TPI Polene (TPIPL) has said a trio of global cement-makers was readying to bid for a stake in the company.

China's Sichuan province will invest a total of 11.7 billion yuan ($1.41 billion) in highway construction by the end of this year. Local sources said during the country's 9th Five-Year Plan period (1996-2000), the province invested 51 billion yuan in the sector and built 12 major expressways totalling 1,000 km in length.

Three consortiums have lodged expressions of interest for the right to build and operate the 39-km Western Sydney Orbital tollway, the largest infrastructure project in Australia since the Snowy Mountains scheme.

Assetline Corp, a leading online construction equipment exchange, has formed an alliance with H&D International of Germany and Bakheet Company for Machinery Ltd of Saudi Arabia, providing German and Saudi Arabian equipment dealers and users access to the exchange's global marketplace.