The Closing Table

Where it all comes together!

  • JWF Capital - Services
  • The Table
  • Market News
  • Videos
  • Podcasts
  • Guest Profiles
  • About
  • Terms
  • Contact
Screen Shot 2016-11-08 at 8.50.27 AM.png

First Look - Japan construction sector: sinkhole near Hakata Station - Taisei JV and Zenitaka JV doing work nearby

November 08, 2016 by Joseph W. Foley

FULL REPORT

According to the Fukuoka City Transportation Bureau, a huge sinkhole opened up at the 2-chome intersection near Hakata Station around 5:15am on 8 November. The cause of the sinkhole is currently under investigation. There were two Nanakuma Line subway extension projects under way near the site of the accident. A Taisei [1801]/Sato Kogyo/Morimoto/Sanki Construction/Saiko Kensetsu JV was carrying out work on a section of construction for a Nanakuma Line Hakata Station project, and a Zenitaka [1811]/JDC/Kyuken JV was carrying out work on the eastern section of a Nanakuma Line Nakama Station project. The value of orders (before tax) looks to be ¥10.8bn for the work being undertaken by the Taisei JV and ¥4.1bn for the work being carried out by the Zenitaka JV. 

November 08, 2016 /Joseph W. Foley /Source
  • Newer
  • Older