CMC wins key Beirut water project

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CMC wins key Beirut water project

Italy’s CMC di Ravenna has won a €165 million ($191 million) contract for the construction of 24-km-long tunnel and transfer lines for smooth water supply in Beirut.

The project, which involves works for the excavation of tunnels and water transfer in Beirut, was awarded by the Council for Development and Reconstruction, Beirut (Lebanon). It will be partially financed by the World Bank, said a statement from the Italian company.

These tunnels will be excavated by two Tunnel Boring Machines (TBM), it stated.

This award testifies CMC capacity in the technologically complex sector of excavation employing TBM, where it will operate using 16 machines during 2015, both in Italy and abroad, said the statement.

Last year, CMC won new orders worth approximately €1.2 billion ($1.39 billion), of which €750 million ($869 million) pertains to the international market, it added.

Source: Trade Arabia

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Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.