€19M works on notorious Blue Banks to be finished by Easter

first_imgMinister for Education and Skills Joe McHugh has confirmed that the €19million road upgrade works on the N56 near Kilmacrennan are on course to finish ahead of schedule.The works have tested the patience of drivers in recent weeks with long delays as the works continue.But it’s all set for the greater good as the works look set to be complete by Easter. “The €19 million upgrade work on the N56 along the Blue Banks has been a big success for the county,” Minister McHugh said.“It has delivered way more than was originally expected. We have the water supply running alongside it and we have the greenway. Now we have the project running ahead of schedule.“And from a safety point of view, as well as for comfort and for better travelling, this project is a shining example of this Government’s investment in infrastructure and getting a job well done, and ahead of time.“I’d like to thank Michael Nolan of Transport Infrastructure Ireland (TII) and all the construction crews and designers who have been involved in this project from day one.” The Minister said: “The photos of the work tell their own story. You get any idea of the scale of the project and the quality of the road.“It’s an impressive sight and another symbol of the great investment in our county.”Minsiter McHugh said: “The brilliant news of schedule busting work on the N56 is also coming when the Government is spending another €34million on projects on the main roads in Donegal this year.“While the main road along Blue Banks is being completed by Easter, the crews will be on site working on the minor link road to bring the whole stretch to top class standard.”Minister McHugh said: “We have 17km of new improvement works on the N56 from Dungloe to Cloughbolie and Letterilly to Kilraine. We’ve the crews ploughing ahead with work further south near Mountcharles and Inver, also on course to finish this year.” The Minister also noted progress on the greenway alongside the N56 Blue Banks project.“I’ve always believed that this stretch of cycleway and footpath along the road was another piece in the jigsaw to connect Derry City to Inishowen and Letterkenny and Glenveagh and the Gaeltacht islands with a dedicated tourist and leisure trail,” Minister McHugh said.“It is a big idea but achievable and it would make a massive difference to the region, attracting people from across Ireland, Europe and further afield.”€19M works on notorious Blue Banks to be finished by Easter was last modified: March 11th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Blue BanksdonegalEasterMinister Joe McHughreadylast_img read more

Media tour boosts China-Africa links

first_img10 November 2011 A group of Chinese business journalists are currently touring Africa to investigate investment opportunities, share lessons from existing Chinese businesses on the continent and strengthen the sense of mutual understanding between African and Asian cultures. Brand South Africa is hosting the group during its final leg of the tour, following visits to Ethiopia, Chad, Algeria, Zambia and Kenya. The China Entrepreneur reporters’ findings will be published in their magazine’s African Focus issue at the end of November 2011. The fortnightly publication boasts a circulation figure of 150 000 and is the Chinese equivalent of Fortune – according to Olive Hou, the magazine’s international relations manager. “South Africa is the last stop on our tour to see what strategies these countries have in place to foster trade with China and if there are investment opportunities for China’s entrepreneurs in those countries,” Hou said. Today China is South Africa’s biggest trading partner, with the total value of trade between the two nations nearing US$16-billion (R125-billion) in 2010.Enabling foreign investment Tshepo Nkosi, Brand South Africa’s communications manager, said: “We have structured the tour so that the group will have the opportunity to get acquainted with the different industries in South Africa and the opportunities that exist within those sectors. “After this tour, the group will have been shown how our trade and investment policy acts as an enabler to foreign investment.” And with South Africa’s recent inclusion in the BRIC economic bloc of Brazil, Russia, India and China, the tour comes at an opportune time. “So far we have observed a diversity of Chinese business interests in Africa, including construction projects in Kenya and Algeria, mining along Zambia’s copper belt and telecoms in South Africa – to name a few. Either directly or indirectly these are a boost to local economies,” Hou said. The range of Chinese investments in Kenya was particularly interesting for the team. “There we discovered a plastics-manufacturing firm, and vegetable and poultry concerns run by Chinese. We even discovered a Chinese-owned digital satellite pay-TV group which, in addition to Kenya, operates in Uganda, Tanzania, Rwanda and Burundi.”Respect for Chinese working culture Hou says the tour has helped develop a sense of respect for Chinese working culture. “We want there to be a better understanding of China’s position in Africa and this can be brought about by healthy media coverage. Sometimes there is negative publicity because people aren’t seeing the bigger picture.” Hou adds that the tour will help the Chinese journalists put together a balanced report on African trade opportunities. “We want our Africa report to be neutral and to cover all experiences and challenges we’ve found in Africa. We don’t want to create propaganda. The report needs to be constructive and show the experiences of people who are having success working cross-culturally. “There must also be advice on how to overcome challenges such as the language barrier and difficulties with local legal systems. China has vast experience in industrial development, which it can bring to Africa.”Policies beneficial to Chinese investment The journalists visited the National Empowerment Fund (NEF) in Sandton, Johannesburg, to learn more about local policies which can help boost Chinese investment. The NEF was established in 1998 as a way to promote and facilitate black economic participation in the newly democratic South Africa. Some years later South Africans of Chinese descent were given full benefits in terms of the country’s employment equity and black economic empowerment (BEE) policies to correct exclusions during apartheid rule. This means that South African Chinese are now eligible to be empowered under BEE, which the NEF supports. This empowerment strategy could be seen as advantageous to China-based investors who have ties with South Africans of Chinese descent. Zwelibanzi Sapula, head of strategic funds at the NEF, said: “Although we do not necessarily go out and look for Chinese investment, we have appointed a financial service provider which shows potential foreign investors all our projects and how they could benefit from being involved.” Sapula added that there are three ways foreign investors can become involved in a project: at a funding level, project level or both. At the funding level, the investor will only make monetary contributions, while at project level the investor will play a more active role in the investment, such as bringing in the technology needed to make the project successful. Sapula cited an NEF-backed project, which involves using Chinese technology to convert discarded tyres into consumable oils. According to the NEF, Chinese involvement at both funding and project levels could have helped speed up implementation as there was a lack of interest from financiers.Entrepreneurial lessons from Sasol During their time in Johannesburg the journalists also visited fuel manufacturer Sasol’s headquarters in the suburb of Rosebank, where they were shown how innovative business models can boost entrepreneurship. One of the examples is the ChemCity initiative, which aims to make it easier for small, medium and micro enterprises (SMMEs) to become established in the chemical, energy and related industries. Phase one of the ChemCity Eco-Industrial Park in Sasolburg offers entrepreneurs a space to construct environment-friendly premises with 24-hour security and exemption from paying rates and taxes until 31 December 2018. It also offers competitive rates for the renting or selling of sites. Since July 2004 the ChemCity initiative has helped establish 262 SMMEs and create 3 000 jobs. Hou said: “I see how the South African chemical energy sector is thriving and there are many viable opportunities for Chinese investors in this sector.” First published by MediaClubSouthAfrica.com – get free high-resolution photos and professional feature articles from Brand South Africa’s media service.last_img read more

Gerry Abadiano determined to deliver NU Bullpups another NBTC crown

first_imgFor the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Panelo: Duterte ‘angry’ with SEA Games hosting hassles The Bullpups have been nothing short of spectacular in the 2019 NBTC National Finals but against San Beda, the reigning champions nearly came up short.Abadiano, with the hopes of winning another NBTC title after a UAAP championship, took his matters in his own hands.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsAfter NU squandered a 26-point lead and get into an 89-89 tie with the Red Cubs, Abadiano took it upon himself to save the Bullpups with a glorious stepback jumper over Zachary Estacio for the 91-89 lead with 2.0 seconds left in the game.The Bullpups eventually held on for the 91-90 lead and Abadiano said that it’s the desire of winning the double that kept him going. “I really hope that we can win the championship so we can have two titles in a row,” said Abadiano in Filipino Friday at Mall of Asia Arena.“I always practice that shot and I always keep thinking that it’s the last shot in a championship game. When I shot it, I just left it to chance that if it doesn’t go in we’ll go to overtime. It went in so I was ecstatic.”Abadiano and the rest of the Bulldogs, who had won heir first three games with an average margin of 59.7 points, were pushed to unfamiliar territory when the Red Cubs erased their 26-point lead, 61-35, and even took the 85-84 lead after Estacio’s layup with 2:10 remaining.Estacio could’ve erased the impact of Abdadiano’s jumper had he made his free throws with zero seconds left in the clock after absorbing contact from Terrence Fortea.As fate had it, Estacio missed the first free throw and the Bullpups set up another finals date with La Salle Green Hills.ADVERTISEMENT Don’t miss out on the latest news and information. La Salle wins 4th UAAP Streetdance title MANILA, Philippines—Gerry Abadiano wasn’t about to let Nazareth School of National University fall out of its repeat hopes.ADVERTISEMENT PH boxing team determined to deliver gold medals for PH PLAY LIST 05:25PH boxing team determined to deliver gold medals for PH00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Bloomberg: US would benefit from more, not fewer, immigrants View comments Trump tells impeachment jokes at annual turkey pardon eventcenter_img Colombia protesters vow new strike after talks hit snag Wintry storm delivers US travel woes before Thanksgiving Sports Related Videospowered by AdSparcRead Next Private companies step in to help SEA Games hosting Google Philippines names new country director MOST READ LATEST STORIES Cayetano: Senate, Drilon to be blamed for SEA Games mess Abadiano said last year’s duel with the Greenies are still fresh in his memory but they’d rather focus on what they can execute than what La Salle will do.“We faced them last year so we kind of know the tendencies of the players and of the team,” said Abadiano who finished with 23 points and four steals against the Red Cubs. “Whatever the outcome is the important thing is we gave it our all.”last_img read more

Who could Real Madrid buy with €600m?

first_imgTransfers From Hazard to Neymar, who Real Madrid could spend €600m war chest on Chris Burton 16:00 2/17/18 FacebookTwitterRedditcopy Comments(21) Neymar Real Getty Transfers Real Madrid Manchester United Chelsea Tottenham Hotspur PSG Internazionale Bayern München Borussia Dortmund Liverpool Primera División Bundesliga Eden Hazard Mohamed Salah Robert Lewandowski Harry Kane Neymar David de Gea David Luiz Serie A Ligue 1 Premier League The Blancos, amid a testing 2017-18 campaign, are expected to overhaul their squad in the summer and will have a sizeable budget at their disposallast_img read more

Pacific Basin Boasts Vessel Earnings Hike

first_imgzoomImage: Copyright © Pacific Basin Hong Kong-listed dry bulk shipping company Pacific Basin Shipping Limited saw a significant hike in vessel earnings in the third quarter of the year.Handysize and Supramax daily time-charter equivalent (TCE) earnings were USD 10,080 and USD 12,180 per day net respectively in the third quarter, representing an improvement of 24% and 30% year-on-year.The company further added that year-to-date average Handysize and Supramax daily net TCE earnings increased 23% and 30% year-on-year to USD 9,870 and USD 11,780, outperforming the BHSI and BSI spot market indices by 22% and 9% respectively.Vessel earnings  increased due to an improvement of market fundamentals driven primarily by historically low growth in global dry bulk capacity. Newbuilding deliveries in the first nine months were one third lower year-on-year, and the global dry bulk fleet overall grew by around 2.3% net between January and September, similar to the same period last year.Clarksons Research estimates that global dry bulk capacity will grow around 2.7% net in the full year 2018 and 2.8% in 2019, as compared to 3% in 2017. The combined Handysize and Supramax capacity is estimated to grow about 2.2% in 2018 and less than 2% in 2019.In addition, fuel oil prices have increased contributing to slower ship operating speeds since May and, in turn, reduced dry bulk supply and therefore improved market conditions.The increasing gap between newbuilding and secondhand prices as well as uncertainty over future ship design requirements continued to discourage new ship ordering which in the first nine months of 2018, annualised, represented 3.3% of the global dry bulk fleet and 1.5% of the combined Handysize and Supramax fleet.Despite increasing trade tensions, the outlook for widely-spread global GDP growth remains favourable, which bodes well for dry bulk demand.Pacific Basin said that a small fraction of goods has been affected by the trade conflict between the United States and China, primarily soybean, as well as forest products and cement. ” A protracted trade conflict between the United States and China would weaken sentiment which, in the longer run, could impact global GDP growth and consequently overall trade and dry bulk demand. However, we continue to believe that the negative impact these protectionist actions have on the dry bulk trade will be largely outweighed by moderate dry bulk fleet growth and continued global dry bulk trade growth overall,” the company said.Overall, the company is bullish on market outlook and reaping the gains from its recovery.“Our healthy cash and net gearing positions enhance our ability to take advantage of opportunities to grow our business and attract cargo as a strong partner,” the shipowner said.During the third quarter, Pacific Basin purchased and took delivery of one secondhand Supramax vessel, increasing its owned fleet to 109 ships on the water. Including chartered ships, the company operated an average of 216 ships overall during the quarter.Three more ships purchased in May are scheduled to deliver over the next five months, bringing the fleet to 112 ships.last_img read more