH RULJLQDO RIIHULQJ DQG WKH\ LQ WXUQ FDQ WUXO\ WDLORU PDNH SDFNDJHV IRU FXVWRPHUV LQ WKH &RQVWUXFWLRQ DQG 0LQLQJ VHFWRUV 7KLV WHDP LV QRW RQO\ DEOH WR ELOO FXVWRPHUV LQ NLORPHWUHV RU KRXUV EXW FDQ IDFLOLWDWH DQ\ DGG RQV WKH FXVWRPHU PD\ QHHG QHHG DLU ͤOWHUV ZKHHO DOLJQPHQW DQG FRVPHWLF UHTXLUHPHQWV VKRXOG WKH\ EH UHTXHVWHG ,Q DGGLWLRQ 6FDQLD RIIHUV DQ RSWLRQ WR

Demands for road construction 6RXWK $IULFD KDV WKH ZRUOG̵V th ORQJHVW URDG QHWZRUN 'HVSLWH HFRQRPLF FKDOOHQJHV WKHVH URDGV KDYH WR EH PDLQWDLQHG DQG QHZ URDGV DGGHG DV LQIUDVWUXFWXUH GHYHORSPHQW LV FUXFLDO WR IXWXUH HFRQRPLF GHYHORSPHQW &XVWRPHUV LQ WKH URDG FRQVWUXFWLRQ VHJPHQW UHTXLUH D KLJK XS WLPH IRU YHKLFOHV DV WKH\ KDYH VWULQJHQW GHDGOLQHV WR GHOLYHU ̸$V URDG FRQVWUXFWLRQ LV D WHQGHU EDVHG EXVLQHVV LW LV YHU\ LPSRUWDQW IRU WKH FXVWRPHU WR NQRZ EHIRUHKDQG ZKDW WKH IXHO FRQVXPSWLRQ RQ D YHKLFOH ZLOO EH 7KLV FRVW LV IDFWRUHG LQWR WKHLU WHQGHU RYHU WKH SHULRG WKH\ ZLOO EH ZRUNLQJ RQ WKH SURMHFW̹ VD\V 7KHXQV 1DXGH 6FDQLD 6$ 6HJPHQW 0DQDJHU ̰ &RQVWUXFWLRQ 3XEOLF DQG 6SHFLDO 9HKLFOHV ̸7KHVH YHKLFOHV VRPHWLPHV ZRUN LQ UHPRWH DUHDV RI WKH FRXQWU\ IRU ORQJ SHULRGV DW D WLPH WKHUHIRUH RQ VLWH VHUYLFLQJ DQG LPSHFFDEOH DIWHUVDOHV VXSSRUW DUH UHTXLUHG +H VWDWHV WKDW 6FDQLD LV QRW MXVW D WUXFN PDQXIDFWXUHU ̸:H DUH a Solutions Provider. $OO 6FDQLD FRQVWUXFWLRQ WUXFNV DUH EXLOW WR WKH KLJKHVW VWDQGDUGV 7KHVH YHKLFOHV DUH VXLWDEOH IRU DQ\ FRQVWUXFWLRQ RSHUDWLRQ DQG WKH WUXFN VSHFLͤFDWLRQV DUH WDLORUHG DURXQG HDFK FXVWRPHU̵V QHHGV EHFDXVH DW 6FDQLD ZH GRQ W EHOLHYH LQ ̴RQH VL]H ͤWV DOO̵ )RU URDG FRQVWUXFWLRQ 6FDQLD RIIHUV YDULRXV WUXFN PRGHOV 7KHVH

18

CONSTRUCTION WORLD NOVEMBER 2019

Made with FlippingBook Annual report