Posts tagged Investment programme
The new scheme will provide immediate employment for workers in small infrastructure projects located in the poorest areas of Egypt.
Projects will include construction work and the provision of community services. The EU said it will improve living conditions for the most vulnerable population and boost Egypt’s poor economy.
The support to the TVET system will enhance the skills of young people to meet the labour market’s demands, with particular attention to the tourism sector. Two million pupils in the secondary technical education are expected to benefit from this EU support.
EU Commissioner for Enlargement and European Neighbourhood Policy, Štefan Füle, said: “Our new support is responding directly to the crucial demands expressed by young people in Egypt during the Arab Spring last year and we are committed to helping to provide Egyptian citizens with new job opportunities, which is one of the top priorities of the new Egyptian leadership”.
The total value of both programmes is €120 million, where €70 million is marked for programme to create jobs and €50 million for vocational training.
These programmes are part of the overall financial assistance package that the EU is mobilising in support to Egypt’s development and the country’s new socio-economic needs.
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Lambeth Borough Council has granted planning permission to Downing Developments to build a 32-storey student accommodation scheme in Vauxhall, South London, which will boost the building industry and create new jobs.
The development will see the building of 553 student accommodation units, a 25-metre swimming pool and leisure facilities which will be open to the public. The scheme will boost local businesses and benefit the construction sector as well as create new jobs in the trades.
The architect for the scheme is Feilden Clegg Bradley Studios. Downing is planning to start work on the site immediately as the scheme is set for completion by 2014.
Downing development director, Paul Houghton said: “The scheme represents a significant investment in the area, not only through the £4.5m swimming pool and leisure facility, but also through the in excess of £1.5m of contributions that will benefit the local area.
“The proposals will redevelop a brownfield site and provide a major boost to local businesses through the increased spend that the students will deliver.”
Downing submitted the planning application in November 2011 following consultation on draft plans with the local community. Following a public exhibition held in September 2011, the size of the swimming pool was increased from 20m to 25m in response to residents’ feedback.
The building construction industry is to receive a £175 million investment as the University of Birmingham is going ahead with a £175 million expansion programme.
The expansion, which is funded by the university and alumni donations, will include the building of an Olympic-sized swimming pool, a new library, improving the university’s current sports facilities and student accommodation. The redevelopment plan was submitted to Birmingham City Council which is expected to give the green light for the five-year investment programme; likely to create new jobs in the building construction sector.
The Birmingham Mail reported today that plans for the sports centre will include Birmingham’s only 50- metre swimming pool, a sports hall that will host national sporting events and a gym where students can take part in a variety of sporting activities. The renovation will also include building dance studios and a high performance research centre as well as a new library with a cultural hub which will be open to the public.
It is hoped that the redevelopment scheme and the planned sports centre will cement the university’s reputation as one of the leading sporting universities in the UK.
Director of Estates, Ian Barker, told the Construction Enquirer that the project will benefit not only students and staff, but also local people who will be able to use the new facilities, helping the local economy and boosting economic growth.
Mr Baker said: “Although we are very proud of the current Edgbaston campus these are significant and exciting projects that will benefit students, staff and the local area. The University was founded to be an asset for the city and these plans have that aim in mind.
“For that reason, a number of developments, like the proposed new sports centre, swimming pool and the cultural hub, focus on facilities that will benefit the community as well as staff and students.
“We also hope that extending student accommodation and staff car parking on campus will relieve pressure on Selly Oak. Our plans also envisage a reduction in the University’s environmental impact and carbon footprint.”
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